FBR demands $4.3m in taxes from NAB over Broadsheet payment
Summary
ISLAMABAD: The federal revenue body FBR has issued Thursday a notice to National Accountability Bureau (NAB) demanding from it taxes against the $28.7 million payment the accountability watchdog made to Broadsheet company, ARY News reported. According to the notice the tax amount comes at $4.3 million which the FBR authorized saying it is due to the supremacy of law which everyone is responsible for. The notice said that according to the rules, the amount meant to be paid to Broadsheet was to incur withholding tax deduction which is 15 per cent of the total amount. Separately earlier today, the federal government has prepared the terms of references (TORs) for an investigation into the Broadsheet scandal by a one-member commission headed by former apex court judge Justice (retd) Azmat Saeed. The TORs for the Broadsheet investigation commission would be approved by the federal cabinet through a summary circulation process.