The Federal Bureau of Investigation (FBR) has carried out a successful raid against two major real estate developers in Lahore.
According to reports, several teams from the Federal Board of Revenue (FBR) conducted raids at the offices of Al Noor Orchards and Al Kabir Town in Lahore, following directives associated with tax enforcement initiatives from the Chief Tax Office (CTO) Lahore.
Officials stated that five collaborative FBR teams were involved in the raid, during which they seized business records and financial documents from previous years for further investigation.
According to sources, the purpose of this action was to assess tax compliance, payment histories, and financial dealings of the developer groups.
Al Kabir Town is a major private housing development located on Raiwind Road, created by Al-Kabir Developers, and has drawn both investment interest in the past few years.
In 2020, the National Accountability Bureau (NAB) investigated claims of fraud and improper approvals involving the company.
However, the developer has consistently denied any allegations of misconduct, stating that all necessary approvals were secured prior to the commencement of development activities.
FBR reveals plans to tax social media influencers
Earlier, the Federal Board of Revenue (FBR) decided to include social media earnings into the tax net.
According to officials, the FBR devised a strategy to collect taxes from digital income and invited experts to submit their recommendations within a week.
After this consultation period, a final framework for tax collection would be introduced, with all feedback and objections reviewed in advance.
The taxation of social media income is expected to be carried out under a special procedure outlined in Article 99-C.
Read more: FBR unveils plan to tax digital creators
