AGL 40.00 Decreased By ▼ -0.16 (-0.4%)
AIRLINK 129.53 Decreased By ▼ -2.20 (-1.67%)
BOP 6.68 Decreased By ▼ -0.01 (-0.15%)
CNERGY 4.63 Increased By ▲ 0.16 (3.58%)
DCL 8.94 Increased By ▲ 0.12 (1.36%)
DFML 41.69 Increased By ▲ 1.08 (2.66%)
DGKC 83.77 Decreased By ▼ -0.31 (-0.37%)
FCCL 32.77 Increased By ▲ 0.43 (1.33%)
FFBL 75.47 Increased By ▲ 6.86 (10%)
FFL 11.47 Increased By ▲ 0.12 (1.06%)
HUBC 110.55 Decreased By ▼ -1.21 (-1.08%)
HUMNL 14.56 Increased By ▲ 0.25 (1.75%)
KEL 5.39 Increased By ▲ 0.17 (3.26%)
KOSM 8.40 Decreased By ▼ -0.58 (-6.46%)
MLCF 39.79 Increased By ▲ 0.36 (0.91%)
NBP 60.29 No Change ▼ 0.00 (0%)
OGDC 199.66 Increased By ▲ 4.72 (2.42%)
PAEL 26.65 Decreased By ▼ -0.04 (-0.15%)
PIBTL 7.66 Increased By ▲ 0.18 (2.41%)
PPL 157.92 Increased By ▲ 2.15 (1.38%)
PRL 26.73 Increased By ▲ 0.05 (0.19%)
PTC 18.46 Increased By ▲ 0.16 (0.87%)
SEARL 82.44 Decreased By ▼ -0.58 (-0.7%)
TELE 8.31 Increased By ▲ 0.08 (0.97%)
TOMCL 34.51 Decreased By ▼ -0.04 (-0.12%)
TPLP 9.06 Increased By ▲ 0.25 (2.84%)
TREET 17.47 Increased By ▲ 0.77 (4.61%)
TRG 61.32 Decreased By ▼ -1.13 (-1.81%)
UNITY 27.43 Decreased By ▼ -0.01 (-0.04%)
WTL 1.38 Increased By ▲ 0.10 (7.81%)
BR100 10,400 Increased By 213 (2.09%)
BR30 31,653 Increased By 316.8 (1.01%)
KSE100 97,328 Increased By 1781.9 (1.86%)
KSE30 30,192 Increased By 614.4 (2.08%)

ISLAMABAD: The Federal Board of Revenue (FBR) is reluctant to disclose vital information regarding tax payments made by Politically-Exposed Persons (PEP) including high-level public officials (BPS-17 & above), their spouses/children/benamidars or beneficial owners on account of capital value tax on foreign assets, super tax and tax on deemed income basis introduced through the Finance Act 2022.

FBR Chairman Asim Ahmed has received a letter of the Lahore-based tax lawyer Waheed Shahzad Butt seeking data from the FBR.

According to the letter, an advocate of Lahore Waheed Shahzad Butt had requested access to this information under the Right of Access to Information Act, 2017 (RTI). The FBR’s long silence has once again proved that the RTI law is toothless and authorities are using it to deny even the basic data which was not declared as confidential under the FBR laws.

Over 200 super rich people in Karachi: Recovery proceedings initiated

The lawyer had requested a complete breakdown of the total payments made to the national exchequer by PEP for CVT, Super Tax and Deemed income tax.

It is stated that due to untiring efforts made by Pakistan Information Commission, government has decided to remove restrictions on the FBR from not disclosing information of the politically-exposed persons including high-level public officials under the Finance (Supplementary) Act, 2022.

Article 19-A of the Constitution enabled every Citizen of Pakistan to become independent of power centre to seek information on matters of public importance, Waheed Shahzad Butt added.

Copyright Business Recorder, 2023

Comments

Comments are closed.

Faisal Mar 20, 2023 06:26pm
Big misunderstanding and error ; Politically Exposed Persons PEP are not necessarily Super rich of Karachi. PEP are military, bureaucrats , politicians and some businessmen . Most businesmen are NOT part of the Ruling Elite who are siphoning off govt funds as they operate thier own businesses which contributes towards taxes & the GDP. They produce, export & create revenues for the govt, wheres as the ruling elite in Islamabad devise schemes to siphon off these revenues
thumb_up Recommended (0)