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By Jehangir Nasir | Published Sep 6, 2024 | 11:34 am
The FBR has also proposed a ban on purchasing immovable properties and vehicles, disconnecting their utility connections, and imposing heavy fines on filers who would file incorrect or incomplete returns.The policy measures have been proposed by FBR Member Inland Revenue (Operations) to strengthen enforcement and address tax non-compliance.
Member Inland Revenue (Operations) has proposed policy changes focused on curbing tax non-compliance, particularly among those submitting inaccurate or incorrect tax returns. These measures would apply across the board, including to Tier-1 retailers and manufacturers, and cover both Sales Tax and Income Tax.
The FBR believed these steps would be instrumental in strengthening our tax enforcement regime and achieving our fiscal targets. We look forward to discussing these proposals further and are open to any suggestions that may help enhance these policy measures for maximum impact.
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