Rs 140000 million tax fraud

The Committee on Public Accounts states that the Inland Revenue Department has lost more than Rs.144530 million due to income tax default.
It is said that more than 200 institutions including financial institutions, casino businesses and government institutions have evaded income tax. It is said that some government institutions that have evaded taxes have been already liquidated.
Meanwhile, it has been revealed at the Government Accounts Committee that out of the checks submitted to the Inland Revenue Department by a number of institutions and individuals, 10,0878 checks worth more than Rs.245000 million have bounced back.

Facebook
Twitter
LinkedIn