More than 70,000 citizens availed Tax Amnesty Scheme

Tax_Amnesty_Scheme

  • According to FBR spokesperson, 70,000 have availed Prime Minister’s Amnesty Scheme. 
  • 38000 submitted while more than 32000 are in draft form pending before FBR.
  • Under the scheme, people could declare their Benami accounts and no action would be taken against them.

According to spokesperson Federal Board of Revenue, 70,000 have availed Prime Minister’s Amnesty Scheme. He added that 38000 submitted their details while more than 32000 are in draft form pending before FBR.

The Tax Amnesty Scheme assured that if people declare their assets prior to the deadline, no action will be taken against them. They had to register with the FBR and to become a tax filer prior to declaring any assets.

“More than 70,000 citizens have availed the Tax Amnesty Scheme announced by Prime Minister Imran Khan. 38000 submitted while more than 32000 in draft form pending before FBR.” – FBR Spokesperson Hamid Atiq.


Also See: 
People Rush To Register Assets As Deadline For Amnesty Scheme Approaches

The scheme is aimed at improving the foreign exchange reserves of the country and to also increase the number of tax-filers. In developed countries, 80 to 90 percent of taxation is achieved through direct taxation, while Pakistan struggles with broadening its tax net.

 

Shabbar Zaidi said that people could declare their Benami accounts and no action would be taken against them. He assured privacy and security, which lead to a positive outcome.

 “I can promise you all and if anyone has any problem related to this issue can come to me and we would certainly protect them,” he assured in his interview with a local news channel

Adviser on Finance Hafeez Sheikh said that every Pakistani has the right to declare his under declared assets or Benami accounts under the scheme. They can become tax filers by declaring their undeclared assets, and no action would be taken against them.

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