Credit Card Data Mandatory in Tax Returns
The Federal Board of Revenue (FBR) has intensified its monitoring of non-filers who use credit cards for regular shopping and high-value transactions.
As per the official sources, more than two hundred thousand individuals have been identified making monthly purchases through their credit cards without filing tax returns.
The tax authority has started collecting detailed credit card data from commercial banks across the country to evaluate the actual income levels of these individuals.
The move aims to ensure financial transparency and bring habitual tax evaders into the formal tax system through better data integration.
Sources said that income tax filers will now be required to disclose all shopping and payments made through credit cards in their annual returns.
The measure is part of a broader effort by the FBR to compare declared incomes with actual spending habits and detect underreporting.
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The FBR has urged taxpayers to file their returns honestly before the October 15 deadline, warning that no further extension will be granted.
It also emphasized that all declared information will be cross-verified with banking and transaction data to prevent misreporting.
In an another development, FBR has begun sending SMS alerts and notices to tax defaulters, reminding them of their obligations.
Officials said that individuals who make large digital or credit card transactions but fail to file returns may face strict legal consequences.
Authorities have confirmed that the inclusion of credit card transactions will help assess real purchasing power and financial behavior, creating a more transparent and accountable taxation framework.
