FBR to Take Action Against 100,000 Influencers Showing Off Luxury Lifestyle on Social Media

The Federal Board of Revenue (FBR) has decided to take action against users flaunting their wealth on social media, sources revealed. According to details, the FBR has collected data on around 100,000 wealthy individuals. Non-filers who spend lavishly on weddings will also face scrutiny, sources said. The authority has gathered information on people showcasing their luxury lifestyle online, including mansions, expensive cars, jewelry, and other assets. Sources disclosed that individuals wearing suits worth as much as $20,000 at weddings will also come under the tax net. The FBR will require such individuals to declare their sources of income. Moreover, the tax authority will compare income tax returns submitted last year with those filed this year. If tax declarations do not reflect an increase in line with evident spending and displays of wealth, action will be initiated against such individuals, sources added.