*ISLAMABAD – The FBR is going to take action against people with undeclaredassets abroad and tax evaders within Pakistan.*

The FBR had introduced the tax amnesty scheme to widen the tax net. As partof the scheme, Pakistanis could declare assets abroad without anyrepercussions.

Over 500 Pakistanis with undeclared assets abroad have been issued noticesby the FBR.

An official of the FBR said that action will now be taken against thosePakistanis who did not avail the tax amnesty scheme.

The board of revenue has asked other countries to help catch these taxevaders. Britain has already provided information about Pakistanis withaccounts there and the FBR is still awaiting an answer from Dubai.

Other countries under the Organisation for Economic Cooperation andDevelopment, of which Pakistan is a part, are being asked to provide listsof Pakistanis with bank accounts or other assets in their countries.

Around 70,000 people declared their assets as part of the amnesty schemeand a record Rs120 billion in taxes were collected.