Steps are outlined in Budget 2024–2025 for non-filers to pay taxes.

Sources claim that “the non-filers mobile phone sims, power, and gas will be disconnected” if they don’t respond.

Sources stated, “The next financial year will see the continuation of the process of blocking sims of non-filers.”

In the budget for the upcoming fiscal year that is being presented to Parliament today, the administration has developed a strategy to improve tax collection.

Through its enforcement strategy, the FBR will raise tax revenues in the upcoming fiscal year.

Sales tax, income tax, and customs duty exemptions will be removed from the budget in order to increase revenue.

Furthermore, the government will raise more money through the sales tax it imposes on petroleum items. A spike in imports will improve tax recoveries.

A plan has been put up to increase the budget’s tax on non-filers.

Additionally, the budget for the upcoming fiscal year will include measures to include the retail industry in the tax net.

The economic sectors that are currently not subject to taxes will be subject to tax collection by the FBR.

A budget proposal calls for raising taxes on the real estate industry.

Leave a Reply

Your email address will not be published.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

Back to top button