- FBR introduces stricter guidelines for sales tax suspension under new SRO 608I2025
- Aims to curb tax evasion, fraudulent invoicing, and misuse by non-compliant businesses
- Commissioner of Inland Revenue can suspend registration without prior notice if wrongdoing is suspected
- Suspension remains until a detailed inquiry is completed
- Key triggers for suspension include non-availability at business address, refusal of access, failure to provide records, and suspicious business activity
- Dealings with non-compliant businesses can also lead to suspension
- Consistent failure to file sales tax returns may result in immediate action
- Revised parameters aim to tighten enforcement and ensure only genuine taxpayers benefit
- FBR seeks to enhance revenue collection, reduce fraud, and improve tax administration efficiency
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.
