Pakistan, June 21 -- Federal Board of Revenue (FBR) chairman has said the body will 'freeze' the bank accounts of non-filers in the FY2025-26.
The National Assembly's Standing Committee on Finance, chaired by Syed Naveed Qamar, convened to discuss the issue of enforcing sales tax registration for non-registered individuals and businesses.
Federal Board of Revenue (FBR) Chairman Rashid Mahmood Langrial revealed that non-registered entities will now receive formal notices, and failure to register will result in the freezing of their bank accounts. However, accounts will be reinstated within two days of compliance.
According to the FBR, many businesses are income tax filers but remain unregistered for sales tax, including factories with m...
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