FBR conducts computerised balloting to select tax audit cases
The Federal Board of Revenue (FBR) has conducted on Tuesday computerised balloting for selection of composite income tax and sales tax audit cases and selected 9740 cases out of total 448,312 Tax returns cases for tax year 2011.
Out of 426,602 non-corporate sector cases, 8,523 cases were selected whereas in corporate sector, 1,217 out of 21,710 cases were selected through the computerized balloting. Zulfiqar Khan, President Pakistan Tax Bar Association pressed the button for selection of cases. Representatives of All Pakistan Tax Bar Association, Islamabad, Rawalpindi Tax Bar Association, Federation of Pakistan Chambers of Commerce and Industry, Islamabad Chamber of Commerce and Industry, Rawalpindi chamber of Commerce and Industry, Members of Media and senior officials of FBR were present on the occasion.
Mustafa Ashraf Member (Taxpayers Audit) told media persons that the selection has been made on the basis of vari- ous risk parameters developed after consultation with all stakeholders.
He said approximately 15 percent of returns filed in Large Taxpayer Unit (LTUs), 5 percent of returns filed by corporate cases and 2 per cent of returns filed by non-corporate taxpayers in Regional Taxpayers Unit (RTOs) was made only to promote voluntary compliance. He said the balloting this year has been conducted much earlier as compared to the balloting for the year 2010 in order to complete the cases in time.
"We will try our best to complete all the cases by April 2013 and if it happens then we will have enough time to make recovery before the end of current fiscal year", Mustafa Ashraf added. The balloting, he said has been conducted on FBR Board level and there is should be no question on its transparency. He said the salaried class and Property Tax Return cases have been excluded from the balloting. Mustafa Ashraf informed the audience that FBR, through Universal Self Assessment Scheme, has reposed full confidence in taxpayers' community.