ISLAMABAD: The Federal Board of Revenue (FBR) has decided to launch a crackdown against tax defaulters as data of 50,000 bank accounts being operated by the Pakistanis across the world, has been traced out, ARY News reported on Wednesday.
According to the well-informed sources, the FBR has initiated first phase of crackdown against the tax defaulters and hoped that more details in this regard to be received in upcoming days.
“The accounts traced so far were being operated in Spain, Italy, France, Germany and other countries and bulk of them were held by the people of Karachi, Lahore and Islamabad,” the sources said.
The sources within FBR further added that, according to law, the information of the account holders will be kept confidential.
Read more: FBR readies plan for operation against high net-worth people
The FBR has traced down as many as 867 properties of Pakistani nationals in Dubai worth rupees 38 bn.
“As many as 316 people legalized their properties through amnesty scheme by paying tax of rupees 1.2 bn,” the sources informed ARY News.
Minister of State for Revenue Hammad Azhar had recently said that number of taxpayers in the country have increased by 30 per cent during a year, adding that so far 1,400,000 taxpayers had filed their tax returns.
