FBR launches nationwide crackdown on Tax Defaulters including 200 Super Rich Pakistanis

FBR launches nationwide crackdown on Tax Defaulters including 200 Super Rich Pakistanis

The Federal Board of Revenue (FBR) has commenced an aggressive campaign targeting individuals and entities who have defaulted on their tax obligations across major cities in the country. According to sources within the organization, this decision has been made at the highest levels of authority within the FBR, with the primary aim of recovering the significant outstanding dues from tax defaulters as part of their enforcement efforts.

To facilitate this initiative, the FBR has meticulously compiled a comprehensive list comprising nearly 11,000 tax defaulters. These names have been forwarded to the relevant tax jurisdictions and field offices, initiating the necessary proceedings for the recovery of outstanding taxes, all in strict accordance with the relevant legal provisions.

The list of tax defaulters spans across prominent cities such as Karachi, Lahore, Faisalabad, Rawalpindi, and Multan, encompassing a diverse range of individuals and businesses, including industrial units, factory and mill owners, wholesalers, property dealers, and traders.

In a bid to ensure procedural fairness, the FBR has emphasized its commitment to completing all legal formalities before resorting to extreme measures, such as the arrest of tax defaulters, offering ample opportunities for them to respond to the notices issued.

Furthermore, it is noteworthy that the FBR has already initiated recovery proceedings against affluent individuals who were previously reluctant to fulfill their Capital Value Tax (CVT) obligations on foreign assets held abroad, amounting to a substantial sum of Rs. 3 billion.

The FBR has taken a resolute stance against these individuals who failed to adhere to CVT payments on their foreign assets and has issued orders against approximately 200 such Super Rich individuals following their repeated non-compliance with notices