FBR clarifies: No notification has been issued regarding freezing of bank accounts of non-tax filers

FBR clarifies: No notification has been issued regarding freezing of bank accounts of non-tax filers

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ISLAMABAD: On Monday, the Federal Bureau of Revenue (FBR) clarified that it had not issued any instructions pertaining to freezing of bank accounts held by non-filers of income tax returns.

To allay the misconception stirred by a segment of print media, the FBR clarified that Income Tax Law did not restrict banking transactions from bank accounts held by any person whether filer or non-filer.

Nonetheless, it should be noted that the last government had proposed in the budget that the non-filers will not be able to buy property and vehicles from fiscal year 2018-19, starting from July, which, it said, is aimed at broadening its tax base.

Later, a parliamentary panel recommended relaxing restrictions in terms of allowing the non-filers of the income tax returns to buy or import cars of up to 1,000 cc.

It had recommended that the non-filers should also be allowed to purchase residential homes or plots up to 10 marla or 302.5 square yards.

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