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Pakistani court orders telecom giant to pay $78M in taxes, upholding FBR's tax assessment.
The Islamabad High Court has ruled in favor of the Federal Board of Revenue, ordering a major telecom operator to pay about Rs22 billion ($78 million) in taxes.
The court determined that the company's transfer of tower assets to a subsidiary was taxable, as it did not meet the conditions for tax-neutral transactions under the Income Tax Ordinance.
The ruling supports the FBR's authority to assess taxes on such transactions.
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El tribunal paquistaní ordena que el gigante de las telecomunicaciones pague 78 millones de dólares en impuestos, confirmando la evaluación fiscal de FBR.