Non-Filers to Get Opportunity to Explain Before Imposing Travel Ban

Table of Contents

Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb announced on Tuesday that income tax non-filers will have an opportunity to explain their position before facing a travel ban. Speaking in the National Assembly, he highlighted that Section 116 of the Income Tax Ordinance 2001 will now require an explanation in the declaration of foreign assets, including those of a spouse who is financially dependent on the taxpayer.

Also Read: Exclusive Club Membership at Lakeshore: Choose Your Perfect Plan

Furthermore, the Federal Board of Revenue (FBR) will assess whether non-filers have a history of late filing and charge fines accordingly. Minister Aurangzeb emphasized that habitual late filers will face increased fines if they have missed the income tax return deadline at least once. The federal government’s proposal aims to enhance tax compliance by prohibiting non-filers from traveling abroad and strengthening tax enforcement measures.

For more news and updates, visit the Al Sadat Marketing Website.

Tags :

Share :

About Author
About Author

Syed Sadat Hussain Shah

Talk to Us!

Latest Posts

Categories

Leave a Reply

Your email address will not be published. Required fields are marked *

ATTENTION

Experience luxury living just 20 minutes from Islamabad. With monthly installments starting at just 25,000 PKR, you can secure your dream home with No down payment and no hidden charges. Explore the perfect blend of comfort and convenience today!

Book Now