ISLAMABAD: The Federal Board of Revenue (FBR) busted a major network involved evading billions of rupees in taxes through ‘benami’ sales, officials said.
According to media, the FBR officials said that several sugar and textiles mills, and other major enterprises had been evading taxes worth billions of rupees.
The officials said these enterprises had been dodging the revenue authority by evading income and sales taxes through these ‘benami’ sales.
“The scheme was being used to hide earnings and evade sales tax of entire supply chain,” they said. “The FBR has widened the scope of its investigation into the matter.” Sugar and textile mills owners has also been evading taxes by showing lesser sales, the officials added.
