{"id":10059,"date":"2025-06-10T18:04:05","date_gmt":"2025-06-10T18:04:05","guid":{"rendered":"https:\/\/ipp-news.com\/?p=10059"},"modified":"2025-06-10T18:04:05","modified_gmt":"2025-06-10T18:04:05","slug":"non-filers-to-be-barred-from-purchasing-vehicles-immovable-property","status":"publish","type":"post","link":"https:\/\/ipp-news.com\/?p=10059","title":{"rendered":"Non-filers to be barred from purchasing vehicles, immovable property"},"content":{"rendered":"<div>In the Federal Budget 2025\u201326, unveiled on Tuesday, the government has proposed a series of stringent financial restrictions and increased tax rates targeting non-filers as part of efforts to broaden the tax base and enhance the documentation of the economy.<\/p>\n<p>Finance Minister Muhammad Aurangzeb, who presented the budget in the National Assembly, announced a proposal to increase the advance tax on cash withdrawals by non-filers from 0.6% to 1%. The government also aims to eliminate the existing distinction between filers and non-filers in key financial matters.<\/p>\n<p>The finance minister stated that only those who submit tax returns and wealth statements will be allowed to engage in formal financial transactions. As per the new proposals, non-filers will be barred from purchasing vehicles or immovable property, and they will not be permitted to invest in securities or mutual funds.<\/p>\n<p>In a further tightening of financial regulations, a proposal has been put forward to prohibit non-filers from opening bank accounts, a move expected to significantly impact undocumented financial activity.<\/p>\n<p>The proposed measures, if implemented, would represent one of the most aggressive steps taken by the government to compel citizens to join the formal tax net and improve fiscal transparency.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>In the Federal Budget 2025\u201326, unveiled on Tuesday, the government has proposed a series of stringent financial restrictions and increased tax rates targeting non-filers as part of efforts to broaden the tax base and enhance the documentation of the economy. Finance Minister Muhammad Aurangzeb, who presented the budget in the National Assembly, announced a proposal [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-10059","post","type-post","status-publish","format-standard","hentry","category-english-news"],"_links":{"self":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/posts\/10059","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10059"}],"version-history":[{"count":0,"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/posts\/10059\/revisions"}],"wp:attachment":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10059"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10059"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10059"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}