Karachi, January 19, 2025 – The Federal Board of Revenue (FBR) has acquired extensive data on car purchases made over the past five years to initiate a crackdown on individuals with taxable income who have failed to meet their tax obligations. Reliable FBR sources revealed to PkRevenue that excise and taxation departments from all four provinces have provided comprehensive information regarding car registrations and ownership transfers during this period. The data specifically includes individuals who are not listed on the Active Taxpayers List (ATL) but have registered or transferred vehicles in their names. Under the Income Tax Ordinance, it is mandatory for manufacturers, motor vehicle dealers, registration authorities, banks, and leasing companies to furnish monthly statements to the FBR regarding the sale or lease of motor vehicles. These statements must include detailed information such as the buyer’s name and address, National Tax Number (NTN) or Computerized National Identity Card (CNIC) number, car registration number, make and model, engine capacity, year of manufacture, and the date of the vehicle’s first registration in Pakistan. The FBR has now compiled this data and is actively issuing notices to individuals who purchased cars…