Business
Non-filers to face action from November 1, warns FBR chairman
Rashid Langrial says number of income tax returns filed has exceeded four million
Islamabad: Federal Board of Revenue (FBR) Chairman Rashid Langrial on Thursday warned that large-scale action against non-filers will begin after November 1.
Speaking to the media in Islamabad, Langrial informed that the number of income tax returns filed has exceeded four million, doubling compared to last year.
“There will be no extension in the deadline for submitting income tax returns,” he said, reiterating that the final date for submissions is October 14.
Langrial added, “We have complete data on non-filers, and action will commence on a large scale from November. The prime minister has directed that no tax evaders should be spared.”
The FBR recently decided to impose 15 restrictions on tax defaulters, removing the non-filer category. Initially, five key measures will be enforced, including restrictions on property transactions, vehicle purchases, international travel, opening current accounts, and investing in mutual funds.