The Special Assistant to PM on Revenue Dr. Waqar Masood said that, Approximately 7.4 million potential tax evaders have been identified by the Federal Board of Revenue, The potential tax evaders have transactions worth billions of rupees, have paid withholding tax on the purchase of properties, vehicles, and other luxurious items but refuse to come into the tax net,
The SAPM said the FBR identified 250,000 individuals out of 1 million filers who claimed “absolutely no income” but were found to have paid Rs.20 billion in withholding taxes which means their “transactions are worth over Rs.200 billion”.
FBR served “very polite” tax notice to 70,000 biggest asset holders excluding the salaried persons, He said
Dr. Waqar Masood was convinced the technology will help make tax evasion impossible.
He further shared that the tax authority divided the database of 7.4 million National Tax Number (NTN) holders into 4 to 5 classes, adding that the data showed only 2.7 million filed tax returns while 3.7 million did not file returns for the last 5 years.
The SAPM said that, When FBR analysed their data, they found Rs100 billion paid in withholding taxes. It indicates that they were conducting transactions worth billions of rupees.
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