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Saturday, December 07, 2024  
05 Jumada Al-Akhirah 1446  

FBR launches action plan against unregistered wealthy individuals

Notices will be sent to 5,000 identified non-filers
Photo via Business  Recorder
Photo via Business Recorder

The Federal Board of Revenue (FBR) has initiated a plan to target unregistered wealthy individuals, including non-filers and those declaring zero income.

This move comes after a directive from Prime Minister Shehbaz Sharif. The FBR has prepared to implement this enforcement strategy within its field formations.

In the first phase, notices will be sent to 5,000 identified non-filers, who collectively owe an estimated Rs7 billion in taxes.

These individuals have been selected based on a thorough analysis of transaction data for around 200,000 non-filers.

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The top 5,000, who reportedly possess at least three vehicles and significant bank profits, will receive these notices shortly.

The FBR aims to track the notices through a dedicated dashboard, underscoring its commitment to addressing tax evasion and increasing revenue.

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FBR

PMLN

Prime Minister Shahbaz Sharif

Non filer