The Federal Board of Revenue (FBR) has commenced an aggressive campaigntargeting individuals and entities who have defaulted on their taxobligations across major cities in the country. According to sources withinthe organization, this decision has been made at the highest levels ofauthority within the FBR, with the primary aim of recovering thesignificant outstanding dues from tax defaulters as part of theirenforcement efforts.
To facilitate this initiative, the FBR has meticulously compiled acomprehensive list comprising nearly 11,000 tax defaulters. These nameshave 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 ofindividuals and businesses, including industrial units, factory and millowners, wholesalers, property dealers, and traders.
In a bid to ensure procedural fairness, the FBR has emphasized itscommitment to completing all legal formalities before resorting to extrememeasures, such as the arrest of tax defaulters, offering ampleopportunities for them to respond to the notices issued.
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Furthermore, it is noteworthy that the FBR has already initiated recoveryproceedings against affluent individuals who were previously reluctant tofulfill their Capital Value Tax (CVT) obligations on foreign assets heldabroad, amounting to a substantial sum of Rs. 3 billion.
The FBR has taken a resolute stance against these individuals who failed toadhere to CVT payments on their foreign assets and has issued ordersagainst approximately 200 such Super Rich individuals following theirrepeated non-compliance with notices
