The Federal Board of Revenue (FBR) is set to introduce stricter regulations, barring non-filers from international travel, except for religious purposes. As part of its new reforms, the FBR will eliminate the non-filer category and ensure all financial transactions go through formal banking channels to better control cash flow.
Under these new rules, only tax filers will be allowed to make major financial moves, such as buying property or cars, investing in mutual funds, and opening current accounts.
FBR Chairman Rashid Mahmood Langrial stressed the importance of distinguishing between compliant taxpayers and non-filers. He pointed out that Rs. 25 billion was collected from non-filers last year, leaving significant revenue untapped.
Also read: Pakistan’s FBR Demands Over Rs.200 Million In Income Tax From Netflix
Low-income individuals with basic bank accounts will remain exempt from these restrictions.
The reforms aim to increase tax compliance and reduce the informal economy, encouraging more people to become registered tax filers.
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