Key features of Tax Laws Amendment Bill 2024

Published December 19, 2024 Updated December 19, 2024 07:50am

• The FBR will have authority to impose restrictions on unregistered individuals.

• Unregistered persons may face bans on operating bank accounts, transferring immovable property or running businesses.

• Banking transactions for unregistered persons will be restricted.

• High-risk individuals’ banking and tax data will be shared.

• Restrictions will apply to vehicle purchase, registration and booking, except for rickshaws, motorcycles, tractors and vehicles up to 800cc.

• The distinction between filer and non-filer will be replaced by categories of eligible and ineligible individuals.

• Eligible people include close family members, including parents, spouse, sons under 25, unmarried or widowed daughters, special children.

• Affected individuals can appeal decisions to Inland Revenue chief commissioner within 30 days.

Published in Dawn, December 19th, 2024

Follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Accessing the RSF

Accessing the RSF

RSF can help catalyse private sector inves­tment encouraging investment flows, build upon institutional partnerships with MDBs, other financial institutions.

Editorial

Madressah oversight
Updated 19 Dec, 2024

Madressah oversight

Bill should be reconsidered and Directorate General of Religious Education, formed to oversee seminaries, should not be rolled back.
Kurram’s misery
19 Dec, 2024

Kurram’s misery

THE unfolding humanitarian crisis in Kurram district, particularly in Parachinar city, has reached alarming...
Hiking gas rates
19 Dec, 2024

Hiking gas rates

IMPLEMENTATION of a new Ogra recommendation to increase the gas prices by an average 8.7pc or Rs142.45 per mmBtu in...
Geopolitical games
Updated 18 Dec, 2024

Geopolitical games

While Assad may be gone — and not many are mourning the end of his brutal rule — Syria’s future does not look promising.
Polio’s toll
18 Dec, 2024

Polio’s toll

MONDAY’s attacks on polio workers in Karak and Bannu that martyred Constable Irfanullah and wounded two ...
Development expenditure
18 Dec, 2024

Development expenditure

PAKISTAN’S infrastructure development woes are wide and deep. The country must annually spend at least 10pc of its...