PTA accounts attached for tax recovery
ISLAMABAD, May 29: The Federal Board of Revenue on Tuesday attached all bank accounts of Pakistan Tele-communication Authority (PTA) which owed Rs3.6 billion to the exchequer on account of income tax, it was announced here.
The FBR move was part of its ongoing campaign to recover outstanding tax liabilities against various companies, according to official FBR spokesperson, Riffat Shaheen Qazi.
The spokesperson of PTA was not available for comments on the development.
Ms Qazi stated that the PTA was served with recovery notice under relevant section of the Income Tax Ordinance 2001, to deposit the outstanding liabilities by May 28, 2012 which it failed to do so.
Accordingly, various teams were formed by Chief Commissioner, Large Taxpayers Unit (LTU), Islamabad to recover the amount from PTA through attachment of bank accounts and its receivables from mobile operators, wireless local loop operators, long distance and international operators, landline operators and the Ministry of Information Technology.
On the other hand, Pakistan Mobile Communica-tions’ (Mobilink) has agreed to pay its outstanding tax amount of Rs2.5 billion by Wednesday (May 30) by availing the Tax Surcharge and Penalty Waiver Scheme offered by the FBR.
With this agreement, the issue of outstanding amount recoverable from Mobilink has now been resolved amicably, the spokesperson added.