There are lots of disadvantages to being a non-filer. They are listed below:
- In accordance with the Finance Bill – 2018, non-filers will no longer be able to purchase or import motor vehicles, and local carmakers have already implemented and notified the ban.
- Non-filers are prohibited from purchasing a property worth more than Rs 1 lakh.
- Non-filers pay higher withholding taxes.
- For non-filers, prize bonds are taxed at a higher rate.
- A non-filer’s dividend is taxed at a higher rate.
- Vehicle registration rates are higher due to taxes on tokens.
Due to today’s IT facilities, becoming a filer is no longer as difficult as it once was. As part of its efforts to make filing tax returns easier, the FBR has introduced a number of facilities to help people.
The National Tax Number is required for registering for an ATL or filing a tax return. The NTN can be registered without visiting a tax office at https://iris.fbr.gov.pk.
