Tag: FBR Tax

FBR to start freezing bank accounts without warning
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FBR to start freezing bank accounts without warning

With FBR rules about issuing a warning to defaulters now revoked, taxmen will now be freezing bank accounts without prior warning. People including tax lawyers and business professionals objected and called it a ruling that damages ease of doing business. The Federal Board of Revenue ( FBR ), formerly known as Central Board of Revenue. A federal law enforcement agency of Pakistan that investigates tax crimes, suspicious accumulation of wealth and money-laundering ISLAMABAD, PAKISTAN - On Monday, The Federal Board of Revenue (FBR) made it legal for taxmen to freeze defaulter bank accounts without prior notice. This decision came in after the clause that demands tax officers to notify a person 24 hours before closing their account. While this revocation may bring positive changes int...