LAHORE: The Federal Board of Revenue is going to move the court against has Pakistan WAPDA Foundation for not paying Rs 1.5 billion taxes.
The FBR’s Directorate General of Intelligence and Investigation-Inland Revenue is filing case against Wapda for non-payment of sales tax and income tax despite carrying out multiple business activities.
The foundation is engaged in multiple business activities including manufacturing & supply of transformers, assembly of transformers, operating petrol pumps at various locations, and operating vehicle repair & transformer reclamation workshops etc. Since the foundation was neither registered with the sales tax nor income tax, the intelligence agency examined the case from the point of taxation under the relevant laws.
