FBR to intensify operations against tax evaders.

Lahore: The Federal Board of Revenue (FBR)’s Directorate-General Intelligence & Investigation (I&I) Inland Revenue (IR) recently announced its decision to intensify its operation against tax evaders and individuals involved in money laundering, a news source reported.

FBR establishes Directorate of Internal Audit-South in Karachi

The department plans to take stricter action against offenders, which will include carrying out raids, registration of FIRs, and trial by special judges. According to sources, the FBR department has ordered its regional directors to freely take action against those found involved in tax fraud, tax evasion, and money laundering according to the relevant provisions of the law. The department wants to specifically focus on high-level tax evaders. On this front, the department plans to intensify its efforts throughout the country.

FBR to penalize manufacturers found violating retail print condition

Previously, the government had restored I&I IR as an investigating and prosecuting agency under section 2(j) of the AML Act 2010. Consequently, the Anti-Money Laundering (AML) Cell of the I&I IR has the authority to receive and review financial intelligence, such as suspicious transaction reports, from the Financial Monitoring Unit (FMU) of the State Bank of Pakistan (SBP).