Reported The International News
Fines and Penalties are aimed at individuals yielding to fully concede relevant details.
ISLAMABAD: The Federal Board of Revenue (FBR) has aimed unyielding steps against non-filers including blocking their foreign tour in the budget.
It has been presented to the Bar portal from Pakistan of such individuals with oddities for Hajj, and Umrah visitors, minors, students, foreign Pakistanis, and such other races of persons as informed by the Board as non-filers, according to the Finance Bill 2024-25.
If, in case companies do not block SIMS miscommunicate Utility connections or do not yield with the bar on abroad tours, they will be responsible for Rs 100 million. It is for first default. But, for the second preceding default, it will be the imposition of 200 million.
Fines and Damages are aimed at individuals yielding to disclosing specific details, reporting incomplete data in their tax returns or failing to file an exchange on termination of their enterprise. Additionally, Further, damages from the closing of the shop are not being aimed for merchants, and wholesalers, whose yield to sign up under a scheme such as the Tajir Dost Scheme. Additionally, the failure to sign up by a shopkeeper or merchant is aimed at creating a crime punishable on confidence with jail for six months or with penalties, or both.