FBR to lay hands on ‘big fish’

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ISLAMABAD: Federal Board of Revenue (FBR) has decided to bring all the ‘big fish’ into the tax net by targeting members of the costly clubs and those owning luxury vehicles.

Sources said that one thousand notices would be sent every month to the targeted wealthy persons not paying taxes.

Following the shortfall in tax collection during three months of the new government, FBR has moved into action and started laying hands on the all those wealthy persons owning costly limousines, enjoying memberships of the elite clubs, other luxuries and yet not paying any tax whatsoever.

Sources said that FBR has already completed the necessary paperwork in this regard and would start sending one thousand notices every month.

FBR has also sought the help from the banks for preparing the list of all such persons evading taxes.

Earlier, the World Bank in its report had said that Pakistan tax collection could rise by Rs700 billion, if corruption and irregularities eliminated. (GNN) (Geo) (Yoogle)