Islamabad: The Federal Board of Revenue (FBR) and the National Database and Registration Authority (NADRA) have agreed to work together to send tax notices to 7 million high-income non-tax filers, news sources reported on July 06. The NADRA will exchange information with the FBR in order to detect non-filers based on assets in their names.
According to reports, the government has agreed to enable the FBR to utilise data from the NADRA database in accordance with the FBR Finance Act-2022. According to the recently approved act, the FBR will obtain data from NADRA that will be used to estimate wealth registered in the names of the country’s 7 million high-earner non-taxpayers. NADRA will use Artificial Intelligence (AI) to estimate income based on non-movable assets registered in a person’s name, utility bills, and account transactions. The data will be provided to the FBR as a base to estimate the income.
Tax notifications will also be mailed to non-payers. According to reports, failure to comply with FBR or pay tax amount will allow the FBR to freeze bank accounts and attach properties until the required amount is paid. It is worth noting that the FBR and NADRA earlier agreed to exchange data to expand the tax net and boost tax collection. The government has also set a tax target of PKR 7.4 trillion for the fiscal year 2022-23.
Nauman Ahmad is an imaginative Pisces whose love for literature and nature is unparalleled. When he's not reading or hiking, he's sleeping and eating, which gives him plenty of energy for his next adventure.
