FBR busts network of tax fraudsters

The Federal Board of Revenue (FBR) has uncovered a network of tax fraudsters involved in issuing fake sales tax invoices, resulting in a loss of Rs21.69 billion to the national exchequer. The FBR’s Directorate of Intelligence and Investigation Karachi and Hyderabad filed FIRs against Rehman Enterprises for tax fraud of Rs10 billion and ZA Impex for Rs11.69 billion under the Sales Tax Act 1990. It was discovered that organised groups were involved in creating fake units/companies and issuing fraudulent sales tax invoices. Subsequently, the Financial Monitoring Unit (FMU) confirmed the scam by issuing detailed Financial Intelligence (FI) reports. The FMU stated that fake units were established and registered in the names of low-paid employees. According to the FBR report, Gulraiz Ahmed Raza is the main person leading the organised groups.