Senator Faisal Vawda said on Thursday the Federal Board of Revenue (FBR) is preparing a strict crackdown on tax evasion, warning individuals and companies that discrepancies between declared income and visible luxury lifestyles will not go unnoticed.
According to a post on X, Vawda said if taxpayers show at least a 15 per cent increase in tax paid in their latest returns compared to last year, their past returns may be overlooked.
However, failure to meet this condition could lead to the opening of previous years' records.
Even those declaring 30 per cent more tax may not be exempt from scrutiny then, he cautioned.
Vawda said lists have been compiled comparing taxpayers' declared income with their luxury lifestyles as showcased on social media platforms. Authorities have advised such individuals to prepare for tax payments accordingly.
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