The Federal Board of Return (FBR) launched a national operation against jewelers operating outside the tax net or paying taxes below their real capacity.
FBR officials said it was published in jewelers in Islamabad, Rawalpindi, Faisalabad and Multan. Out of 57,000 jewelers across the country, only 20,000 are recorded, and among these, 10,000 simply filed their income statements, express news reported
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In Islamabad only, there are 50 jewelers whose income statements do not correspond to the size of their stores, their commercial transactions or their standard of living.
Thousands of other jewelers remain outside the tax net, and opinions are issued to search for explanations.
FBR officials said that no merchant or industrial is being targeted for no reason, but strict measures would be taken against confirmed tax escapes.
“If each citizen honestly pays their taxes, the country’s economy can work more effectively,” said FBR officials. The authority aims to include all sectors of the tax net to ensure complete elimination of tax evasion.
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The repression is part of the FBR in progress to expand the tax base, limit escape and strengthen budgetary compliance in all sectors of the company.
