- May 25th, 2012
- Robert Zak
Pakistan’s main mobile network provider, Mobilink, has had its bank accounts frozen by the Pakistani government over $93 million of taxes that it’s failed to pass on to the government.
The Federal Board of Revenue (FBR) have stated that ‘Pakistan Mobile Communication (Mobilink) owed Rs. 8.6 billion to the exchequer on account of mis-declaration of Sales Tax and FED.’
The FBR are now looking to ‘recover the amount from the company through attachment of Bank accounts, blocking of imports and recovery through suppliers of the company, which include other telecom companies as well as the Pakistan Telecommunication Authority.’
Mobilink have maintained their innocence in the dispute, but an investigation by the Income Tax Appellate Tribunal has sided with the authorities. A statement from Mobilink has declared the ruling as ‘sub-justice.’
‘Mobilink is one of the largest corporate tax payers in Pakistan, and has always remained at the forefront of making its due contribution to the nation’s exchequer. In 2011 alone, Mobilink paid taxes amounting to PKR 34 billion.’
Mobilink is Pakistan’s leading network provider, accounting for 31% of the country’s network market share.
[Source: Cellular News]