Govt reinstates ban on buying of property, vehicles by non-filers
ISLAMABAD (92 News) – The government has reinstated the ban on purchase of property and vehicles by non-filers with three exemptions.
Winding up debate on the supplementary budget proposals in the National Assembly on Wednesday, Minister for Finance Asad Umar said overseas Pakistanis and those acquiring property through inheritance would be exempted.
He said those purchasing vehicles of capacity less than 200-CC would also be exempted from this restriction. He said fine would be imposed if someone acquires property or vehicle despite being non-filer.
The minister said that modern technology would be used to expand the tax net and a beginning has been made by issuing notices to 169 big non-filers. He said second phase of the campaign would also be launched this week and the number of notices would reach to thousands.
Asad Umar appealed to the well-to-do to pay their due taxes and contribution towards progress of the country. He held out an assurance on behalf of the prime minister that the tax money would be utilized judiciously.
The finance minister clarified that the supplementary budgetary proposals would be effective from first of July this year. He said all development projects of Balochistan would be completed.