FBR selects cases for audit through computerized balloting

KARACHI: Federal Board of Revenue (FBR) has selected a total of 14,164 audit cases through computerized balloting in income tax, sales tax and federal excise duty cases.

FBR has selected 10,982 Income Tax cases, 3,126 sales tax cases and 56 FED cases for audit.

The Audit Policy 2018 pertaining to Tax Year 2017 has been approved by the Federal Board of Revenue.

The selection of cases this year has been done on parametric basis. Advanced data analytics have been used to design parameters to make sure that only non-compliant tax payers are selected. As a result, the FBR has selected a small number of high-risk cases for audit compared to previous years.

This year only 2.3% of total cases available for audit for Income Tax, Sales Tax, and FED have been selected through ballot compared with 7.5% cases selected in last year’s ballot. Furthermore, the FBR has decided that taxpayers who have been audited in Income Tax in any of the preceding three Tax Years i.e. 2016, 15, and 14 and salaried individuals would be excluded from this year’s Ballot.

Similarly, taxpayers who have been selected for audit under Audit Policy 2017 for Sales Tax and FED have been excluded from this year’s ballot. [the_ad id=”31605″]

Tagged , , . Bookmark the permalink.

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.