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.
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.
Prime Minister Shehbaz Sharif convened a high-level meeting of Pakistan’s National Security Committee (NSC) on…
An Indian Border Security Force (BSF) soldier has been taken into custody by Pakistan Rangers…
Meezan Bank, Pakistan’s first and largest Islamic bank, welcomed a high-level delegation from Malaysia to…
The six-day blockade of the National Highway in Sindh has brought local trade and industrial…
Pakistan’s fertilizer supply chain is facing severe disruptions as ongoing sit-ins and road blockades in…
Khushhali Microfinance Bank (KMBL) successfully concluded its participation in Pakistan Financial Literacy Week (PFLW) 2025,…
This website uses cookies.