Taxation

100,000 non-filers to be issued notices

Federal Board of Revenue (FBR) chairman Shabbar Zaidi has said the board will send notices to around 100,000 non-filers who own a house bigger than 500 yards or a vehicle above 1000 cc. While speaking to the media on Sunday, he said the non-filers would be brought to the tax net and the date for filing taxes has been extended up to two months so that maximum people could file taxes.

Earlier on Thursday, the FBR refuted speculation pertaining to levying a heavy withholding tax on motorcycles or rickshaws. A day prior, rumours had surfaced that the FBR had implemented a withholding tax on the registration of motorcycles and rickshaws, hiking up bikes’ registration cost by Rs 3,400 to Rs 20,900.

In an explanatory statement, the FBR clarified that no withholding tax would be implemented on either motorcycles or rickshaws. The FBR member also noted that in efforts to increase tax collection, the body’s priority would not be to levy taxes on the poor.

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