FBR Chairman Issues Warning to Late Tax Filers

On Friday, the chairman of the Federal Bureau of Revenue (FBR), Amjad Zubair, announced a new 6 percent tax for individuals who file their taxes late. This warning came during a meeting with the National Assembly’s Standing Committee on Finance, where he detailed the current state of tax filing in Pakistan.

Amjad Zubair shared that 5.2 million individuals submitted their tax returns in 2023, an increase from 4.1 million in 2022. To encourage timely filing, the FBR has increased penalties for late submissions.

Discussing property transactions, the chairman explained that filers pay a 3 percent tax, while non-filers face a much higher 10 percent tax. He revealed that 240,000 individuals are currently non-filers, with 180,000 not having submitted returns in the past three years. Data also shows that 600,000 non-filers have made significant purchases, including luxury vehicles and properties.

To enforce compliance, the FBR has blocked over 250,000 SIM cards belonging to non-filers. This measure has prompted 86,000 individuals to submit their tax returns.

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