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Reading: FBR will eliminate the non-filer category in order to further restrict tax evaders.
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Baner Club > Blog > Business > FBR will eliminate the non-filer category in order to further restrict tax evaders.
BusinessPakistan

FBR will eliminate the non-filer category in order to further restrict tax evaders.

First-time limitations include buying real estate, vehicles, and mutual funds.

Last updated: 2024/09/25 at 1:00 PM
Published September 25, 2024
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ISLAMABAD: In an effort to improve tax compliance and expand the tax base by eliminating the non-filer category, the Federal Board of Revenue (FBR) announced a number of restrictions on Tuesday that are aimed at those who do not file taxes.

First-time prohibitions include buying real estate, vehicles, mutual funds, creating current accounts, and traveling abroad, unless it’s for religious reasons.

People who previously paid a nominal charge to avoid paying taxes on these transactions will no longer be able to do so since the government is removing the non-filer category.

With an initial focus on these five crucial sectors, FBR Chairman Rashid Mahmood Langrial disclosed that persons who fail to file their tax returns would be prevented from engaging in 15 particular activities. These actions are a component of the transformation plan for the FBR.

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BanerClub September 25, 2024 September 25, 2024
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