The Federal Board of Revenue (FBR) has formally launched a crackdown against holders of black money by officially enforcing Section 175C of the Income Tax Ordinance, 2001, in a bid to integrate the undocumented economy into the formal sector.
The move is part of FBR’s broader strategy to curb tax evasion and bring non-registered economic activity under legal oversight. The newly enforced section grants Inland Revenue officers the authority to deploy at business premises without prior notice to monitor real-time transactions and compliance.
Under the ordinance, the FBR now has the power to position officers at a wide range of service-providing establishments, including restaurants, hotels, guest houses, marriage halls, clubs, courier and cargo services, beauty salons, clinics, hospitals, laboratories, gyms, health clubs, foreign exchange dealers, photographers, and other service businesses.
This robust implementation aims to reduce tax evasion and ensure that previously undocumented sectors contribute to the national revenue. Experts view it as a pivotal step toward fiscal transparency and economic regulation.
