MULTAN: The Federal Board of Revenue Regional Tax Office Multan has seized the 15 various bank accounts of Multan Electric Power Company (MEPCO) on non-payment of taxes.
Multan Electric Power Company (MEPCO) who is one of the major defaulters of the Regional Tax Office Multan. MEPCO has almost alleged outstanding taxes of Rs.12 billion in wake of sales taxes. Said company have also unpaid assumed Rs.12 billion in terms of Income taxes and alleged defaulter of almost Rs.400 million against Federal Excise Duty to Regional Tax Office Multan.
Multan Electric Power Company is continuously using delaying tactics for the payment of their due taxes to Regional Tax Office. The Federal Board of Regional Tax Office has issued several notices for the collection of their due taxes to MEPCO but they have not replied yet. The Regional Tax Office Multan authorities took special permission from Federal Board of Revenue to initiate action against them for recovery of outstanding tax amount and Multan tax authorities took strict action against them after getting green signal from High Ups.
Commissioner Regional Tax Office Multan Zubair Bilal formed special team to take strict action against MEPCO which have seized almost 15 various bank accounts and recovered almost Rs.1.2 billion amount outstanding amount from their account after seizing it.
The payment of taxes from MEPCO is pending from few months and Regional Tax Office was facing severe issues in meeting their assigned targets and they decided to take strict action them to recover huge amount of taxes to alert big fishes for the payment of their outstanding taxes.
