ISLAMABAD – Federal Board of Revenue has started process of sending noticesto persons holding undisclosed foreign and local assets after expiry of theamnesty scheme.

According to FBR, it is receiving information of illegal assets ofPakistanis from several countries.

At first, notices will be sent to about six hundred Pakistanis in theUnited Kingdom. The UK tax authorities have shared full details ofPakistanis owning properties and earning rental incomes with FBR.

The FBR has so far collected one hundred twenty one billion rupees underthe recently expired amnesty scheme, including forty four billion rupees onforeign amnesty and seventy seven billion rupees on domestic amnesty.

The collection is expected to go up by five to six billion rupees as theSBP New York branch has not shared the final details with the FBR.