Friday, April 25, 2025
-Advertisement-

FBR Intensifies Crackdown Against Tax Evaders

- Advertisement -

The Federal Board of Revenue (FBR) is intensifying its crackdown on tax evaders, with reports indicating that arrests have been made following the registration of First Information Reports (FIRs) against non-compliant companies and individuals. This marks a notable shift in the FBR’s approach to tackling tax evasion in Pakistan.

Sources reveal that the FBR has compiled comprehensive lists of tax evaders to accelerate the enforcement process. Tax commissioners have been tasked with issuing show-cause notices to those found in violation of tax regulations.

- Advertisement -

FBR officials expressed confidence that these new measures will significantly reduce tax evasion, making it increasingly difficult for individuals to conceal their tax returns. They stated that non-filers will face restrictions on conducting business transactions, purchasing property, or acquiring vehicles.

FBR to Suspend SIMs, Electricity &; Gas of Non-Filers; Senate Backs Travel Ban

Additionally, it is important to note that the government has extended the deadline for filing income tax returns for the tax year 2024 to October 31. This extension offers another opportunity for those who missed the previous deadline of October 14 to fulfill their tax obligations.

- Advertisement -

Stay updated with the latest and breaking news directly on your mobile phone by joining Headline PK's WhatsApp group!

 

 

Latest stories

-Advertisement-

Highlights of the Week
Related

Indian Soldier Detained After Border Breach as Pakistan Closes Airspace and Cancels Visas

An Indian Border Security Force (BSF) soldier has been...

Fertilizer Supply Disrupted: Sindh Blockades Threaten National Food Security

Pakistan’s fertilizer supply chain is facing severe disruptions as...

Saudia Unveils Exclusive Amenity Kit Collection in Collaboration with the Iconic ELIE SAAB

Saudia, the national flag carrier of Saudi Arabia, proudly...
-Advertisement-
Join our Whatsapp Group for Exclusive News!
Join our Whatsapp Group for Exclusive News!