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FBR goes after Payoneer, freelancers over billions of rupees transferred from abroad By Wednesday Mar 10, 2021 FBRs investigation is likely to directly impact Pakistani freelancers and retailers selling their products abroad.  FBR says it has uncovered a mega scam involving a foreign company sending funds to 70,000 individuals. A sum of Rs60 billion was allegedly transferred without the knowledge of the tax authority over the last 2.5 years. The amount was sent by Payoneer, which is registe...

Top Story March 10, 2021 ISLAMABAD: The Federal Board of Revenue (FBR) has unearthed a mega scam involving Rs60 billion overseas transactions, made by a foreign company to 70,000 individuals, who did not mention those to the tax authority, The News has learnt. Investigations into the scam needed issuance of show-cause notices to 70,000 individuals. The exercise is likely to fetch about Rs10 billion taxes and expand the tax net, added the sources. The amount was sent by a company registered in ...