Nawaz paid Rs2.5m, Shahbaz Rs5m in taxes
Nawaz Sharif paid Rs2.5 million in taxes in 2010-11, while Punjab Chief Minister Shahbaz Sharif paid Rs5 million, according to records of the Federal Bureau of Revenue.
The amount has been paid by Nawaz from his income as the director of one sugar mill, Chaudhry Sugar Mills, which is declared as his only asset. Last year, he had paid Rs2 million from his earnings from the mill.
Shahbaz, however, paid a total of Rs6.43 million in the last three years: Rs5 million last year, Rs0.7 million for year ending June 2010 and Rs0.66 million for year ending June 2009.
The Sharif family owns five businesses, in which the Sharif brothers have varying shares, which have collectively paid Rs6.72 billion in taxes since early 90s till now.
Chaudhry Sugar Mills Ltd has paid a total tax of Rs3.11 billion between 1993 and 2010. Last year, the mill paid Rs134 million in taxes. Ramzan Sugar Mills Ltd has paid Rs3.15 billion in taxes since 1992 and 2009. Tax payments for the last two years are not mentioned in the documents, but the mill paid Rs200 million for the year 2008-09.
Mehran Ramzan Textile Mills Ltd paid total tax of Rs8 million for year ending on June 30, 2006. The mill has paid Rs166.7 million between 1993 and 2006, but records since then are not available.
Hamza Board Mills Ltd has paid Rs163.03 million between 1993 and 2006, when it paid Rs11.2 million. Records since then are unavailable.
Hudaibiya Engineering Co. (pvt.) Ltd has paid Rs91.83 million between 1994 and 2010. Last year, it paid Rs18.3 million.
Published in The Express Tribune, December 5th, 2011.
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1723104747-0/PIA123-(1)1723104747-0-270x192.webp "pia audit report exposes ruthless financial mismanagement fraudulent practices")
credit should be given to imran khan who made them pay thier taxes....... long live IK...yet another acievement
nawaz sharif is a MULTI US$ Billionaire from the Saudi goverment alone he has $100 million loan
@sajid: If you had bothered reading the article, then Shabaz Sharif paid 0.66 million in 2009, which is around 6 lac.....one of the richest person in Pakistan, paying a tax that is close to what I pay is laughable.
Imran Khan's policies started generating revenue for pakistan before the PTI tsumnami hits the government. Geo Khan Sahab
What about Ramzan Sugar Mill in Chiniot district and the steel mill and other real estate he bought over the years?
@Ch Allah Daad: Here they are mentioning about the Sales Tax not income tax.
Every Pakistani is paying Sales tax when they buy something. Income tax is totally different thing. Mian brothers are not paying fulll income tax. They are trying to mixing income tax and sales tax.
Problem is lots of Pakistani do not understand difference in Income tax and Sales tax. When a company pay sales tax that sales tax actully they have collected from their own clients and customers who bought something from them as a value added tax. i.e
I am not sure what is the percentage of Sales tax on the products in Pakistan but here I can show you the example.
If a company is selling a product for Rs. 100 and the sales tax is 15%. When they sell that product they charge form the customers Rs. 100 + 15% (Sales tax) = Rs.115.
This mean that sales tax was paid by the customer not the company. At the end of the year company pay that sales tax which they collected from their customers to FBR as a sales tax. Actully that sales tax was paid buy the client or customer of that company not comapny itself.
Here Mian brothers are trying to mix both taxes and trying to make everybody fool.
@usman khalid childish comment you own a factory?
Is it Tax? seems like Zakat. immi (IK), you will easily handel the brovaz now as they are very much scared. What have they given to Punjab for 3 years or before 99? Shall we talk about real estate owned by Sharifs and Dars (his son and Ishaq Dar)? Ooops, Dar is confidential. Dar Saheb, you own some high value real estate in Dubai and consider it good invetments. Can you tell us where did you get the money from? from your Samdhi- Sharif?
@Usman Khalid you gave 75lakh rupees tax as an engineer? now that's a stretch even by PTI standard
It's combined tax. Talk about income tax. Sales tax is paid by Sharif brothers companies customers.
i am just an engineer and i give the same amount in tax as these guys are giving, and am living in small place my friends.
How can one be sure that the figures at the FBR were not "doctored" or fudged? That the supposed revenue collector was not paid a big sum of money to misdeclare the figures?
Nawaz Sharif paid 5000 tax in 2008, while shahbaz paid zero. Now during the last 2-3 years their businesses have increased so much that they r paying millions of tax. Infact they paid millions of tax this year because of pressure from imran khan. thanks imran.
Mian Brother's taxes increase or decrease with rise and fall of thier businesses. Each year is different from previous one. Secondly to find out their hidden wealth and correct tax amounts is a job of federal authorities and Mian Brothers have no control on them. As politicians, stealing taxes would be the last thing they would ever think to do. Imran Khan's most important job is to find atleast one seat in federal structure. Access to Mian Brother's tax files is his dream, which is not going to realize in near future.
i think these r all details of sales tax and with holding tax and other government taxes on production but what r there real income and what the income tax they have paid this is a real question don;t try to make fool with people common people don't know that tax on production is some thing else and income tax is some thing else
I am not a PTI fan but sure like the way they are following their manifesto. Unlike others who are ruled by feudal and Landlords. and people like Ch.Dad saab follow them without even knowing the 'manshoor' and its implementation by these leaders.
The real issue is that how much personal income tax have Mian Brothers and their families paid prior to the year 2009. The personal income tax figures they have released are for 2010-2011 and that is just due to the media and PTI asking them questions about it. Too late for Mian brothers to change figures. Let's check how much income tax have they paid since 1947 to 2009. Figures should not include excise duty and sales tax of their factories and then we would know how honest they are to Pakistan.
@fahad: "Shahbaz Sharif paid a tax of 6 lac in one fiscal year" 6 million means 60 lakhs NOt 6 lakhs.
These taxes include Excise and Sales Tax... taxes that the consumers pay... tell me about the Income Tax that they Paid..........!!!!!!!!!
Now is the turn of PPP(Sindh)....
Why Shahbaz Sahrif Income Tax increased so much during last year from few lac to few millions (Even tat is less). Imran Khan pressure is working PTI and IK Great work :)
Poor Nawaz and Shahbaz
and why Shahbaz TAX jumped so much in 2011? from few lac to few million??? that shows Imran Khan Pressure is working :D
Bravo Imran Khan
PTI torus refuse to Believe when provided with facts. Theres no point showing them tax records!
PTI and Imran Khan should concentrate more on PPPP's (PTI's silent partner in politics) assets and taxes.
One thing that no one has been able to answer yet, is where the money came from to start the London business run by Hasan Sharif. This was not answered by S.Sharif on geo program yesterday, nor by ch.nisar when asked about it on kashif abbasi interview on 15th nov. In fact, ch.nisar even said that he will find out and get back in "shortest time possible". Still waiting for answer....
It's the end of Imran's blame-game... This may also prove to be a full stop against Imran's politics...!
IK should focus on poor people of Pakistan, giving too much weight to Mian Brothers would benefit them by the end, as they are capable enough to cover the allegations. IK has stepped in personal politics just like the past. So where is the change? IK should have ask to Mr. Pasha and Kiyani as well for their assets :)
I'm going to leave PTI and joining PML(N)
Great. They have challenged IK to in court regarding assets. i hope so he vl never go.
Why the tax dept doesnt have the records of missing years?? becuase they didnt paid in that years and why there is sudden increase in the taxes in 2010-11?? - I would like to ask Ch. Nisar that he was complaining that IK tax return was 1.8 million last year from where did he earn that money, so my question is can he answer why Mian brothers tax has increased in these last 2 year??
@Ch Allah Daad:
Ch sahab you seem to be a person of close acquaintance with the shairf brothers. How can you say they've been paying more taxes than ik? It is like comparing me and my industries to those of tata and birla's of India. I own a couple of factories and have paid more tax than these sharif brothers combined. Whereas IK does not own any factories ;he earns mainly from the proceeds of writing articles and endorsing a brand--like he did in the pepsi commercial. Kindly get your facts together and then come up with a generalized statements as you have made. Thank you
if there assets and tax declaration is not true, please go to FBR and check yourself instead of ranting on the blogs. its easy to get to know how much "income tax" they have paid and how much "corporate tax" and other taxes they have paid. it was categorically said that they paid income tax of 2.5 and 5 million respectively and 400 million which include all the other taxes like corporate, excise etc. it was all shown on yesterday program with sana bucha... please watch it carefully and still if you have confusion then better tell your IK to go to the courts and accept Shahbaz sharif challenge. please dont say that these courts wont do anything to Shariifs, these are the same courts that PTI accept and IK said many times that these courts are independent.
I couldn't stop a tear rolling down my cheek on reading this! The Sharifs are so poor I pity them!!
You guys give this asset declaration crap too much thought for what the situations are. You can debate legality of it all you want but the outcome should be immediately very black and white. Nobody is going to publicly declare their assets without first consulting a great deal of financial counsel that specializes in such things. That means the moment it hits the public view, you can pretty much just rest assured that what you see is legal. That doesn't mean the numbers were questionable and criminalizing just a few hours before the release, though. There's really just not a lot to argue about in terms of their validity.
Well, if anyone has any issue, he/she can go to court and challenge the assets/tax deposits. Doing so will not help in any way, reason being, there are lot of legal ways to get away with taxes that can't be challenged and multi-nationals also adopt those ways. Therefore, it is the tax system that has to be revamped and people encouraged to deposit taxes. The other successful way of tax collection is GST or at-source tax deduction. This method can be improved to increase the tax collection. On the other hand, if we examine, the same tax payer is paying taxes and only on him the percentage is increased. For the ones who are not paying taxes or are doing corruption by stealing government resources are continuing to do so and no action is being taken against them.
There seems to be a lot of disparity in the figures.. I mean lets just take "Hudaibiya Engineering Co. (pvt.) Ltd" which has paid Rs91.83 million between 1994 and 2010. And last year alone, it paid Rs18.3 million only. I mean if you compare tax paid last year is 20% of the total paid since 1994 to 2010, which is 16 years. 20 percent was only paid last year. The sort of empire these guys have, the amount of tax paid is peanuts compared to their total net income.
Even a VP in a local bank pays more tax than Nawaz Sharif.....when you talk about Corporates paying tax.....pls talk about excise and sales tax. This is not paid by the corporate by the consumer....so, pls clarify
@Ch Allah Daad:
Thanks to Imran. Now at least Mian Bros will pay taxes regularly. That is what the PPP Govt wanted.
Imran khan has always talked about 'income tax'!! The figures quoted above include the sales tax and excise that is paid by the sharif's businesses and not the income tax he has paid himself. For heaven's sake, understand the fact that these people are and never were sincere to Pakistan. Getting rid of them is the only viable option now.
why did their taxes increase so drastically in the last year. How did their taxes increase from a few lacs to millions in the last year alone.
but tax records are not available....ROFL
Shahbaz Sharif paid a tax of 6 lac in one fiscal year....even I pay more than that.
And Sales tax is not tax paid by the business, its the tax paid by the consumer. So stop calling sales tax as tax that you've paid.
Its a clear cut case of corruption. Can they justify their wealth with the amount of tax they are paying.
IMpotant NEWS: Nawaz Sharif pay Rs 2.5 Million tax annually, this mean he earn some 9lac/month monthly. His lavish way of living cannot justify his earning.
Simple people of Pakistan thinks that Rs 2.5 million tax is too much but if you ever move in business tycoon like Sharif family you will know that this tax is nothing and cannot justify their lifestyle.
My Simple Pakistanis please think rationally.
We should come out of this asaas of imraani siyasat ... It will end up nowhere ... Ponder over more critical issues of pak ... Judiciary is there, FBR is a federal department - go there and prove your points instead of doing media trial for cheap political stunts ...
so Nawaz is treating corporate tax as his personal tax, are we stupid?
par bahi who did u get all of this while rest of Pakistan declined, you business grew. Your companies must have some amazing managers and directors
Imrans taxes exposed
http://www.youtube.com/watch?v=EoS87oYGP3A
Nice to see that Sharif brothers have paid "some" income tax mostly last year. I still want to see how much if any tax has been paid by great Kaptan? Did he pay any income tax or not?
Nawaz declared Chaudhry Sugar Mills as his ONLY asset. What a joke !
Imran khan cant be the investigator prosecutor and the judge at the same time . He has declared his assets and taxes and shareefs have declared theirs. PMln has asked for a judicial body to validate the veracity. watch suleman shehbaz his reply lyesterday which contains answer of every question. Last but not the least the model twon residences were owned by mian sharref for the last 40 years when he was never in the power and similarly raiwind farm ouse is also owned by mrs mian shareef.
http://www.zemtv.com/2011/12/04/lekin-4th-december-2011/ First listen and then respond.
Shahbaz Sharif's son came on t.v and said he invested Rs 2 BILLION last year. Even this amount generates 400 million rupees of income tax. If they are paying 2 million instead of 400 million they are committing crime. This means NS is keeping 398 million rupees to himself instead of giving it to the government as income tax.
And what about this BBC documentary???.."From Pakistan to Park lane (Via Ilford).... http://www.youtube.com/watch?feature=player_embedded&v=Mabt6HlW7tI#!
Imran has been saying in one rally after another that Nawaz Sharif just pays 5000 Rs. in tax. Looks like he pays 500 times that amount. How much tax does Imran pay by the way.
and 2.5 million is still not enough, considering ur wealth and assets. Even Imran khan paid 1.8 million last year...
Do not talk about sales tax paid by ur companies. Even a common business man's business pays it. Talk about ur income tax. I mean ur assets are growing each year and taxes only 5000??.. why??? please please please....... stop making this nation fool and by the way, we appreciate that u have paid more than 5000 in 2010, and thats probably because of being under pressure of constant media watch and having good investigative journalists like Ansar abbasi, who had earlier exposed ur assets and tax evasion.
but what about that 5000 tax issue and ur tax evasion in 1990??? http://www.youtube.com/watch?v=GLh9OtoWJC4
haha finally mian brothers are paying some to state after sucking the blood of the nation for past 30 years all credit goes to IK again salute to him :-)
yeah this is true that in front of Mian Brothers IK is nothing because mian brothers are rich from there forefathers ! & taxes they paid are 100% ryt
lol... this was hilarious !!! "Chaudry sugar mill is Nawaz’s only asset?!" it also proves the credibility of numbers and how good their Tax expert is :)... Mian sahab jan deyoo...
... what these gents pay as taxes is a pittance against what they actually own.and earn ...
As citizens of Pakistan we should all speak from that stand point ... not as citizens of Khuda Bux fiefdom, Zaman Park, or Jaati Umra fiefdom ..
... we are no personal servants of these guys ....
It seems that under pressure of Imran Khan, Mian brothers have started paying some income tax. Still, considering their standard of living, it is peanuts. And I am not sure till they give hard evidence. They need to confirm that figures mentioned are for this specific year or also include arrears. As for the taxes paid by companies, please do not try to fool the nation. They are indirect taxes passed on to the common man. Do not try to take credit for them.
Chaudry sugar mill is Nawaz's only asset?!
@Ch Allah Daad: Nobody is doing anybody a favor. If you are one of the top ten richest Pakistanis you are expected to pay higher taxes. My only question is this: why did Mr. Sharif's taxes increase from average of $0.68 million for '09 & '10 to $6.43 million...does it mean that his ownership grew by 10 times in one year (in that case even Warren Buffet might envy Mr.Sharif's portfolio performance) or is it because of higher retained earnings / losses incurred...or is that they were evading taxes before and started paying recently because of growing political blowback concerns?
These amounts are nothing compared to their wealth, real estate( coutesy of Sohail Zia Butt's qabza group), their mills and businesses. This amount is less than the property tax due on only one of their commercial buildings in Lahore and not even be enough for the property and luxury tax on Shahbaz's 12 kanal house in Model Town Lahore. The most interesting part is the sudden increase in the Sharif family's tax paying abilites in a year. Their businesses are certainly booming at a time when the rest of the country's economy is in turmoil and this may be contributed to by the Ittefaq groups' Indian investments. The one thing Ch Allah Daad will have to acknowledge is that Imran Khan's criticism is the factor that has added 7.5 million rupees to the National Exchequer from the Dengue brothers who are reported to buy wrist watches worth rupees 16 million each.
look at mian's hand gesture..... he just want gulab jamun!!
Looks like the bottomless pockets of the Sharif brothers are finally producing some results in the print media. The media should thank IK because now they will be getting a lot of cash offers from PML-N for running stories like these.
Sales tax? Excise?
Taxes paid by Mian Brothers and their businesses are hundreds of times more than Imran Khan and all PTI leaders combined. If PTI has any honour, it will not discuss this thing again.