Govt mulling to block bank accounts of non-filers

ISLAMABAD: The government is set to introduce amendments to the Finance Bill 2024 that will allow for the blocking of bank accounts belonging to non-filers.

Sources informed that the proposal of freezing bank accounts of non-filers was part of the original Finance Bill 2024, but the same was not passed, according to The Business Recorder.

In cases where non-filers are not responding to notices, the government may consider a proposal to block bank accounts of non-filers till they appear on the Active Taxpayers List (ATL).

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The non-filers would be able to continue to deposit money in banks, but cannot withdraw the amount till they become filers and their names appear on the ATL.

The FBR will issue the income tax general order (ITGO) of names of non-filers for blocking their bank accounts if the proposal has been made part of the amended finance Bill 2024.

The amended Finance Bill 2024 is currently under consideration and is expected to be presented in the near future for parliamentary approval, according to the publication.