MULTAN: The Federal Board of Revenue (FBR) has issued directions to Multan Regional Tax Office to take strict actions against the cotton factories and oil mills on non-payment of taxes.
The owners of cotton factories and oil mills were not ready to pay their payable taxes due to 5 percent newly imposed tax on cottonseed cake as the government has refused to withdraw taxes after a comprehensive dialogue between government and mills associations.
You might also like
The FBR has initiated disciplinary actions against officers who were not taking any action against the mill owners.
It was revealed in the audit that some officers were involved in not applying SRO-602 of FBR for not collecting taxes from cotton factories and oil mills. The audit officer Asif Nadeem was assigned the task to collect cottonseed cake tax from the oil mills and cotton factories.
Due to negligence of regional tax officers, the Multan Regional Tax office has been facing tax deficit.
The regional tax officer has raided different oil mills and cotton factories, seized records of crushing and production and collected more than Rs 3 million in the first day of collection.
Due to strict instructions from FBR, regional tax officers have speeded up recovery from the oil mills and cotton factory owners.
