The Federal Board of Revenue (FBR) has announced the elimination of the non-filer category and the introduction of 15 restrictions aimed at those who do not pay taxes. Initially, five restrictions will be enforced, which include limitations on property purchases, vehicle acquisitions, international travel, opening current accounts, and investing in mutual funds.
This move is part of the FBR’s strategy to target non-filers and increase tax compliance while broadening the tax base. By removing the non-filer category, the FBR aims to incentivize tax registration among individuals and businesses.
The initial restrictions are as follows:
- Property Purchases: Non-filers will be restricted from buying property.
- Vehicle Purchases: Acquiring vehicles will be prohibited for those in the non-filer category.
- Investment in Mutual Funds: Non-filers will not be allowed to invest in mutual funds.
- Opening Current Accounts: They will face restrictions on opening current bank accounts.
- International Travel: Travel outside the country (excluding religious travel) will also be limited.
These measures reflect the government’s commitment to improving tax compliance and expanding the tax net in Pakistan.
Read More: Updated Passport Fees in Pakistan (September 2024)
