ISLAMABAD: The Federal Board of Revenue (FBR) has decided to launch a large-scale crackdown from October 1 of the next fiscal year against non-filers who display signs of wealth and luxury on social media but do not submit tax returns.
According to sources, the FBR is compiling lists of individuals who regularly showcase lavish lifestyles on social media, including expensive cars, motorcycles, boats, bungalows, apartments and farmhouses, despite not being registered tax filers.
Sources said such individuals will be issued notices by tax authorities and asked to provide details regarding their income, assets and financial resources.
FBR officials revealed that comprehensive data on people displaying wealth on social media has already been collected during the current fiscal year. The National Database and Registration Authority (NADRA) has also assisted the tax authority in identifying and gathering information about these individuals.
According to sources, information regarding the individuals’ expenditures, banking transactions, credit card usage and ATM card activities has also been obtained. The collected data will be used to initiate action under relevant tax laws.
FBR sources further stated that individuals displaying wealth on social media have until September 30 to file their tax returns. Formal action against non-filers will begin after the deadline expires.
According to officials, the initiative is aimed at expanding the tax net, reducing the size of the undocumented economy and ensuring more effective enforcement of tax laws across the country.
