ISLAMABAD: The Federal Board of Revenue (FBR) has announced its intention to crack down on tax evaders across Pakistan.
This operation will specifically target individuals who have been found guilty in cases and against whom FBR has received favorable decisions from all legal forums, according to media reports.
Furthermore, the FBR has issued directives to its field offices to expedite the recovery of taxes from these tax evaders.
In some cases, the FBR may resort to property auctions as a means of recovering unpaid taxes.
In the initial phase of the operation, the FBR has compiled a list of over 12,300 individuals from major cities including Islamabad, Lahore, Peshawar, Multan, Quetta, and Karachi.
This list encompasses a wide range of individuals, including industrialists, mill owners, traders, property dealers, and more.
Those individuals featured on the FBR’s list have been cautioned that they must submit the required documentation within one week of receiving a tax notice, while the failure to comply will result in legal actions being taken against them.
This move by the FBR aims to convey a resounding message to tax evaders that their actions will not go unpunished.
Moreover, this operation is expected to have a positive impact on the nation’s economy.
In addition, the increased tax compliance means the government will have more resources to invest in vital development projects and social programs, potentially leading to enhanced economic growth and prosperity for all.
Source: Pakistan Today
