Relief ends for new filers when purchasing homes, plots, and cars

WEB DESK: The relief provided to those who became filers when purchasing a house, plot, or vehicle has been discontinued. Now, both filers and non-filers will have to pay taxes when buying a house, plot, or vehicle.

According to the Chairman of the FBR, the proposal to ban non-filers from traveling abroad was approved in the Treasury Committee meeting. Action will be taken against those who do not file tax returns under the Income Tax General Order. However, exemptions will be given for Hajj, Umrah, young children, students, and overseas Pakistanis holding NICOP.

Chairman FBR Farooq H. Naek further stated that the mobile SIMs, electricity, and gas connections of non-filers will be disconnected. The ban on foreign travel for non-filers implies their inclusion in the Exit Control List.

According to the Chairman FBR, the list of 500,000 non-filers includes people with an annual income of more than 2 million rupees.

Read More: Govt imposes 18% GST on packaged pulses, rirce, and sugar

Sherry Rehman demanded that the implementation of taxes should be limited to companies. Senator Sherry Rehman stated that Nestlé is a profitable company that can pay taxes itself, and the burden of taxes should not be placed on consumers. She emphasised that not everything should be left to the market and that no single company should have a monopoly on formula milk.

Senator Sherry Rehman further said that she opposes the effort to pass the burden of sales tax on milk to consumers. She suggested that manufacturers should bear some of the new tax, and companies should not earn excessive profits on children’s milk.

The PPP senator added that high taxes should not be imposed on this crucial source of children’s nutrition, as a large number of people rely on formula milk to meet their children’s nutritional needs.