The Federal Board of Revenue (FBR), as part of a widespread crackdown on theft, has issued tax notices to jewelry that are not paying taxes.
According to sources, notices have been presented for jewelery in Rawalpindi, Islamabad, Faisalabad, and Multan, to clarify their tax issues.
In a related move, the FBR also raided a large real estate company in Islamabad.
The action came a day after the revelation of the information that the FBR had collected data on 60,000 jewelry across the country. Of these, only 21,000 are registered with the authority, and only 10,524 have submitted tax declarations.
Most jewelry is reporting to reduce their income to avoid taxes, sources said. The FBR has launched the implementation measures, which has begun from the list of 900 jewelers in Punjab, of which Lahore, Rawalpindi, Faisalabad and Multan are based.
Officials confirmed that notices were being issued in the first phase, targeting matters where the announced income is not similar to business work or lifestyle.