FBR discovers a network of tax evaders

The FIA’s Directorates General of Intelligence and Investigation-Inland Revenue in Hyderabad and Karachi have filed cases against M/s Rehman Enterprises and M/s ZA Impex for tax frauds totaling Rs. 10 billion and Rs. 11.692 billion, respectively, in accordance with the Sales Tax Act of 1990, according to a press release released here.

The results of the investigations showed that organized groups had been involved in the creation of fictitious units and corporations as well as the issuance of such bills for sales taxes. Financial Monitoring Unit produced extensive Financial Intelligence reports (FIs) as further proof of the fraudulent conduct.

The accused repeatedly filed complaints on multiple forums against the Directorate General of I&I-IR personnel in an attempt to stall the processes and sway the investigation.

The Lahore High Court on June 3 suspended the DG I&I-IR and other officers, and they were the targets of a recent private complaint brought before Special Judge Central-I in Lahore. The complaint contained unfounded charges.

In order to capture and bring charges against those engaged in tax-related fraud, the FBR and its field formations remain unwavering in their goal. A fair and equal environment for legitimate taxpayers would be promoted by holding the fraudsters accountable, in addition to protecting billions of rupees in revenue, the press release stated.