Following new inserted provisions of Finance Act 2018 especially:
-Non-filer can not purchase new /imported vehicle.
-Non-filer can not buy property exceeding 50 lacs
-Non-filer can not deposit foreign currency in his FCY account.
-Return of tax year 2018 filed late even by one day will be considered as non-filer for whole year.
-Advance tax on installments for purchase of property.
-No imunity on remittance exceeding Rs. 10million.
-Withholding tax on payments abroad through credit/debit card.
-Filling of foreign income and assets statement.
-Tax paid at import stage by commercial importers will be minimum(5%).
-Withholding tax on fee for offshore digital services.
-Restriction on gift to relatives only.
-Controlled Foreign Company.
-Stay exceeding 180 days??
-Further tax from 2% to 3%.
-Sales tax on shoes/garments from 6% to 9% (SRO 1125.
-Non-filer can not buy property exceeding 50 lacs
-Non-filer can not deposit foreign currency in his FCY account.
-Return of tax year 2018 filed late even by one day will be considered as non-filer for whole year.
-Advance tax on installments for purchase of property.
-No imunity on remittance exceeding Rs. 10million.
-Withholding tax on payments abroad through credit/debit card.
-Filling of foreign income and assets statement.
-Tax paid at import stage by commercial importers will be minimum(5%).
-Withholding tax on fee for offshore digital services.
-Restriction on gift to relatives only.
-Controlled Foreign Company.
-Stay exceeding 180 days??
-Further tax from 2% to 3%.
-Sales tax on shoes/garments from 6% to 9% (SRO 1125.