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Finance Minister Shares More Bad News For Non-Filers

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Legal Editorial Desk
Finance Minister Shares More Bad News For Non-Filers
Federal Minister for Finance and Revenue Muhammad Aurangzeb on Tuesday said that non-tax filers will have to face restrictions on purchasing property, vehicles, and opening a bank account. The government is taking serious measures to expand the tax network in the country and for this, some restrictions have been imposed on non-filers, he said while talking to a private television channel. The wholesale sector, distributors, retailers, and real estate would be properly brought into tax-net, he said. Subsidy on wheat and sugarcane would be reduced through a phase-wise system, he said. In reply to a question, he said, we have decided to implement tax uniformity in all the provinces of Pakistan. All the provinces would sign new financial agreements to strengthen the system, he said. To a question about increasing the number of tax filers, he said, 500,000 more filers have been brought into the tax net this year. Through NADRA and other resources, we have received the data of the people, he said. He made it clear that high-income earners would have to pay proper taxes to the government.
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Authored and reviewed by the corporate law and tax litigation practice group at Javid Law Associates. Our team comprises High Court advocates, corporate legal advisors, and authorized tax practitioners across Pakistan.

Advocates High Court & Tax Counsel Jurisdiction: Pakistan

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