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Non-filers to be barred from purchasing vehicles, immovable property

  • The Federal Government introduced measures targeting non-filers to broaden the tax base, as outlined in the Finance Bill 2025-26.
  • Finance Minister Muhammad Aurangzeb announced plans to raise the advance tax on cash withdrawals by non-filers from 0.6% to 1%.
  • Non-Filers will be barred from purchasing vehicles, immovable property, and making major economic transactions, including investing in securities, according to the Finance Bill 2025-26.
  • The Federal Board of Revenue plans to share tax-related information of high-risk persons with banks to enhance compliance.
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sabah news broke the news in on Tuesday, June 10, 2025.
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