FBR decides to launch a strict crackdown against non-filers starting October 1

Starting October 1, the Federal Board of Revenue (FBR) will initiate a rigorous enforcement campaign against non-filers. This includes implementing travel restrictions for those not complying, among other actions.

An FBR senior official indicated that after October 1, the board will enforce strict measures with the goal of reaching an annual tax revenue target of around 13 trillion rupees. As part of this initiative, millions of non-filers will receive final tax notices.

The FBR also noted that travel restrictions for non-filers could be implemented, alongside plans to disconnect mobile SIMs and utility services for electricity and gas.

There is also a proposal to prohibit non-filers from engaging in property and vehicle transactions.

Income tax returns for the fiscal year 2024 are required to be filed by September 30.

Non-filers will incur double withholding tax. Additionally, comprehensive audits of taxpayers will be conducted post-deadline.

Sources reveal a plan to generate billions in tax revenue from ten major sectors, including retail, wholesale, transport, real estate, construction, health, and education.

The FBR holds comprehensive records of citizen transactions, and significant fines will be levied for tax evasion or misinformation.

To achieve the ambitious tax target for the fiscal year 2024-25, the government has allocated an extra Rs34 billion for the modernization of the FBR.

The FBR has recently announced plans to involve intelligence agencies to identify officers engaged in corruption.

As part of its strategy, the government intends to collect Rs450 billion through enforcement actions, aiming to digitally capture Rs48 trillion in service sector supplies over the next three months.

Prime Minister Shehbaz Sharif has endorsed the FBR's efforts, which are considered crucial for achieving the annual tax target of Rs12.97 trillion.

Pakistanify News Subscription

X