A.   Background (BG)

1.   This refers to the related Important TLQC in trail, blue, italic and double line 2952 of 19.11.24 about BTB Advanced Stock Register Launch - Good for Organized Sector

2.   We also refer to several Other TLQC including the following (a) 2847 of 26.7.24 about BTB: PM directed for 4.5M more on ATL & KC Prediction of 10M becoming true (b) 2713 of of 19.4.24 about BTB - Kasbati Recommendations for Organized Sector before their Supplier & Buyers Sims blocking.

B.   Kasbati Tax Courses to be ready for BTB

Owing to the captioned matters and details in Para C, we recommend your Non-ATL & Unregistered Suppliers and Buyers for Kasbati -Tax & Other Courses for Brochures and Tentative Registration. Please Click on the Link for the Professionals and Participants views Videos

C.   Commentary as to Captioned matter

Further to KQU 3205 dated 22.1.25, being an important matter, we would inform you about FBR Acquires 5-Year Data on Car Purchases by Non-Filers (Attachment 3025.1) in the ensuing paragraph, with emphasis in bold & Underline for quick reading.

2.   The FBR has acquired extensive data on car purchases made over the past five years to initiate a crackdown on individuals with taxable income who have failed to meet their tax obligations.

3.   Reliable FBR sources revealed that excise and taxation departments from all four provinces have provided comprehensive information regarding car registrations and ownership transfers during this period. The data specifically includes individuals who are not listed on the ATL but have registered or transferred vehicles in their names.

4.   Under the ITO, it is mandatory for manufacturers, motor vehicle dealers, registration authorities, banks, and leasing companies to furnish monthly statements to the FBR regarding the sale or lease of motor vehicles. These statements must include detailed information such as the buyer’s name and address, NTN or CNIC number, car registration number, make and model, engine capacity, year of manufacture, and the date of the vehicle’s first registration in Pakistan.

5.   The FBR has now compiled this data and is actively issuing notices to individuals who purchased cars but failed to file their income tax returns. These notices require the recipients to explain their source of income and comply with tax filing requirements.

6.   According to FBR officials, this initiative aims to ensure greater compliance with tax laws and bring non-filers into the tax net. By identifying individuals who have the financial capacity to purchase motor vehicles but evade filing taxes, the FBR seeks to reduce the country’s tax gap and improve revenue collection.

7.   The sources emphasized that the collaboration between the FBR and provincial excise departments has been instrumental in obtaining this data. It is part of a broader strategy by the FBR to use technology and data analytics to track potential taxpayers more effectively.

8.   This initiative reflects the FBR’s intensified focus on leveraging existing financial and registration data to target non-filers. By holding such individuals accountable, the FBR aims to promote transparency, broaden the tax base, and encourage voluntary compliance with Pakistan’s tax laws.

Further Details & Services 

Should you require any clarification or explanations in respect of the above or otherwise, or require Income Tax, Federal & Provincial Sales Tax or Withholding Tax Advisory, Statement or Return Filing or Review services, or related accounting matters like the above, please feel free to email Mr Amsal at amsal@kasbati.co with CC to info.kasbati@professional-excellence.com. Your Goodself may continue to get other services from your current Tax & Legal Advisors.