The Federal Board of Revenue (FBR) has decided to gradually audit millions of income tax returns, and according to the authority, major investors, CEOs, and officials’ returns will also come under scrutiny.
An FBR official stated, “In the first phase, a desk audit of 7 to 10 million tax returns will be conducted to identify short-filers, low-tax payers, and those hiding their actual income. Returns flagged during this process will undergo a physical audit.”
The official further added that AI and advanced data analysis systems will be used for desk audits and evaluations, and if any return is found to be incorrect, heavy fines and legal action will follow. According to FBR, 25% more low-tax payers are expected to be caught compared to last year.
The FBR has approved its 2025 audit plan, and it is expected that the number of tax returns could exceed 7 million by November 30.
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