FBR gives a shocking blow to income tax non filers in the country
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*ISLAMABAD - The Federal Board of Revenue (FBR) gives a shocking blow to the income tax non filers in the country.*
*FBR has put a complete ban on purchase of four-wheel vehicles by a non-filer of income tax return, officials said on Friday.*
Sources said the FBR has issued a clarification that two-wheeler motor cycle and three-wheeler rickshaw would not fall under this ambit.
To increase the number of return filers, a new section 227C was inducted to the Income Tax Ordinance, 2001 through Finance Act, 2018.
Under the section, applications for booking, registration or purchase of a new locally manufactured motor vehicle or first registration of an imported vehicle would not be accepted or processed by any vehicle registering authority or a manufacturer of a motor vehicle unless the person was a filer and appeared on the Active Taxpayers List (ATL).
The FBR clarified that all motor vehicles, regardless of their engine capacity would fall within the purview of this newly inserted section 227C of the ordinance.
