The Federal Board of Revenue (FBR) has delayed the crackdown on non-filers’ SIMs and utility connections following legal issues and incomplete Income Tax General Order. The IMF’s demand to boost tax compliance in Pakistan led to this decision. However, action may begin by March 1 after resolving legal matters. IMF has approved a $700 million loan for Pakistan.
ISLAMABAD: The Federal Board of Revenue (FBR) has ‘delayed’ nationwide crackdown against non-filers, ARY News reported on Tuesday, citing sources.
The FBR was set to suspend SIMs and utility connections of the non-filers on the International Monetary Fund’s demand, but now the decision has been ‘delayed’ due to ‘legal issues’.
Sources privy to the development said the action is being ‘delayed’ over non-completion of the Income Tax General Order because FBR may have to face courts on legal grounds.
The action against non-filers can be initiated by March 1 after releasing the active taxpayers list, the source said. After addressing the legal issues, the tax collection body will suspend SIMs and utility connections of the non-filers.
The IMF’s move to issue notices to hundreds of thousands of non-filers is part of a broader strategy to boost tax compliance in Pakistan.
Read more: IMF board approves $700mln loan for Pakistan
Last week, the Executive Board of the International Monetary Fund (IMF) completed the first review of Pakistan’s economic reform programme supported by its Stand-By Arrangement (SBA).
“The Board’s approval allows for an immediate disbursement of SDR 528 million (around US$ 700 million), bringing the total disbursements under the SBA to US$ 1.9 billion,” a Finance Ministry news release said.
Source: ARY NEWS
FBR, SIMs, connection suspension, non-filers, crackdown, legal issues, Income Tax General Order, tax compliance, Pakistan, IMF, loan, disbursement, SDR 528 million, US$ 700 million, Stand-By Arrangement, economic reform program. The Federal Board of Revenue (FBR) has delayed the nationwide crackdown on non-filers, including suspending SIMs and utility connections, due to legal issues and incomplete Income Tax General Order. The action is expected to commence by March 1 after the release of the active taxpayers list. This move is part of a broader strategy to enhance tax compliance in Pakistan, supported by the International Monetary Fund’s (IMF) Stand-By Arrangement, which has approved a disbursement of US$ 700 million.
Disclaimer:
This content is AI-generated using IFTTT AI Content Creator. While we strive for accuracy, it’s a tool for rapid updates. We’re committed to filtering information, not reproducing or endorsing misinformation. – Khabristan.pk for more information visit privacy policy
Leave a Comment