Islamabad, Pakistan:The Federal Board of Revenue (FBR) is implementing stricter enforcement measures against high-income earners who underreport their income tax returns.
FBR Chairman Rashid Mahmood Langrial announced that the regulator is focusing on the top 4-5% of high-income filers who are not paying the correct amount of tax.
The government aims to achieve its ambitious tax target of Rs12.97 trillion for the fiscal year. Pro Pakistani
The FBR has already implemented restrictions on cash withdrawals, car purchases, property purchases, and investments for high-income earners. These measures aim to ensure that individuals are paying their fair share of taxes.
The FBR’s crackdown on tax evasion highlights the government’s commitment to improving tax compliance and increasing revenue collection.
