*ISLAMABAD: Around 90,000 people benefited from the Assets DeclarationScheme, sources at Federal Board of Revenue said on Monday.*
ARY News citing FBR sources, reported that around 42 billion rupees weredeposited in the government exchequer with respect to the assetsdeclaration scheme.
Adviser to Prime Minister on Finance, Abdul Hafeez Shaikh on Sundayannounced the government’s decision to extend the deadline of the assetsscheme till July 3.
According to sources, the number of the beneficiaries of the scheme likelyto reach to 1,00,000 till the expiry of the scheme.
Total volume of the tax revenue from the amnesty scheme could likely toreach 70 billion rupees, sources further said.
The FBR missed its annual revenue collection target of Rs4.150 trillion inFiscal Year 2018-19, which ended on June 30 (yesterday).
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The tax authority received Rs3.820 trillion in revenues, missing the taxtarget by nearly Rs330 billion despite a better response to the tax amnestyscheme.
It is to mention here that most of the people who benefited from the assetsdeclaration scheme were not tax payers earlier, according to sources.
It is for the first time that the number of tax filers have passed the twomillion mark in the country, sources added.
