Islamabad, Pakistan: Finance Minister Senator Muhammad Aurangzeb has announced that the government will eliminate the term “non-filers” and impose strict penalties on individuals who fail to declare their income.
The government has gathered extensive data on non-filers and plans to restrict their ability to access essential services. These restrictions may include limitations on travel, banking transactions, and property ownership.
The finance minister stated that the government aims to reduce the tax burden on salaried individuals while expanding the tax net to cover previously untaxed sectors. Express Tribune
Addressing concerns about the IMF loan, the finance minister said that the government has implemented comprehensive economic reforms and is committed to achieving long-term economic stability. He emphasized the need to increase the tax-to-GDP ratio to avoid future IMF programs.
The government’s crackdown on non-filers is a crucial step towards improving tax compliance and increasing revenue generation. By expanding the tax base and reducing the burden on salaried individuals, the government aims to create a more equitable and sustainable tax system.
