ISLAMABAD: Federal Board of Revenue (FBR) Chairperson Rukhsana Yasmin on Monday said an investigation has been initiated against Pakistanis who own immovable property in the United Kingdom.
“The investigation is being conducted against those individuals who did not avail the government’s tax amnesty scheme,” she explained.
The FBR chairperson further shared, “We have received information of those Pakistanis who illegally own property in the United Kingdom.” “The data was received from UK Tax Authorities,” Yasmin said.
Last month, the FBR chairperson said that the response to the amnesty scheme announced at the start of the year was disappointing.
Addressing FBR employees at the Tax House, Yasmin had said that mostly Karachi and Lahore residents availed the scheme and the response from Central and South Punjab was disappointing. Only 55,000 people availed the scheme, she added.
The tax amnesty scheme, announced by the PML-N government earlier this year, came into effect on April 10, 2018 and ran till June 30, 2018.
The scheme was cited as an opportunity for people to file their local and foreign assets without facing any consequences. The FBR had warned that holders of undeclared local and foreign assets would face dire consequences if they did not declare assets after expiry of the tax amnesty scheme.
Now the expected next Prime Minister of Pakistan Imran Khan has made it clear that he will retrieve the looted wealth that was secretly placed in the UK by corrupt politicians. So it seems that those who are hiding any of their assets now need to be careful. It’s time to pay for looting Pakistan’s money for your personal aims and goals.
