24 bridal dress designers allegedly identified by FBR for ‘massive tax evasion’
24 bridal dress designers allegedly identified by FBR for ‘massive tax evasion’
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The Federal Bureau of Revenue (FBR) on Wednesday identified 24 bridal dress designers allegedly involved in “massive tax evasion”.
The bureau said that some of these designers charged hefty amounts, sometimes even in the millions, for a single dress. However, the FBR said that while surveying for new taxpayers, it found out certain bridal dress designers were paying little tax or were not even listed on the tax roll. The names of famous designers such as Wardha Saleem, Sania Maskatiya, Amna Chaudhry, Natasha Kamal and others were mentioned in the list who were sent notices. “Their declared income does not commensurate with their receipts,” read the notification.
What is tax evasion?
Tax evasion is an illegal activity in which a person or entity deliberately avoids paying a true tax liability. Those caught evading taxes are generally subject tocriminal charges and substantial penalties. To willfully fail to pay taxes is a federal offense.
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