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Non-filers of taxes barred from buying new cars, property over PKR 4 mn - Zameen News

Non-filers of taxes barred from buying new cars, property over PKR 4 mn

April 30, 2018 • news

Karachi: In the announcement of the federal budget 2018-2019, it was declared that non-filers of taxes would not be allowed to purchase property worth over PKR 4 million, according to a news report. The budget also put restrictions on buying new motor vehicles if their names do not appear on the active taxpayers’ list (ATL) of the Federal Board of Revenue (FBR).

This was also corroborated in the Finance Bill of 2018, with the proposal to be under effect on July 1, if passed by the National Assembly. Pakistan’s laws state that anyone earning over PKR 400,000 per year has to file income tax returns. However, out of a population of 207.7 million, only 1.26 million returns were filed last year. These measures have been taken to improve the situation and motivate people to file their taxes.