A mini-budget developed by the Federal Board of Revenue (FBR) suggests severe penalties for tax defaulters, such as bank account freezing and the inability to acquire cars or real estate. The execution of these policies necessitated parliamentary approval.
The FBR encountered difficulties bringing 3.2 million shops inside the tax net as part of the continuous endeavor to expand the tax base, according to a report in Jang. This raised concerns about fulfilling targets for the July–September quarter, especially under the IMF’s Extended Fund Facility (EFF) program.
Among the 6 million return filers, the FBR found 2 million nil filers, according to high-ranking officials. The suggested actions included fining non-filers up to Rs. 1 million for filing inaccurate or partial returns and grouping non-filers into three categories.
