Islamabad, August 4 (TNS): After the completion of the amnesty scheme period, the Federal Board of Revenue (FBR) on Saturday has decided to take action against those who have offshore assets abroad.
According to the FBR sources, notices will be issued to personnel who possess offshore assets in UK and Dubai.
Notices were sent to around 450 people in Dubai and 250 in UK by the FBR.
The notices were issued to all owners of illegal properties abroad through Information Technology wing of FBR.
After 1st September FBR will start crackdown against all those members who possess assets and offshore companies abroad and will investigate the money trail of each individual and their means of income.
Around 101 countries will then be bound to exchange information pertaining to the assets of individuals.
According to OECD pilot project, the information related assets of these personnel have been obtained.
