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The Federal Board of Revenue (FBR) has sealed three luxury watch outlets in Karachi. The businesses were accused of tax evasion and failing to comply with the Point of Sale (POS) system. According to FBR sources, the businesses declared stock worth Rs. 40 million. However, records indicate actual sales of Rs. 700 million. With a …
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Federal Board of Revenue (FBR) Chairman Rashid Langrial acknowledged ongoing corruption within the department on Tuesday. He made the admission during a briefing to the National Assembly’s Standing Committee on Finance. Langrial also shared details about new reforms to expand the tax base and curb illegal practices. FBR Implements Reforms to Tackle Tax Evasion Rashid …
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