The Federal Board of Revenue (FBR) has introduced another strict step for non-filers, as banks have now started sharing credit card records with the tax authority. According to the new update, if you are using a credit card and spending more than Rs2 lakh a month without filing your taxes, your name will be added … Read more
Islamabad: The federal government has relaxed restrictions on non-filers purchasing high-value assets, aiming to improve compliance and stimulate economic activity, announced by Finance Minister Muhammad Aurangzeb Initially, the government proposed a sweeping ban on individuals without a declared income supporting major transactions such as buying homes, cars, or making large deposits. However, under new directives, … Read more
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 … Read more
