News

FBR reportedly seals Jazz’s head office in Islamabad for non-payment of tax

The Federal Board of Revenue (FBR) has reportedly sealed the head office of one of the top telecom operators i.e. Jazz in Pakistan. The office was sealed due to unpaid tax amounting to PKR 25 billion. That is a very large amount even for a telco.

The head office located in F-8 Islamabad was sealed today over non-payment. The order to seal the premises was given under the income tax ordinance 2001 with Section 48 of the Sales Tax Act.

Sealing the premises came as a shock to many as this has never happened before with a company of such scale. The deal on the non-payment was being negotiated so the sealing was a surprise for Jazz as well.


Jazz has also issued a statement in response to the office being sealed:

Jazz is a law-abiding and responsible corporate citizen. Our contribution to Pakistan’s economy over the past 25 years is significant. We have received a notice from FBR this afternoon. Jazz has made tax submissions based on legal interpretations of the tax owed. We will review and take measures under our legal obligations and will collaborate with all *concerned* institutions for an early resolution of this issue.”

Sponsored
Talha Ikram

Share
Published by
Talha Ikram

Recent Posts

Garena Free Fire India Launch Rumors: What Fans Need to Know

Reports suggest that Garena Free Fire is set to make a much-anticipated return to India.…

12 hours ago

Albania Bans TikTok for One Year: Here’s the Reason!

The Albanian government has announced a ban on the social media platform TikTok for a…

16 hours ago

Google Pixel 9 Pro vs. 8 Pro: Biggest Upgrades Compared

The launch of Google’s latest Pixel lineup brings an exciting chance to compare the new…

18 hours ago

Azad Kashmir to Host Pakistan’s First Women-Centric Software Technology Park

ISLAMABAD: In February next year, Pakistan is set to launch its first women-focused software technology…

19 hours ago

HEC Reveals Law Admission Test Date for LLB Students

The Law Admission Test (LAT) has been announced by the Higher Education Commission (HEC) of…

19 hours ago

Meta’s WhatsApp to Release New Playback Speed Feature for Videos

Meta's WhatsApp is rolling out a new playback speed feature, allowing users to adjust video…

1 day ago