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HomeBusinessFBR announces penalties for non-filers, including SIM and utility suspension

FBR announces penalties for non-filers, including SIM and utility suspension

To increase tax compliance, Federal Board of Revenue (FBR) Chairman Zubair Tiwana informed the upper house that non-filers risk having their SIM cards, gas, and electricity connections suspended.

Additionally, the Senate’s Standing Committee on Finance and Revenue has approved a proposal to impose a foreign travel ban on non-filers.

The FBR Chairman also mentioned that a higher withholding tax rate has been approved for non-filers. He noted that the non-filer list includes 500,000 individuals with annual incomes exceeding 2 million. “We must eliminate the non-filer category in the country,” stated Finance Minister Muhammad Aurangzeb earlier on Geo News.

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