Tax evaders about to get cornered by FBR. In Lahore, the Federal Board of Revenue (FBR) has taken a significant step towards combatting tax evasion by initiating a comprehensive nationwide operation. This proactive measure aims to ensure tax compliance across the country.
To kick off this initiative, FBR authorities have meticulously compiled a list of approximately 11,000 individuals and entities hailing from major cities such as Lahore and Karachi. This list encompasses a diverse spectrum of professionals, including industrialists, mill owners, traders, and property dealers, among others.
The rationale behind including these individuals and entities in the list stems from their comparatively delayed entry into the tax system, which has raised concerns regarding potential tax evasion.
To further substantiate these concerns, substantial evidence has been gathered against these entities. They have been formally notified and are required to submit the necessary documentation within one week to address these matters in compliance with tax regulations.