{"id":49247,"date":"2019-02-14T13:02:51","date_gmt":"2019-02-14T08:02:51","guid":{"rendered":"https:\/\/www.zameen.com\/blog\/?p=49247"},"modified":"2019-02-14T13:02:51","modified_gmt":"2019-02-14T08:02:51","slug":"fbr-issues-notices-to-6451-wealthy-non-filers","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/fbr-issues-notices-to-6451-wealthy-non-filers.html","title":{"rendered":"FBR issues notices to 6,451 wealthy non-filers"},"content":{"rendered":"<p>Islamabad: The tax authorities have issued notices to at least 6,451 high-net worth individuals, according to Federal Board of Revenue (FBR) Chairman Jehanzeb Khan.<\/p>\n<p><strong>Read<\/strong>:\u00a0<a href=\"https:\/\/www.zameen.com\/news\/property-investment-fbr-authorised-to-probe-income-source.html\">Property investment: FBR authorised to probe income source<\/a><\/p>\n<p>He was briefing Finance Minister Asad Umar during the inaugural meeting of FBR\u2019s Policy Board. He informed that the federal agency had so far recovered PKR 245 million form high-net worth individuals.<\/p>\n<p>In a similar effort, FBR identified 4,961 undeclared offshore properties and discovered 152,201 Pakistanis who have stashed their assets abroad (reportedly for tax evasion purposes).<\/p>\n<p>Moreover, the FBR made several changes to its policy framework; such as separating tax policy from administrative control, preparing a draft pertaining to the agency\u2019s transformation plan, ratifying a Swiss treaty on double taxation, electronically linking retailers with the agency, and establishing an integrity management unit.<\/p>\n<p><strong>Read<\/strong>:\u00a0<a href=\"https:\/\/www.zameen.com\/news\/fbr-gets-details-of-50000-foreign-bank-accounts.html\">FBR gets details of 50,000 foreign bank accounts<\/a><\/p>\n<p>In response, Finance Minister Asad Umar directed to seek assistance from the Senate Standing Committee on Law with regard to reviewing FBR laws &#8211; in a bid to ascertain the revenue body\u2019s authority.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The tax authorities have issued notices to at least 6,451 high-net worth individuals, according to Federal Board of Revenue (FBR) Chairman Jehanzeb Khan. Read:\u00a0Property investment: FBR authorised to probe income source He was briefing Finance Minister Asad Umar during the inaugural meeting of FBR\u2019s Policy Board. He informed that the federal agency had so far recovered PKR 245 million form high-net worth individuals. In a similar effort, FBR identified 4,961 undeclared offshore properties and discovered 152,201 Pakistanis who have stashed their assets abroad (reportedly for tax evasion purposes). Moreover, the FBR made several changes to its policy framework; such as separating tax policy from administrative control, preparing a draft pertaining to the agency\u2019s transformation plan, ratifying a Swiss treaty on double taxation, electronically linking retailers with the agency, and establishing an integrity management unit. Read:\u00a0FBR gets details of 50,000 foreign bank accounts In response, Finance Minister Asad Umar directed to seek assistance from the Senate Standing Committee on Law with regard to reviewing FBR laws &#8211; in a bid to ascertain the revenue body\u2019s authority.<\/p>\n","protected":false},"author":67,"featured_media":49248,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[],"tags":[10483],"persona":[],"class_list":{"0":"post-49247","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"tag-fbr-issues-notices-to-6451-wealthy-non-filers"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>FBR issues notices to 6,451 wealthy non-filers - Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: The tax authorities have issued notices to at least 6,451 high-net worth individuals, according to Federal Board of Revenue (FBR) Chairman\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/fbr-issues-notices-to-6451-wealthy-non-filers.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FBR issues notices to 6,451 wealthy non-filers - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Islamabad: The tax authorities have issued notices to at least 6,451 high-net worth individuals, according to Federal Board of Revenue (FBR) Chairman\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/fbr-issues-notices-to-6451-wealthy-non-filers.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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