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Bad news for credit card users in Pakistan

⏱ 2 minute read
credit card

The Federal Board of Revenue (FBR) has tightened its grip on non-filers using credit cards for shopping, after identifying over two lakh individuals making regular monthly transactions.

Sources confirmed that the FBR has begun collecting detailed records of credit card transactions to assess the actual income of non-filers. Commercial banks across the country have started sharing data of card users with the tax authority.

Officials said the move is aimed at ensuring transparency and holding accountable those who continue to evade taxes despite substantial spending patterns.

According to sources, individuals filing income tax returns will now be required to disclose all shopping made through credit cards. This step forms part of a broader effort to verify declared incomes against actual expenditure.

The FBR has stressed that taxpayers should file their returns honestly by 15th October, warning that the extended deadline will not be prolonged further.

In a parallel move, the FBR has begun sending SMS alerts to tax defaulters, reminding them of the approaching deadline. Officials noted that those who fail to submit accurate details or ignore tax obligations may face legal action.

Sources added that notices will be issued to individuals spending large amounts via credit cards but failing to file returns. Authorities will also take action against those conducting online business transactions or making large digital payments after the deadline.

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