ISLAMABAD – National Assembly (NA) on Wednesday has approved amendedfinance bill presented by Pakistan Tehreek-e-Insaf (PTI) government.
Winding up debate on Supplementary Budget proposals in the NationalAssembly, Finance Minister Asad Umar said that it has been decided tocontinue with restrictions imposed in the Federal Budget on purchase ofproperty and vehicles by non-filers with three exemptions.——————————
He said overseas Pakistanis and those acquiring property throughinheritance would be exempted and that those purchasing vehicles ofcapacity less than 200-CC would also be exempted from this restriction. Hesaid fine would be imposed if someone acquires property or vehicle despitebeing non-filer.
The minister said modern technology would be used to expand the tax net anda 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 andthe number of notices would reach to thousands.
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PTI leader appealed to the well-to-do to pay their due taxes andcontribution towards progress of the country. He held out an assurance onbehalf of the Prime Minister that the tax money would be utilizedjudiciously.
Asad Umar clarified that the supplementary budgetary proposals would beeffective from first of July this year.
