- FBR forms a committee to regulate property transactions for unregistered individuals under the Sales Tax Act
- The committee can recommend imposing or lifting a bar on property transfers
- The Finance Bill 2025 aims to bring non-compliant individuals into the tax net
- Unregistered individuals are granted a personal hearing before recommendations are made
- Individuals have 15 days to obtain sales tax registration before facing a property transaction ban
- The amendment introduces committee oversight to reduce arbitrary decisions
- Individuals can appeal a bar within 30 days to the Chief Commissioner Inland Revenue
- Once registered, the Commissioner must lift the property transfer ban immediately
- The measure is part of FBR’s strategy to enforce sales tax compliance and expand the 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.
