Islamabad: The government has presented the Tax Law Amendment Bill 2024-25 in the National Assembly in a bid to tighten the noose around non-filers.
According to the proposed amendment to the bill presented in the National Assembly, non-filers will be banned from buying vehicles over 800 cc, non-filers will not be able to buy property beyond a certain limit, and non-filers will also be required to purchase shares beyond a certain limit.
In addition, non-filers will not be able to open bank accounts, non-filers will not be able to make banking transactions beyond a certain limit, non-gailers will be allowed to buy motorcycle rickshaws and tractors, and the bank accounts of unregistered business people will be frozen.
If the proposed amendment is approved, unregistered business people will not be able to transfer property, the government will be authorized to seal the property and business of unregistered people,
The accounts of those whose names the FBR will issue a list of will be frozen.
Under the proposed bill, the ban will be implemented after the notification of the federal government. Bank accounts will be frozen for not registering for sales tax. There will be a ban on property transfer for not registering for sales tax. Sales tax will be unfrozen two days after registration.
In addition, after the approval of the proposed amendment, an appeal will have to be made to the Chief Commissioner to unfreeze the accounts. The filer’s parents and children, children up to the age of twenty-five, and spouse will be considered filers.
