ISLAMABAD: Pakistan's authorities are ramping up efforts to combat tax evasion with the introduction of new amendments to the Tax Law Amendment Bill 2024-25. The government is preparing to implement tougher measures aimed at expanding the country's tax base.
Under the updated amendments, non-filers will face significant restrictions in major financial dealings. The new rules will prohibit individuals who do not file taxes from purchasing vehicles with engine capacities exceeding 800cc.
In addition to vehicle purchase restrictions, non-filers will also be limited in acquiring properties or purchasing shares beyond a certain threshold. They will be unable to open new bank accounts or conduct specific banking transactions.
For unregistered businesses, the amendment includes stricter penalties: their bank accounts will be frozen, and property transfers will be restricted. The government will also have the authority to seize properties owned by unregistered individuals engaged in business activities.
Furthermore, individuals whose parents, children under the age of 25, or spouses are registered filers will be treated as filers for tax purposes.
The Federal Board of Revenue (FBR) will maintain and share a list of non-filers, ensuring that their accounts are frozen and that appropriate restrictions are imposed. These measures are expected to be enforced once a government notification is issued.
These steps reflect the government's commitment to improving tax compliance and expanding the tax base in Pakistan, where the tax net has traditionally remained narrow.
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