Income Tax Ordinance, 2001 — Section 227C: Restriction on purchase of certain assets

227C. Restriction on purchase of certain assets.─ Notwithstanding anything contained in any law, for the time being in force,

(a)any application for booking, registration or purchase of a new locally manufactured motor vehicle or for first registration of an imported vehicle shall not be accepted or processed by any vehicle registering authority of Excise and Taxation Department or a manufacturer of a motor vehicle respectively, unless the person is a filer.; and

(b)any application or request by a person to any authority responsible for registering, recording or attesting transfer of any immovable property, exceeding five million rupees, for registering or attesting the transfer shall not be accepted or processed by such authority, unless the person is a filer2[:]” ] 2 [“Provided that the provisions of clause (a) shall not apply in respect of,─ 2 [(i) locally manufactured motor vehicle; or]

(ii)a person holding a Pakistan origin card or a national identity card for overseas Pakistanis 2[or a non-resident Pakistani citizen holding international passport] who produces a certificate from a scheduled bank of receipt of foreign exchange remitted from outside Pakistan through normal banking channels during a period of sixty days prior to the date of booking, registration or purchase of motor vehicle: Provided further that the provisions of clause (b) shall not apply to,─

(i)a legal heir acquiring property in inheritance; or 443 Chapter XI – Administration 1 [227D.- Automated impersonal tax regime.- (1) The Board may design an alternate impersonal taxation regime whereby personal interaction will be minimized.

(2)The Board may, by notification in the official Gazette, prescribe the procedure in this behalf.

(3)This section shall be applicable only for low risk and compliant taxpayers as may be prescribed.]