Revenue body selects corporate and non-corporate taxpayers for audit of 2013-14

KARACHI: The Federal Board of Revenue (FBR) has issued the list of cases selected for audit for tax period July 2013 to June 2014 and tax year 2014 to ensure compliance with income tax, sales tax and federal excise duty rules/laws.

Accordingly,  937 corporate taxpayers have been selected for sales tax audit through computer ballot for tax period July 2013 to June 2014; as many as 1,954 corporate taxpayers have been selected randomly for income tax audit for tax year 2014 while 32 corporate taxpayers have been selected randomly for federal excise duty audit for tax period July 2013 to June 2014.

Moreover, 7,486 non-corporate taxpayers have been selected for sales tax audit through computer ballot for tax period July 2013 to June 2014; as many as 65,439 non-corporate taxpayers have been selected randomly for income tax audit for tax year 2014 while 22 non-corporate taxpayers have been selected randomly for federal excise duty audit for tax period July 2013 to June 2014.

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