The information would then be compared with their annual income tax returns and wealth statements submitted with the FBR. He added that the offshore information did not have companies’ names, which was also not the requirement under the offshore wealth statement format. There is no full time Director General of International Taxes FBR for almost one and a half years, indicating the matter remained at low priority of the authorities. Some of the people who have been named in the Pandora papers have already declared their offshore assets. The NBP president said that he declared all assets and this year paid taxes on international income.

Source: The Express Tribune October 05, 2021 05:26 UTC