- Finance Minister announced crackdown against sales tax evasion
- Offenders may face arrest, with up to 5 years for Rs1 billion evasion and 10 years for higher amounts
- Tax fraud worth Rs3,400 billion in the country
- Potential for tax collection in various sectors
- Only 14% of manufacturers are registered
- Massive fraud through input tax adjustment system
- CFOs urged not to sign incorrect tax returns
- Arrests to be made within a week
- Significant crackdown on sales tax evasion in next 15 to 20 days
Source: tribune.com.pk
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.
