Pakistan’s budget for 2024-25 was presented on Wednesday by Finance Minister Muhammad Aurangzeb.
With a heavy bailout IMF bailout package weighing on the government, increased taxes have been imposed.
The Federal Board of Revenue (FBR) has asserted strict actions against non-filers including disallowing foreign travel, No vacation abroad if you don’t pay your taxes.
While these people are barred from travelling as per the proposal in the Finance Bill 2024-25, Haj and Umrah travellers, minors, students, overseas Pakistanis and such other classes of persons categorised as non-filers are exempted.
The implementing agencies can face a penalty of Rs 100 million if they fail to block SIMs, utility connections or bar foreign travel of non-filers for first default and Rs200 million for each following default.
These impositions are put forward for people failing to show necessary evidence or submitting incomplete information pertaining to tax returns or not filing returns.
Traders and shopkeepers who did not register under Tajir Dost Scheme, will also be penalised while failure to register could result in imprisonment for six months or a fine, or both.
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