ISLAMABAD: The Federal Board of Revenue (FBR) has denied any planning to freeze bank accounts of non-filers in order to deduct taxes.
Shahid Hussain Asad, Senior Member Inland Revenue-Policy and Official Spokesman of the FBR, said that there was no such a policy in pipeline to freeze bank accounts of non-filers as All Pakistan Truck Trailer Motor Owners Association president Lala Yasir Naseer and Goods Transport leader Nabeel Tariq claimed in a press conference here on Monday.
He said that 0.3 percent tax on bank transactions was only an advance tax on non-filers and non-filers could become “filer” at any time by submitting their income tax returns.
It may be mentioned that the federal government had decided to reduce the withholding tax on more than Rs 50,000 bank transactions a day for non-filers from 0.6 percent to 0.3 percent for three months following the countrywide protests by the business community, subject to filing of returns by traders during the same period.
