ByIslamabad, Pakistan: The Federal Board of Revenue (FBR) is taking a significant step to eliminate the category of non-filers and mandate all individuals to route transactions through banking channels. This move aims to curb cash flows in the economy and enhance tax revenue collection.
The FBR Chairman, Rashid Mahmood Langrial, emphasized the need to eliminate the concept of non-filers and ensure that all individuals file their tax returns. He warned that failure to address this issue would hinder the government’s ability to collect taxes, even with new tax measures. Dawn
The FBR plans to implement several measures to achieve this goal, including:
Digitalization: The FBR will promote digital transactions and track financial flows to identify non-filers and assess their taxable income.
Restrictions on non-filers: Non-filers may face restrictions on financial transactions, such as opening bank accounts or investing in securities.
Increased scrutiny: The FBR will conduct thorough scrutiny of individuals’ financial transactions to identify potential tax evasion.
Sector-specific focus: The FBR will target specific sectors, such as textile and cement, which have been identified as having significant tax gaps.
The FBR has invited feedback from the business community on its proposed measures and is committed to working collaboratively to improve tax compliance and reduce the tax gap.
The government’s decision to eliminate the non-filer category is a significant step towards strengthening the country’s tax system and ensuring that all individuals contribute their fair share to the economy.
