The federal government has prepared to impose major restrictions on tax evaders, with proposals in the budget to place various restrictions on individuals outside the tax net.
According to details, a proposal has been put forward to authorize the Federal Board of Revenue (FBR) to restrict access to defaulters’ bank accounts, ban the transfer of immovable property, and seal business premises.
There is also a proposal to empower the FBR to confiscate immovable property and prohibit unregistered individuals from purchasing, registering, or booking vehicles.
It has also been proposed that the restriction on the purchase of rickshaws, motorcycles, tractors, and vehicles up to 800cc should not apply to unregistered individuals.
There are plans to limit banking transactions for individuals outside the tax net. Income tax returns will include details of close family members, including parents, spouse, and sons under the age of 25.
Details of unmarried or widowed daughters may also be included in the income tax returns. The filer and non-filer categories may be abolished, and a new classification of eligible and ineligible individuals is being proposed.
