The Federal Board of Revenue (FBR) is set to impose stringent measures on businesses that fail to register, according to official sources.
Businesses that do not comply with registration requirements will face severe sanctions, which include freezing bank accounts, seizing property, and disconnecting electricity and gas connections.
Additionally, if businesses refuse to register, they will be suspended and fined up to Rs 1 million.
A significant tax gap of Rs 3,400 billion has been identified in terms of sales tax, leading the FBR to make the decision to document all stages of business—from capital investment to production.
The crackdown will primarily target manufacturers and wholesalers with an annual turnover of Rs 250 million or more, along with distributors who have yet to register.
Retailers with a turnover exceeding Rs 100 million are also on the FBR’s radar, and failure to register will result in the same penalties.
