- FBR exposed influential figures involved in tax fraud, including a former senator and ex-customs official.
- FBR Chairman defended proposed arrest powers for tax fraud after inquiry completion.
- A former customs officer in custody advised a shoe manufacturer on tax evasion.
- Current law allows arrests during inquiry; proposed amendment shifts power to investigation stage with Commissioner approval.
- State Minister for Finance supported amendment for procedural fairness.
- Senate committee rejected FBR proposal, demanding a clear arrest threshold.
- FBR suggested a minimum fraud amount of Rs 10 million for arrests.
- Senator Naek opposed FBR powers, advocating for judicial authorization for arrests.
- Langrial emphasized strong enforcement for tax fraud of Rs 1 billion or more.
- Finance Bill proposes severe penalties and special judges for prosecution.
- FBR suggested additional enforcement measures but assured no action without public hearing.
- Senate committee advised FBR to revise proposals with Attorney General and Finance Minister.
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.
