The Federal Board of Revenue served another 154 notices to suspected tax defaulters on Tuesday as part of its ongoing drive against tax evasion that kicked off earlier this month.
These notices have been served to those resourceful people who purchased property worth Rs20 million, bought 1800 cc automobiles and earned rental incomes of Rs10 million a year but didn’t file their income tax returns.
Earlier this month, the PTI government kicked off a campaign against tax evaders and served notices to 244 suspects. The finance minister then said the campaign will extend to the thousands suspected of evading taxes. These are the people who have bought luxurious cars and lucrative properties but are non-filers — people who don’t file their income tax returns regardless of whether they pay tax or not.
Briefing the members of the National, Finance Minister Asad Umar said the Federal Board of Revenue has already asked banks to provide details of people who have large sums in their accounts but are non-filers. The government will use advanced technology (like algorithms) to sift through this bank data and identify tax evaders.