FBR says non-filers accounts are not frozen – Research Snipers

FBR says non-filers accounts are not frozen

FBR

Federal Board of Revenue (FBR) has issued a statement on Monday denying rumors about FBR started freezing accounts of non-filers. FBR says non-filers accounts are not frozen and neither FBR has issued any instructions to do that.

FBR has further explained the matter that according to income tax law the authority is not able to restrict bank transactions out of bank accounts whether the accounts are held by filers or non-filers, it is totally against the law that FBR restrict bank transactions of non-filers.

FBR also clarified that due to a segment in print media false news was circulated regarding freezing of bank accounts of non-filers; FBR has totally denied the authenticity of news and issued a statement which completely clears the organization’s position.

FBR acquired information on UK properties owned by Pakistanis

The FBR has a difficult task ahead under the leadership of PM Imran Khan, the PM has announced FBR reforms in his first speech focused on bringing structural and operational changes in the organization, according to Pakistan Today, the new government faces challenges to meet its Rs8 billion tax collection, FBR has also announced to take action against foreign assets holders in the UK, UAE and other parts of the world to bring them under the tax net.