Faisalabad: The Regional Tax Office has imposed penalties worth PKR 213 million on 3,559 companies that didn\u2019t file tax returns during the year 2015-16, according to a news report. This is the first time that notices of penalties have been sent to such a large number of companies. Separate action will be taken against companies that failed to pay the taxes.<\/p>\n
A total of 3,559 companies have been penalised and they have been instructed to make the due payments. During the previous fiscal year, all non-filers were sent notices for the filing of their returns. On non-compliance, every company has been penalised PKR 5,000 per month, which amounts to a total of PKR 60,000 for delays during the past 12 months.<\/p>\n","protected":false},"excerpt":{"rendered":"
Faisalabad: The Regional Tax Office has imposed penalties worth PKR 213 million on 3,559 companies that didn\u2019t file tax returns during the year 2015-16, according to a news report. This is the first time that notices of penalties have been sent to such a large number of companies. Separate action will be taken against companies that failed to pay the taxes. A total of 3,559 companies have been penalised and they have been instructed to make the due payments. During the previous fiscal year, all non-filers were sent notices for the filing of their returns. On non-compliance, every company has been penalised PKR 5,000 per month, which amounts to a total of PKR 60,000 for delays during the past 12 months.<\/p>\n","protected":false},"author":57,"featured_media":34993,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[],"tags":[6052],"persona":[],"class_list":{"0":"post-36810","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"tag-penalties-imposed-on-not-filing-sales-tax-returns"},"acf":[],"yoast_head":"\n