CIAA actions on tax evasion bearing fruits

The Commission for Investigation of Abuse of Authority (CIAA) today claimed to have traced 187,017 professionals and businesspersons, who had been evading government taxes under various titles in the last 10 months of the ongoing fiscal year 2013/14.

According to CIAA, a concerted effort from the anti-graft body, and the Inland Revenue Department (IRD) among other offices, brought to book altogether 135,394 individuals under income tax, 11,039 under Value Added Tax (VAT) and 40,584 under excise duty. Concerned bodies are now in the process of drawing the due tax amount from these individuals, CIAA said in a statement today, adding that nearly Rs 2.5 billion in tax will be drawn under the given titles.

Meanwhile, CIAA also said over Rs 3.5 billion due tax amount has already been collected from various bodies evading tax in the past 10 months of this fiscal year.

Similarly, according to CIAA, while total amount collected as excise duty from tobacco products last fiscal year was nearly Rs 220 million, the amount collected during the first 10 months of this fiscal year was over Rs 1 billion. 

Source: THT