- FBR introduces new restrictions to enforce sales tax compliance
- Finance Act 2025 adds sections 14AC, 14AD, and 14AE to Sales Tax Act 1990
- Section 14AC allows freezing of bank accounts for unregistered businesses
- Businesses receive three notices to register before account freeze
- Permanent bank ban possible if non-compliance continues
- Section 14AD restricts transfer of immovable property after bank suspension
- A committee issues notices and holds hearings for property transfer bans
- Section 14AE permits sealing premises and seizing property for non-compliance
- Actions reversed within two days upon registration
- Appeals can be filed within 30 days
- FBR aims to bring unregistered businesses into the formal tax net
Source: pkrevenue.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
