FBR targets tax evaders flaunting wealth on social media

ISLAMABAD: The Federal Board of Revenue (FBR) has decided to launch a nationwide crackdown on tax evaders who flaunt extravagant lifestyles on social media, sources revealed on Saturday.

According to insiders, FBR’s Social Media Monitoring Team has gathered detailed data on individuals who posted about their luxurious lifestyles on social media but have failed to file their income tax returns.

“There are so many individuals who showcase luxury items—including expensive cars, motorcycles, yachts, lavish homes, apartments, designer clothing,  jewelry, and premium watches—on various social media platforms, yet remain non-compliant with tax laws”, sources said.

Data has also been collected on those who post their videos of throwing currency notes at extravagant weddings, musical and dance events, and other public gatherings.

The crackdown will also target individuals who post about staying in luxury hotels, dining at upscale restaurants, or traveling abroad, all without corresponding tax filings.

NADRA has played a key role in identifying these individuals by assisting with the verification of personal information. FBR has compiled comprehensive data on their expenditures, including credit card and ATM transactions, as well as travel histories.

Read More: FBR Chairman rules out chances of mini-budget

Sources confirmed that a final list of such individuals has been prepared, and the enforcement drive is scheduled to begin on October 1.

FBR has issued a final warning, stating that September 30 is the last date to file income tax returns. No deadline extension will be granted.

Those who continue to display wealth online without fulfilling their tax obligations will be issued notices and may face strict legal action.