Federal Board of Revenue (FBR) has introduced a decisive crackdown on non-filers, beginning October 1, as a part of its efforts to gain an annual tax goal of approximately Rs12,970 billion. Final tax notices could be issued to hundreds of thousands of non-filers as the FBR seeks to beautify compliance.
According to FBR sources, restrictions may be imposed on non-filers visiting abroad, and strategies are in location to disconnect mobile SIMs, strength, and fuel offerings for those who fail to meet their tax responsibilities. Taxpayers are required to post their profits tax returns for the economic yr 2024 by means of September 30, or they may face double withholding tax charges.
The FBR plans to goal ten primary sectors in its crackdown, which include retail, wholesale, shipping, actual property, construction, fitness, and schooling. Officials have indicated that the FBR possesses complete information of citizens’ transactions, allowing them to pick out non-compliance successfully.
Furthermore, a proposed ban on the sale and buy of belongings and cars with the aid of non-filers is underneath consideration. After the deadline, the FBR intends to conduct huge audits of taxpayers, with heavy penalties for tax evasion or submission of false facts. The FBR’s commitment to improving tax compliance reflects its broader desires for monetary balance and growth.
