Islamabad, February 23, 2025 – The Federal Board of Revenue (FBR) has collected crucial provincial data to broaden the tax base and identify high-net-worth individuals who may not be fully contributing to national revenue.
According to sources, the FBR has obtained extensive records on property ownership, vehicle registrations, and other financial transactions from provincial authorities.
The FBR is currently analyzing this data to track individuals with lavish lifestyles and significant assets that have not been declared. By using this information effectively, the tax authorities aim to unearth hidden wealth, ensuring that all eligible taxpayers contribute their fair share.
According to officials, the FBR has now acquired vehicle ownership data of over 21 million individuals from all four provinces. Additionally, development authorities have shared details of over 100,000 citizens, while provincial revenue departments have provided more than 20,000 CNIC-centric records. Moreover, provincial land authorities have handed over land-related data for over 23 million people to the FBR, significantly enhancing its database for tax enforcement.
The provincial Food Authorities and Minerals & Mines Departments have also contributed CNIC-linked data to the FBR, further strengthening its ability to track unregistered wealth. However, despite the vast amount of raw data collected, officials caution that merely possessing property ownership and luxury vehicle registration records will not automatically translate into a broader tax base. Effective processing and verification will be necessary to identify tax evaders.
In a parallel effort, the FBR has also obtained critical financial data from the National Database and Registration Authority (Nadra). This information covers over 50 million high-net-worth individuals, including details on their bank accounts, luxury vehicle ownership, property investments, and international travel records. The aim is to cross-check financial activity and ensure that those who can afford to pay taxes are properly registered.
The FBR and Nadra have recently strengthened their collaboration to improve data-sharing mechanisms. Under Section 175B of the Income Tax Ordinance, Nadra is now legally bound to share its records with the FBR whenever requested, facilitating better enforcement of tax laws.
With these enhanced measures, the FBR is expected to take decisive action against non-filers and expand the taxpayer base, ensuring greater compliance and increased revenue generation for economic stability.