- FBR proposes suspending sales tax registration for individuals and entities issuing flying invoices
- Aim is to combat tax evasion and tighten regulatory framework
- Flying invoices refer to fraudulent tax documents issued without actual sales transactions
- FBR aims to enhance ability to identify and penalize those engaging in deceptive practices
- Measure part of broader strategy to increase tax compliance and boost revenue collection
- Stakeholders in business community have mixed reactions to proposed measure
- FBR’s commitment to transparency and accountability in tax administration is highlighted by the proposal.
Source: pkrevenue.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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