Litigation causes Rs131bn loss: FBR

ISLAMABAD: According to the FBR the national exchequer is facing a loss of Rs 131 billion due to pending tax cases, Geo News reported. In light of this the FBR has decided to request the Chief Justices of higher courts to deal with these cases immediately.

FBR member Inland Revenue Service Khawar Khursheed Butt told Geo News that strict action will be taken against those tax defaulters who do not pay their fines by Thursday. He added that today was the last day of the amnesty scheme launched by the FBR and from July 1st they would launch a new drive against those individuals who do not pay their taxes.

Khawar Khursheed Butt said that in the current fiscal year the total tax target was Rs 1,588 billion and the FBR by June 29 had collected Rs 1525 billion and was expecting to collect a further Rs 60 billion on Thursday.