The Federal Board of Revenue (FBR) has intensified its efforts to monitor credit card users in Pakistan. More than two lakh individuals have been identified making monthly transactions through their cards. Commercial banks have now started providing detailed records of these transactions directly to the FBR.
According to officials, this initiative is designed to track spending patterns and identify non-filers who continue to evade taxes. The move reflects the government’s push for greater financial transparency and accountability.
Credit Card Transactions Must Be Declared in Tax Returns
Individuals filing income tax returns will now be required to disclose all shopping and payments made through their credit cards. This measure allows the FBR to compare declared incomes with actual spending.
The tax authority has also reminded citizens to file their income tax returns honestly by October 15. Officials have clarified that the extended deadline will not be prolonged beyond this date.
Notices and SMS Alerts to Tax Defaulters
In addition, the FBR has begun sending SMS alerts to remind defaulters of their obligations. Notices will also be issued to those who spend heavily through credit cards but fail to file their returns.
Authorities have warned that individuals who continue to hide their financial activities may face legal action. The scope of monitoring includes online business transactions, large-scale digital payments, and other high-value card activities.
FBR’s Warning to Non-Filers
Officials stressed that credit card spending will now play a crucial role in assessing financial capacity. They noted that accurate disclosure of all banking transactions is mandatory to avoid penalties. The aim is to ensure that declared income levels match actual financial behavior.
By linking credit card usage to income tax filing, the FBR intends to close loopholes that previously allowed tax evasion. This step is part of broader reforms targeting both transparency and compliance across Pakistan’s financial sector.
