Main Menu

tax base

 
 

If You Did Not File Tax Returns Last Year You Can’t Buy Cars Or Motorcycles

JUL 1, 2018 (BE2C2): From Monday onward, only people who file their taxes will be allowed to buy vehicles. The Federal Board of Revenue (FBR) has prohibited people who do not file their taxes, or are non-filers, from purchasing cars and motorcycles. Their requests to get their vehicles registered will not be entertained either. As part of this move, non-filers will also not be allowed to buy property worth more than Rs5 million. Last year, there were only 1.3 million tax return filers and of them 500,000 paid zero taxes.Read More


Amnesty: Chasing “Billions of Hidden Assets” Vs. “Trillion Dollar Net Worth Potential” of Overseas Pakistanis

(BE2C2 Report); IRSHAD SALIM — Some 9 million Pakistanis are now abroad and in two different broad categories: Pakistanis working overseas mostly in the Middle East (NICOP card holders), and those who have switched citizenship or hold dual nationality, and are living and working abroad over the years (Pakistani Diaspora holding POC cards). Almost 99 percent of Pakistanis working in GCC countries are NICOP holders and according to our best estimate do not need an amnesty to bring monies back. They regularly remit most of their disposal income with noRead More