ISLAMABAD: Federal Board of Revenue (FBR) on Monday strongly contradicted a news item, appearing in a section of the press that more than 9,000 business companies out of tax net.According to the FBR press release, an erroneous impression was given in the news item that more than 9,000 big, medium and small companies went off the Sales Tax Registration in 2007 out of which over 1000 were big corporate firms.
Federal Board of Revenue has thoroughly examined the matter and it was found that the said news report was misleading and incorrect, the release clarified. The official record shows that only 329 registered persons have been de-registered between January 1, 2007 to December 19, 2007 after due verification and audit, which includes only 23 Limited (Public/Private) Companies. This clarification is being issued for information of the general public to put the record straight.-SANA
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