- The Finance Bill 2025 proposes new powers for the Commissioner Inland Revenue to enforce sales tax registration.
- The Commissioner can block bank accounts of individuals and businesses not registered under the Sales Tax Act.
- Affected persons can appeal to the Chief Commissioner Inland Revenue within 30 days.
- Once registered, restrictions on bank accounts are lifted.
- The Commissioner can also prevent property transfers by unregistered persons.
- Property transaction restrictions are lifted upon sales tax registration.
- The Chief Commissioner can take further actions against persistent defaulters, such as sealing premises or seizing property.
- These measures aim to increase compliance and expand the sales tax base.
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.
