Non-filers to face music in federal budget

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2024-06-12T23:09:25+05:00 News Desk

A proposal has been made to impose additional taxes on non-filers in the federal budget for the fiscal year 2024-25.
According to 24NewsHD TV channel, non-filers will be charged for not responding to notices, and their electricity and gas connections will also be disconnected.
The process of blocking SIMs of non-filers will continue in the next financial year as well.
Well-placed sources in the Federal Board of Revenue (FBR) said that to increase tax collection in the budget, exemptions in sales tax, income tax, and customs duty will be withdrawn.
As per the proposals, the government will increase tax revenue by imposing a sales tax on petroleum products.
The sources mentioned that the FBR will increase tax revenue in the next financial year through its enforcement plan.
An increase in imports is expected to boost tax collections. Additionally, the proposal to impose an additional tax on the real estate sector is also being considered in the budget.


Reporter: Mian Kalim

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