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Tuesday, December 22, 2009

Property of tax defaulters will be auctioned: FBR


Updated at: 1421 PST, Tuesday, December 22, 2009

KARACHI: The chairman Federal Board of Revenue (FBR) said list of 921 tax defaulters and details of their moveable and immoveable assets has been handed over to IRS commissioner.Talking to Geo News, Chairman FBR Sohail Ahmad said first time in eight years, the property of tax defaulters will be auctioned, their accounts will be freeze and arrest will be made. He said tax evolution will be made on the income of tax defaulters from January 1 to March 31. The additional tax of Rs. 75 billion will be recovered from tax defaulters till June 2010, he added.

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