Friday, December 8, 2023

FBR Seizes PIA Bank Account for Not Paying Taxes of Worth Rs. 2.86 Billion

The Pakistan International Airlines (PIA) bank accounts have once again been frozen by the Federal Board of Revenue (FBR) for failing to pay taxes of Rs2.86 billion.
In a letter to the bank’s manager, Deputy Commissioner Inland Revenue Unit-02 Sharjeel Ahmed stated that M/S Pakistan International Airlines NTN: 0803450 had unpaid government dues totaling Rs 2,864 (M) for several tax months.
“Thus, in accordance with the authority granted by Section 14(3) read in conjunction with Regulation 60(1)(d) of the Federal Excise Act, 2005,”

Pakistan International Airlines (PIA) is once again in hot water as the Federal Board of Revenue (FBR) has seized the national flag carrier’s bank accounts for non-payment of taxes. The amount in question is a staggering Rs. 2.86 billion, according to a letter from Deputy Commissioner of Inland Revenue Sharjeel Ahmed to the bank’s manager. This is not the first time the FBR has taken such action against the PIA. The FBR froze 53 PIA bank accounts in January last year for failing to pay taxes totaling Rs. 26 billion.

The freezing of the accounts would have had a negative impact on all aspects of PIA’s business, particularly its rural operations.
In order to recoup the dues, there were rumours that the PIA managing director’s arrest orders had been filed.

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