Billionaire Musharraf Paid No Tax for Years (Offshore accounts)

Billionaire Musharraf paid no tax for years

Ansar Abbasi
Saturday, January 04, 2014
From Print Edition


ISLAMABAD: General (retd) Pervez Musharraf whose billions in offshore accounts were unearthed by The News and who consumes millions of rupees from the public kitty for his security and is presently enjoying free treatment at the cost of taxpayers’ money and always talks about “Pakistan first”, does not pay even a single penny as tax.

According to sources, Musharraf, who had a successful but dubious journey from rags to riches, did not pay any tax for the last at least four years. Instead, while violating the law of the land, he did not even bother to file his income tax return for the year 2013.

Though the sources claim that Musharraf has even concealed his offshore wealth from the tax authorities, in his nomination papers filed for the May 2013 elections he declared the total value of his assets at Rs645 million. However, this amount is far less than the amount shown in his offshore accounts by The News in 2012.

Musharraf’s National Tax Number (NTN) is 00187208. For the 2013 tax assessment year ending June 30, Musharraf neither filed his return electronically nor manually although under the law he was supposed to do it electronically.

http://www.thenews.com.pk/Todays-News-13-27727-A-billionaire-Musharraf-paid-no-tax-for-years