Opportunity for Non-Filers to Explain Before Travel Restrictions
During his address in the National Assembly, the minister mentioned changes in tax laws regarding foreign assets and a spouse’s dependent status under Section 116 of the Income Tax Ordinance 2001.
He also stated that the Federal Board of Revenue (FBR) will assess habitual late filers and impose fines accordingly. If someone hasn’t filed their tax return on time even once, the fine amount will increase.
The federal government has proposed restricting international travel for non-filers to enhance tax compliance.
