The Federal Board of Revenue (FBR) has stepped up efforts to recover Rs. 26 billion in outstanding taxes from Bahria Town. The tax authority issued a public notice to inform the public about the ongoing recovery measures.
On October 7, FBR conducted raids on the Bahria Town Tower in Karachi. During the operation, the tax authority took custody of relevant records and seized multiple assets. These include 145 residential units, 42 offices, and 103 shops in the tower.
The FBR has also imposed a ban on the sale, transfer, or disposal of the seized properties. No transaction can take place without prior permission from the authority. This step ensures the assets remain under FBR control until the dues are recovered.
The tax regulator has asked anyone with objections or claims regarding the seized properties to submit them to the Large Taxpayer Office (LTO) in Islamabad. The process will follow existing legal frameworks, giving affected parties a chance to present their case.
Officials said that this action is part of FBR’s renewed push to enforce compliance among large taxpayers. The authority warned that strict measures would continue against organizations failing to meet their tax obligations.
By seizing high-value assets and restricting their disposal, FBR aims to recover significant revenue for the government. Tax experts noted that these measures also serve as a warning to other large taxpayers who may delay payments.
The FBR’s initiative underscores its focus on transparency, accountability, and strengthening the tax collection system in Pakistan. Authorities hope that these steps will expedite recovery and reinforce public confidence in the taxation framework.
In other related news also read FBR Revises Property Valuation in Islamabad
The public notice and ongoing enforcement measures are expected to ensure that large taxpayers comply with tax laws and contribute to national revenue.
