The Federal Board of Revenue (FBR) has issued a stern warning to non-filers, indicating that failure to submit income tax returns may result in severe consequences, including bank account suspension and travel restrictions both domestically and internationally.
Chief of Broadening the Tax Base (BTB), Muhammad Asif, highlighted the initiation of a nationwide survey targeting businesses and commercial units to identify non-filers for registration.
Non-filers are strongly advised to register promptly at their nearest tax office to avoid penalties, fines, utility disconnection, and, in extreme cases, restrictions on movement within the country and abroad.
The FBR’s ongoing efforts involve surveys and data collection nationwide, with gathered information on businesses and commercial activities soon to be available on the FBR website.
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With Pakistan’s limited tax base, where only approximately 5.2 million people are registered in the tax system, the FBR aims to add an estimated 1.5 million new taxpayers this year.
The Director of BTB emphasized the accessibility of third-party data acquisition, known as “MALOMAAT,” on the FBR website, containing information on hundreds of thousands of financial transactions of individuals currently outside the tax net.
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Muhammad Asif concluded by urging prompt action, stating that non-compliance will lead to inclusion in the tax net in the coming weeks and days.
The FBR emphasizes that acting promptly is in the best interest of all concerned parties to avoid potential consequences outlined by the tax authority.
