News DeskNon-payment of taxes of billions of rupee resulted in action against the telco. Photo google
I8SLAMABAD; The Federal Board of Revenue (FBR) sealed in Islamabad head office of Jazz …largest Telco in Pakistan..on October 28,2020.
Sources in FBR confirmed to NEWSMAM the action against Jazz over non-payment of taxes amounting to Rs 25 billion.
“Jazz did not take FBR calls for payment of Rs 25 billion outstanding taxes and this attitude of the Telco resulted in sealing of its head office in F-8 markaz in the federal capital, said an FBR official privy to the development.
According to the FBR office, Jazz has a history of delaying the government taxes , which caused huge loss to the national exchequer.
Pakistan Telco sector is among those sectors which have earned windfall profit over the years , but it used different tactics to delay payment of taxes of billions of rupee to the government .
Jazz’ s case of non-payment of billions of rupee taxes is its typical example.
Jazz is a leading telco of Pakistan. It enjoyed monopoly in Pakistan for over a decade . It always dodge the government departments like FBR when it comes to the payment of lawful outstanding taxes and other dues
A Spokesperson of Jazz meanwhile said that we have received a notice from FBR this afternoon. Jazz has made tax submissions based on legal interpretations of the tax owed. We will review and take measures under our legal obligations and will collaborate with all concerned institutions for an early resolution of this issue.Jazz is a law-abiding and responsible corporate citizen. Our contribution to Pakistan’s economy over the past 25 years is significant.
Spokesperson said that we have received a notice from FBR this afternoon. Jazz has made tax submissions based on legal interpretations of the tax owed. We will review and take measures under our legal obligations and will collaborate with all concerned institutions for an early resolution of this issue.
