FBR decides to impose 15 restrictions on non-filers
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The Federal Board of Revenue (FBR) has decided to impose 15 new restrictions on non-filers, reported 24NewsHD TV channel on Wednesday.
Sources said that initially, only five restrictions will be imposed on non-filers who would not be able to purchase vehicles and property, while they will not be allowed to travel abroad.
Furthermore, the non-filers will not be able to open current account in any bank of the country and cannot make investments in mutual funds.
Moreover, the government will trace these non-filers with the help of latest technology and algorithms. The government in collaboration with State Bank of Pakistan (SBP) will enhance monitoring of non-filers income, business dealings and other suspicious transactions.
An ordinance will be promulgated after getting a nod from Prime Minister Shehbaz Sharif in this regard.
It is necessary to mention here that FBR collected Rs25 billion from non-filers during previous fiscal year.
Sources further said that Federal Board of Revenue will expand manpower and automation on different entry points of the country to curb smuggling.
Reporter: Kaleem Akhtar