Hefty fines imposed on 10 sugar mills for tax violations

The Federal Board of Revenue has imposed hefty fines on 10 sugar mills for tax violations as part of a campaign to improve compliance and similar action against 10 other mills is nearing completion, Dawn has learnt from official sources. After start of the sugarcane crushing season for 2024-25, the Federal Board of Revenue launched an improved production monitoring system for sugar. As a result of this drive, cash penalties were imposed on five mills each in Sindh and Punjab for tax violations. The FBR recovered millions of rupees in tax evasion and additional penalties from these mills. In addition, nine tax officials of the FBR found to be involved in malpractice and working in connivance with the mills to evade taxes, were suspended on the basis of reports from monitoring agencies.