Retailers and real estate taxpayers who submit income and sales tax returns will be the subject of an audit by the Federal Board of Revenue (FBR).
According to sources who spoke to ProPakistani, FBR has developed a new approach against tax evaders, and as part of it, the tax authority would inspect retailers and real estate taxpayers who have submitted income tax returns.
Read More: FBR Registered 1 Million Taxpayers in Previous 4 Years
The income tax and sales tax of retailers will be examined by the FBR field offices. The retailers have also been urged to file their income tax and sales tax reports accurately.
A method has also been developed to identify tax avoidance in the real estate industry.
According to sources, the tax offices will examine real estate taxpayers at their discretion rather than choosing cases through balloting.
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