LAHORE – According to some sources, the Federal Board of Revenue (FBR) is set to launch an operation targeting users who flaunt their wealth on social media.
As reported, the FBR has gathered data on roughly 100,000 high-net-worth individuals. Sources also indicate that non-filers who splurge on weddings will be under the microscope. The authority has obtained information on individuals who flaunt their lavish lifestyles online, including large homes, high-end vehicles, jewelry, and other assets.
Furthermore, people wearing expensive suits at weddings will be brought under the tax net. FBR will now require such individuals to declare their assets and sources of income.
The tax authority will compare income tax returns submitted last year with those filed this year. If the tax declarations do not show an increase that aligns with noticeable spending and displays of wealth, actions will be taken against those individuals, according to sources.
