LAHORE: Federal Board of Revenue issued arrest warrants for owners of Sika Paints in a huge tax evasion of Rs625million.
According to Customs Today, owners of Sika Paints have been defaulters from the fiscal year of 2013 to 2016. FBR has issued arrest warrants for Javed Iqbal and Muhammad for which a special team has also been formed to arrest them.
Federal Board of Revenue had issued many notices to Sika Paints but it did not pay any attention to solve the issue of heavy tax amount.
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