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NADRA Shares Information on Rich Pakistanis Avoiding Taxes

NADRA Shares Information on Rich Pakistanis Avoiding Taxes

Web Desk October 24, 2024 Add Bol News as a trusted source
  • FBR receives data from National Database Regulatory Authority (NADRA) on 195,000 affluent Pakistanis avoiding taxes.
  • Data includes bank account details, property ownership records, and luxury vehicle registrations.
  • The FBR plans to target these individuals for tax collection.
In response to the International Monetary Fund (IMF) demands to expand the tax base and increase revenue, the Federal Board of Revenue (FBR) has begun receiving data from the National Database Regulatory Authority (NADRA) on wealthy individuals avoiding taxes.

According to sources, NADRA has provided the FBR with detailed information on 195,000 affluent Pakistanis who are outside the tax net. This data includes bank account details, property ownership records, and registrations of luxury vehicles, indicating that these individuals maintain lavish lifestyles.

The FBR is now preparing to target these high-income earners for tax collection, as their substantial incomes suggest they should be paying more taxes.

FBR chairman Rashid Mahmood Langrial stated that not even the top 5 percent of the wealthiest population is filing taxes, underscoring the urgency of the crackdown.

Earlier, Prime Minister Shehbaz Sharif had directed the FBR to bring the wealthy into the tax net. Now, under IMF pressure and after several efforts, NADRA has begun sharing this private data with the FBR to help enforce tax regime enhancements and increase tax revenue for the fiscal year 2024-25.

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