In the latest move, FBR decides Industries Field Audit all over Pakistan. For this purpose, the plan set by the Federal Board of Revenue is to appoint 102 sector experts. These experts will be appointed in almost 42 sectors or industries. These experts in their field will conduct the field audit of major industries of Pakistan. The plan is to enhance the tax limit and to control the tax evasion.
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Industric Selected by FBR for Field Audit
The authorities of FBR have decided to upgrade the functions of FBR to digitalize the department. There are many other steps that are already taken by FBR. These steps are the prerequisites to digitalize the FBR, and Field Audit is one of them.
The FBR experts have prepared a list of 42 departments for field audit. Detail is given below:
- Textile sector.’
- Rice Mills.
- Banking sector.
- Departmental Stores.
- Electronic Manufacturer.
- Beverages industry.
- Automibile sector.
- Education Sector.
- Plastic Industry.
- chip board & packages manufacturer.
- Poultry Sector.
- Mobile manufacturer.
- Copper manufacturer.
- Cement Industry.
- Tobacco Industry.
- Telecom sector.
- Food Importer sector.
- Paper industry.
- Real Estate sector.
- Aviation Sector.
- Feed fertilizer.
- Flour mills.
- Manufactureres.
- Marque and Restaurants sectors.
- Sugar Mills.
- Tea Industry.
- IT and Tech Industry.
- Ceremaics sector.
- Chemical manufacturer.
- Coal industry.
- Edible Oil Industry.
- Batteries Manufacturer.
- Services Industry.
- Iron and Steel Industry.
- IPPs and DISCO’s.
- Pharmaceutical Industry.
- Insurance and Finance.
- Petroleum Sector.
- Oil and Lubricants.
First Phase of Field Audit of Industries
In the first phase of field audit the FBR authorities have selected some of the sectors to start this initiative. In this first step, Automobile Sector; textile; Iron & Steel; IPP’s & DISCO’s; Pharmaceutical; Finance & Insurance; banks and sugar mills are selected for field audit.
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Hiring of Experts of their Field
FBR will hire the experts of respective field to conduct the field audit of respective department. For instance, to conduct the field audit by FBR to the Sugar Mill, there must be expert who has considerable knowledge of working of Sugar Mills. In this way, these experts of their respective field will help the FBR in rationalizing the tax process implementred within these sectors, departments and mills.
What is the Purpose of FBR Industries Field Audit?
The basic purpose of the FBR field audit of various industries and sectors in Pakistan is to streamline the industry sector in Pakistan. This sector will work on the tax evasion and tax avoid the ance that are the major factors in Pakistan for low level of tax collection all over Pakistan.
What is Federal Board of Revenue?
Federal Board of Revenue is the federal government agency which is responsible for the revenue collection at federal and provincial levels. It is the primary institutes which collected taxes from individuals as well as from the industrialists.
Moreover, FBR is also responsible to give feedback to the federal government for implementation of various direct and indirect taxes on individuals as well as on the industrial sectors etc.
What is FBR filer registeration Fees?
Currently, there is no FBR filer registeration fee. The process of filing the returns is totally free. Some people get the assistance of some lawyer or professional to get their return file. So, they need to pay the filing fee to that specific agency or person for getting the services. But there is no departmental fee for filing the return with Federal Board of Revenue.
FBR Last Date for Income Tax Return 2025
The Federal Board of Revenue has further increased the tax return date for third for the financial year 2024-25. This time the final date for the filing of tax return is 31st of October 2025. Many of the tax matters experts are of the opinion that the date is extended for the third time to facilitate the tax payers.
Moreover, the tax return date is also extended for the year 2025 to enhance the tax net. The tax net ratio in Pakistan is very low as compared to many other states in the world. Whereas, people are concerned that even if they do not file the return, they are also taxpayers as they pay taxes for everything they buy from the market.
According to the tax experts, they are the big businessmen and industrialists who do not pay taxes. Whereas, they receive the taxes from the public in the shape of service taxes and sales taxes, but they do not further pay the taxes to the government, which they receive as an agent of the government.
