Cigarette makers: DGI&I for forensic audit of two MNCs

SOHAIL SARFRAZ
ISLAMABAD: Directorate General of Intelligence and Investigation Customs Federal Board of Revenue has recommended forensic audit of the two multinational cigarette companies to thoroughly scrutinize their tax record for detection of evasion, if any.
Sources told Business Recorder here on Saturday that the idea of the forensic audit was discussed during the last meeting of the FBR with cigarette manufacturers at the FBR House. During the meeting, the representatives of the directorate of intelligence customs hinted at forensic audit of the cigarette manufacturers to check tax affairs of major units within the cigarette sector. The cigarette manufacturers of Mardan have repeatedly sent complaints to the FBR that the clearance of the cigarette manufactured by the local units is governed by the supervised clearance system whereas facility of self-clearance is available to two multinational companies.
According to sources, Directorate General of Intelligence and Investigation Inland Revenue has also planned to conduct focused study of multinational cigarette companies and in-depth research of tobacco sector with the help of Pakistan Tobacco Board (PTB). The agency has decided to implement a new plan to tackle the issue at policy level through research, data analysis and sector-specific studies etc.
It covers in-depth research in tobacco sector in…
Islamabad News Sources

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Posted by News Pakistan Admin on Apr 29 2012. Filed under Latest News. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry