PTI government has lifted the ban on non-filers to buy new cars and immovable property in Pakistan. The development came today when Finance minister, Asad Umar, presented a budget amendment bill 2018-2019 on the floor of the national assembly.
The government is of the view that this amendment is necessary as it was restricting citizens especially the overseas Pakistanis to buy new cars and invest in real estate in the country.
“Overseas Pakistanis were facing much trouble by this ban, as most of them are non-filers”, said PTI’s Finance minister, Asad Umar.
The government’s reasoning looks intelligible as PTI always consider overseas Pakistanis a vital part in their policymaking. PM Imran Khan has also asserted several times that Pakistan can overcome the economic crisis with the help of the expatriates.
The previous government had imposed this ban to include more Pakistanis in the tax network as only 0.6 percent of the total population files tax returns.
Earlier, it was reported that the sales and registration of new vehicles are declining due to the bar on the non-filers. Although it might be a relief for many citizens, PMLN opposes it as their former finance minister tweeted:
Very disappointed that PTI govt has lifted the ban on non-taxpayers from buying new cars and expensive land. We were under intense pressure from auto companies and land developers but we didn’t budge. But today I am sorry to say automakers have won and Pakistani taxpayers lost.
— Miftah Ismail (@MiftahIsmail) September 18, 2018
With the green signal to non-filers, 0.6 percent withholding tax has also been restored. The supplementary bill has a total of Rs. 189 billion revenue measures including 20% excise duty on vehicles above 1800cc and added duties on high-end smartphones.