FBR told to act against non-compliant withholding agents

Published February 15, 2021
The total number of withholding agents is 11,723 and 6,406 of them are not on the tax roll as reflected by the data provided by the FBR. — APP/File
The total number of withholding agents is 11,723 and 6,406 of them are not on the tax roll as reflected by the data provided by the FBR. — APP/File

ISLAMABAD: Federal Tax Ombudsman Mushtaq Ahmad Sukhera has directed the Federal Board of Revenue (FBR) to initiate and finalise proceedings against non-compliant withholding agents under the Income Tax Ordinance.

He also asked the FBR to register all non-compliant withholding agents on the tax roll and ensure submission of withholding statements in terms of Section 165 of the Income Tax Ordinance. The FBR was directed to take action and submit compliance report to the ombudsman within 60 days.

The total number of withholding agents is 11,723 and 6,406 of them are not on the tax roll as reflected by the data provided by the FBR, according to a statement issued by the ombudsman’s office on Sunday.

An investigation was initiated into the failure of the FBR to monitor advance tax to be collected at the time of sale, purchase and transfer/registration of immovable properties in terms of Sections 236C and 236K of the Income Tax Ordinance.

During the investigation, it was found that most of the withholding agents, who are on NTN, were non-filers of withholding tax statements that they are required to submit under Section 165 of the Ordinance. The public exchequer has thus been losing a huge legitimate tax, which the FBR ought to have collected, wherever applicable.

Published in Dawn, February 15th, 2021

Follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Counterterrorism plan
Updated 23 Nov, 2024

Counterterrorism plan

Lacunae in our counterterrorism efforts need to be plugged quickly.
Bullish stock market
23 Nov, 2024

Bullish stock market

NORMALLY, stock markets rise gradually. In recent months, however, Pakistan’s stock market has soared to one ...
Political misstep
23 Nov, 2024

Political misstep

FORMER first lady Bushra Bibi’s video address to PTI followers has triggered a firestorm. Her assertion implying...
Kurram atrocity
Updated 22 Nov, 2024

Kurram atrocity

It would be a monumental mistake for the state to continue ignoring the violence in Kurram.
Persistent grip
22 Nov, 2024

Persistent grip

An audit of polio funds at federal and provincial levels is sorely needed, with obstacles hindering eradication efforts targeted.
Green transport
22 Nov, 2024

Green transport

THE government has taken a commendable step by announcing a New Energy Vehicle policy aiming to ensure that by 2030,...