The Federal Board of Revenue (FBR) in Pakistan has given assurances to the International Monetary Fund (IMF) mission during their visit that they will not introduce any new tax amnesty scheme. This development comes as discussions are in progress for the release of the next $710 ...

The government has promulgated the Income Tax Amendment Ordinance, 2021 to change the dates for the extension of the tax amnesty scheme for the construction sector. The Income Tax Amendment Ordinance 2021 has amended the relevant provisions of the Income Tax Ordinance, 2001 to extend the ...

*ISLAMABAD – Federal Board of Revenue (FBR) Chairman Shabbar Zaidi has said that over 150,000 people had benefited from the Amnesty Scheme.* Giving details on Wednesday, he said that further 25,000 cases of ‘benami’ property holders are in the pipeline. “Revenue amounting to Rs70 ...

*ISLAMABAD: The Federal Board of Revenue on Wednesday announced that Rs70bn revenue was collected through ‘Asset Declaration Scheme’.* A FBR spokesperson told the journalists that a total 110,000 people had taken benefit from the tax amnesty scheme and added that over 25,000 people were in ...

*ISLAMABAD: Around 90,000 people benefited from the Assets Declaration Scheme, sources at Federal Board of Revenue said on Monday.* ARY News citing FBR sources, reported that around 42 billion rupees were deposited in the government exchequer with respect to the assets declaration ...

*DUBAI: Pakistan nationals have legalized their assets worth Rs1 trillion in foreign jurisdiction including Rs346 billion in the United Arab Emirates (UAE), highest in a foreign country, Khaleej Times said in a report.* The assets whitened by Pakistanis in UAE, accounting for over one-third (34.5 ...

ISLAMABAD - Despite repeated requests, PM Imran Khan Tax Amnesty Scheme turns out to be failure so far, statistics have revealed. Alarmingly, less than 250 Pakistanis have availed the new tax amnesty scheme so far. According to a report by a local English newspaper, around 250 Pakistanis have ...

ISLAMABAD: The recently announced tax amnesty scheme may fail to achieve desired results due to shortcomings in its design, said former ICCI president Shahid Rasheed Butt on Sunday. “The scheme is full of mistakes and contradictions while it has some weaknesses which are keeping tax consultants ...

ISLAMABAD - PTI government Tax Amnesty Scheme turning out to be a failure as So far as not even a single casee has surfaced in one week out of total six weeks. Despite the passage of a week after the ruling Pakistan Tehreek-i-Insaf government announced its first tax amnesty scheme – for ...

*KARACHI – Federal Board of Revenue (FBR) Chairman Shabbar Zaidi has** cleared the air over Tax Amnesty Scheme.* *He has said that there is no ambiguity in the tax amnesty scheme which will not be changed.* Addressing traders at Karachi Chamber of Commerce on Saturday, he said that relief ...