FLASHNEWS:

FBR to Suspend SIM Cards of 1.8 Million Tax Non-filers in Compliance Push

Islamabad, In a major compliance drive, the Federal Board of Revenue (FBR) has approved the suspension of mobile phone SIM cards for 1.8 million individuals in Pakistan who have failed to file their tax returns. This measure is part of a broader strategy to enhance tax collection and fulfill requirements set by the International Monetary Fund (IMF).

According to Zameen.Com, the FBR chairman authorized this significant step to boost tax compliance and revenue generation ahead of the next IMF loan program. The FBR has compiled lists of non-filers and outlined the relevant regulations, which have been forwarded to the concerned authorities for further action.

The operation, initially slated to start in January 2024, has been postponed until after Eid to allow for the completion of the necessary preparations. It includes not only suspending SIM cards but also disconnecting electricity connections for non-filers, underlining the FBR's intensified efforts to enforce tax laws.

IMF Chief Kristalina Georgieva, speaking at an event by the Atlantic Council think tank on Thursday, mentioned that Pakistan is discussing a potential follow-up program following a recent nine-month, $3 billion stand-by arrangement. She noted improvements in Pakistan’s economic indicators and emphasized the country's ongoing commitment to meet IMF standards, despite facing several economic challenges.

With special powers granted to 145 district tax officers, the FBR is poised to implement these measures nationwide effectively, aiming to significantly enhance the country's tax revenue and meet the stringent requirements of the IMF.