The Federal Board of Revenue (FBR) issued notices to 312 car dealers and sellers of auto parts, asking them to get registered with the tax authorities.
The broadening of tax base unit of Regional Tax Office (RTO-II) Karachi in a survey found that hundreds of owners of automobile showrooms, car dealers, and auto parts sellers despite having significant earnings, were not filing taxes. According to the official statement:
“During the field survey and information collected from various other surveys, it was found that a large number of automobile showrooms, auto parts dealers/sellers, automobile workshops, car service centers having booming business activity are either not registered or not filing their tax returns.”
The tax department identified 312 potential taxpayers from the auto industry and issued them notices under a tax law (section 176 of the Income Tax Ordinance 2001).
The FBR in its ongoing broadening of tax base drive is approaching non-compliant taxpayers to bring them on the tax roll. Notices have also been issued to doctors, restaurants, bakers, and milk shops, asking them to file their income tax returns and wealth statements.
A 3d animation professional with over 20 years of industry experience having served in leading organizations & production facilities of Pakistan, an avid car enthusiast and petrolhead with an affection to deliver writings to help shape opinions. Formerly written for PakWheels as well as major publications including Dawn. Founder of CarSpiritPK.com