Pakistan stars warned on tax

2012-06-26 14:04
Misbah-ul Haq (Gallo)

Islamabad - Pakistan on Tuesday warned cricket stars against submitting tardy tax returns, rubbing salt in their wounds after they lost the first Test to Sri Lanka.

The Federal Board of Revenue (FBR) issued notices to Test and one-day captain Misbah-ul Haq, Twenty20 captain Mohammad Hafeez, Azhar Ali, Taufeeq Umar, Umar Akmal and Wahab Riaz.

"We have issued notices to six cricketers who have either not given correct statements or have not filed their returns and directed them to do so within 30 days," Riffat Shaheen, FBR spokesperson said.

Misbah missed the first Test owing to a suspension following the fifth one day against Sri Lanka earlier this month, while Akmal and Riaz are not in the Test squad.

Pakistan's tax revenues are among the lowest in the world at just 9.8 percent of GDP in fiscal year 2010-2011, says the Asian Development Bank, and less than two percent of the population pays tax on their income.

The country has long defied Western pressure to end tax-dodging and the IMF in 2010 halted a $11.3 billion assistance package over a lack of progress on reforms, principally on tax.

The FBR says Riaz does not have an national tax number while Hafeez, Akmal and Taufeeq failed to submit their tax returns for 2010-2011. Misbah submitted statements only for 2010 and Ali did not declare his complete earnings.

Cricketers earn tens of thousands of dollars in contracts, endorsements and match fees.

Since the Pakistan Cricket Board raised pay last month, players earn between $3 400 and $1 300 a month depending on their category.

Those who appear in the three formats of the game also get a match-fee, with the top eight players getting $4 000 a Test, $3 800 for a one-day and $2 900 for a Twenty20 international.

Read more on:    misbah-ul haq  |  cricket

ECB chief mulls 4-day Tests

2015-03-31 20:07


Read News24’s Comments Policy publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Add your comment
Comment 0 characters remaining
Live Video Streaming
  • Blitz
    Mon, 24 Nov 2014 @00:00
  • SS1
    Mon, 24 Nov 2014 @01:00
  • SS2
    Mon, 24 Nov 2014 @02:00
  • SS3
    Mon, 24 Nov 2014 @03:00
Video Highlights
Sport Talk

Love 2 Meet

Got something you'd like to get off your chest? Got a burning desire to air an opinion? If so, be sure to sign-up on Sport24's FORUM!

Latest blogs

Australia won their fifth Cricket World Cup over the weekend. Does it leave a bitter taste in your mouth that the Proteas didn't get to play them?

Twitter Follow Sport24 on Twitter

Facebook "Like" Sport24's Facebook page

Newsletters Sign up for the Morning Glory, Super 15 and Soccer newsletters

WIN Enter and win with Sport24!

Mobile Sport24 on your mobile phone - WAP, alerts, downloads, services

Forum Have your Say on Sport24's brand new Forum!

BlackBerry Stay in the loop on your BlackBerry

iPhone Latest Sport24 news on your iPhone

RSS Feeds Sport news delivered really simply.

Blogs Yes your opinion counts. Get it out there

There are new stories on the homepage. Click here to see them.