FBR Finalizes Enforcement Plan for Unregistered Wealthy People

Islamabad, Pakistan: The Federal Board of Revenue (FBR), under the directives of Prime Minister Shehbaz Sharif, has finalized an enforcement plan to crack down on unregistered wealthy individuals, including non-filers and nil-filers. The focus of the initiative is on high-net-worth individuals suspected of concealing income and assets.

Sources within the FBR revealed that comprehensive preparations have been completed to implement the plan at the field level. Notices will be issued to targeted individuals after approval from the FBR chairman, prioritizing those who fail to file tax returns or underreport their income.

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In the first phase, 5,000 non-filers with an estimated tax liability of Rs7 billion will receive notices. These individuals were selected following a desk audit of transaction data for 200,000 non-filers. The enforcement will be monitored via a dedicated FBR dashboard to ensure accountability and progress tracking.

The selected individuals exhibit notable signs of wealth, including ownership of at least three cars, credit card bills exceeding Rs200,000 per month, earnings of over Rs100 million in bank profits, and significant expenses on private school tuition for their children.

Collectively, this group is estimated to have a net worth of Rs26-27 billion, with an average net worth of Rs5.4 million per individual. The FBR expects to collect an average income tax of Rs1.4 million per person from this group, contributing significantly to the revenue target.

This enforcement plan signals the government’s intensified efforts to broaden the tax base and ensure compliance among affluent individuals, addressing long-standing tax evasion issues.

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