ISLAMABAD – The Federal Board of Revenue’s (FBR) Lifestyle Monitoring Cell has identified several taxpayers leading extravagant lifestyles while declaring negligible incomes in their tax returns, The News reported on Monday. The cell has submitted dossiers of these suspected tax evaders to FBR headquarters and respective Regional Tax Offices (RTOs) for formal action.
According to the report, multiple individuals, including social media influencers and business owners, have showcased substantial wealth on social media — such as luxury cars, designer items, and frequent international travel — yet reported minimal earnings to the tax authority. One Lahore-based fintech company owner reportedly owns 30 high-end vehicles worth Rs2.74 billion, including two Lamborghini Aventadors and a Rolls-Royce Phantom, none of which were declared in his tax filings.
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FBR’s investigation found significant discrepancies between declared and actual assets. The fintech CEO, registered with FBR since 2019, repeatedly revised his tax returns over the years, increasing declared income and assets such as gold, cash, and even a luxury watch collection. Officials found that the value of his vehicles alone was 937 times greater than his declared net assets for 2019.
Similarly, a Lahore-based travel influencer who visited more than 25 countries from 2021 to 2025 declared annual incomes ranging from just Rs442,000 to Rs3.79 million. Another Islamabad-based model and content creator, who owns luxury brands like Louis Vuitton, Gucci, and Dior, also showed low declared income despite displaying a lavish lifestyle online.
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The crackdown comes as the FBR faces mounting pressure to meet its ambitious Rs14.13 trillion annual tax target, with a reported shortfall of Rs274 billion during the first four months of the fiscal year. The Lifestyle Monitoring Cell’s findings highlight a growing concern over undeclared wealth and the use of social media as a tool to expose potential tax evasion.