14 business premises sealed, millions recovered: PRA

LAHORE, Jun 15 (APP): Punjab Revenue Authority (PRA) has continued its enforcement operations against tax evasion and non-compliance across the province.

During recent actions, enforcement teams sealed 14 business premises for record tampering and non-payment of taxes, recovered millions of rupees in outstanding dues and issued warning notices to several taxpayers found violating tax laws, the PRA Chairman Moazzam Iqbal Sipra disclosed this to media here Monday.

In Lahore Division, outlets of five renowned food chain were sealed for manipulation of tax records. Meanwhile, in Rawalpindi Division, the offices of ten property developers and builders were sealed over non-payment of taxes. The enforcement actions are part of PRA’s ongoing efforts to ensure tax compliance and protect public revenue.

Moazzam Iqbal Sipra stated that heavy penalties have also been imposed on businesses involved in fraudulent tax returns and failure to file returns on time. He warned that bank accounts of persistent violators would also be frozen to recover outstanding penalties and tax liabilities.

He further said that a special enforcement campaign is underway throughout Punjab to ensure immediate recovery of due taxes. Notices are being issued to businesses and individuals involved in tax evasion and fraudulent practices that cause losses to the national exchequer. The Chairman reiterated PRA’s commitment to take strict action against all those who attempt to evade their legal tax obligations.