The Federal Board of Revenue (FBR) is set to issue final tax notices to millions of non-filers as part of a robust effort to boost compliance. Starting October 1, the FBR will launch a significant crackdown aimed at reaching its ambitious annual tax target of approximately Rs12,970 billion.
To encourage compliance, the FBR may impose travel restrictions on non-filers and plans to disconnect mobile SIMs, electricity, and gas services for those who do not meet their tax obligations. Taxpayers are reminded to submit their income tax returns for the financial year 2024 by September 30 to avoid facing double withholding tax rates.
The FBR will focus on ten key sectors in this initiative, including retail, wholesale, transport, real estate, construction, health, and education. Officials have stated that they have comprehensive records of citizens’ transactions, which will aid in identifying non-compliance.
Additionally, a potential ban on the sale and purchase of property and vehicles by non-filers is being considered. Following the deadline, the FBR plans to conduct thorough audits, with significant penalties for tax evasion or the submission of false information.
This crackdown underscores the FBR’s commitment to enhancing tax compliance as part of its broader goals for economic stability and growth.
