FBR to Freeze Bank Accounts Without Warning for Tax Recovery

The officers of Inland Revenue (FBR) have been authorized to access bank accounts of taxpayers for recovery of outstanding duty and taxes.

The Federal Board of Revenue (FBR) revoked the clause that made it mandatory for taxmen to warn defaulters 24 hours before freezing their bank accounts, which tax lawyers dubbed as harassment and a dent to ease of doing business.

In an official memo issued on Monday, the Federal Board of Revenue (FBR) has restored the powers of Commissioners IR to exercise their powers under Income Tax Ordinance, 2001 and Sales Tax Act, 1990 regarding recovery of tax dues through attachment of bank accounts.

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