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PICTORIAL
SEPTEMBER 03 - SEPTEMBER 09, 2013
FBR seizes PESS bank accounts, recovers Rs55m unpaid tax liabilities
LAHORE: Federal Board of Revenue (FBR) has seized 10 accounts of Punjab Employees Social Security (PESS) and recovered Rs55 million tax liabilities. The PESS owed Rs75 million as tax liabilities from 2003 to 2006 and was not paying taxes. During this period, the Board had been corresponding with the PESS to recover the payable tax amount, a source revealed. An official said, “Despite repeated attempts, the PESS was not ready to pay off its tax liabilities. The Board has now recovered Rs55 million confiscating PESS accounts.
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