The Federal Board of Revenue (FBR) is set to implement strict measures against businesses that fail to register, as revealed by official sources. Non-compliant businesses will face severe penalties, including:
- Freezing of bank accounts
- Seizure of property
- Disconnection of electricity and gas services
Additionally, businesses that refuse to register will be subject to suspension and fines of up to Rs 1 million.
Read More: FBR Chairman Announces Government’s Decision to Abolish the Concept of Non-Filers
This crackdown comes in response to a significant tax gap of Rs 3,400 billion identified in sales tax, prompting the FBR to document all aspects of business operations, from capital investment to production.
The focus will be on manufacturers and wholesalers with an annual turnover of Rs 250 million or more, as well as distributors who have not registered. Retailers exceeding a turnover of Rs 100 million are also targeted; failure to register will result in the same penalties.
