By The Federal Board of Revenue (FBR) in Pakistan has announced plans to block the current and savings accounts of individuals who fail to file their tax returns.
This move is part of the Tax Laws Amendment Bill 2024, which aims to increase tax compliance and curb tax evasion.
The FBR will work with banks to limit banking transactions based on an individual’s declared income, and those whose transactions exceed 130% of their declared income will be required to explain the source of the additional funds.
