FBR New Law for Non-Filers | Bank Account | Property Restrictions |


In this video I'll discuss The #amendment outlines #stringent #measures to #limit the #financialactivities of #nonfilers, including:

Non-filers will be #barred from #buying #vehicles over #800cc. However, they will still be allowed to #purchase #motorcycles, #rickshaws, and #tractors.
Non-filers cannot acquire property beyond a certain value threshold.
Limits will be imposed on stock purchases by non-filers.
Non-filers will face prohibitions on opening new bank accounts and restrictions on the number of transactions they can conduct.
Additionally, the bill proposes that unregistered business owners’ bank accounts will be frozen, and they will be prohibited from transferring property. In cases of non-compliance, the government will have the authority to seize or seal properties and businesses of unregistered individuals.

The #FederalBoardofRevenue (FBR) will issue a list of non-registered individuals whose accounts will be frozen. Accounts and property transactions will remain blocked until the individual registers for sales tax, at which point accounts will be unfrozen within two days.

#newtaxlaw
#taxlaw2014_24
#taxlawammendments2024_25
#taxact2024_25
#taxbill2024_25

#filer
#fbrnonfilers
#taxreturn2024
#malikjabbaradv #activetaxpayerlist #atl
#illigibal

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