- Home
- Business
- News
- Tax Amnesty Scheme receives overwhelming response: Spokesman Federal Board of Revenue
Tax Amnesty Scheme Receives Overwhelming Response: Spokesman Federal Board Of Revenue
Faizan Hashmi Published June 22, 2018 | 11:19 PM
Tax Amnesty Scheme was receiving encouraging results and its success would help resolving the current account deficit and balance of payment issues.
ISLAMABAD, (UrduPoint / Pakistan Point News - 22nd Jun, 2018 ) :Tax Amnesty Scheme was receiving encouraging results and its success would help resolving the current account deficit and balance of payment issues.
This was stated by spokesman of Federal board of Revenue (FBR) Dr Muhammad Iqbal on Friday while addressing a press conference here at FBR House.
Muhammad Iqbal said the number of beneficiaries under tax amnesty scheme was increasing everyday.
He said under the scheme, the people could benefit by declaring their domestic and foreign assets as they would have to pay only a nominal tax under the scheme.
To a question, the spokesman said last date of the scheme was June 30 and he did not have any authority to extend last date of the scheme.
Iqbal said keeping in view the benefits of tax amnesty scheme, the caretaker set up was also fully committed to ensure success of the scheme.
He said government as well as public representatives were not eligible to take benefit from the scheme while people involved in different crimes were also not allowed to benefit from it.
To a question, Dr Iqbal pointed out that FBR's mandate was to increase revenue collection simultaneously with the increased economic activities in the country.
He said the FBR was also taking special measures to simplify the taxation system to facilitate the taxpayers.
In this regard, he said the FBR would also introduce single page tax return for the salaried class.
Related Topics
Recent Stories
ICC Womens T20 World Cup Qualifier, Match 2: Ireland Women open with Comfortable ..
Robinson, bowlers help New Zealand go 2-1 up against Pakistan
Shahzeb Chachar to hold khuli kachehri on April 26
Heatwave amid Israel's aggression in Gaza brings new misery, disease risk
Tourism must change, mayor says as Venice launches entry fee
Court adjourns Judicial Complex attack case till May 17
Nasreen Noori’s book ‘Popatan Jahra Khwab’ launched
Wafaqi Mohtasib inspection team visits Excise and taxation office
AJLAC announces 5th Conference titled ‘People’s Mandate: Safeguarding Civil ..
Pak-US officials engage to enhance trade, investment ties
IBCC to promote educational excellence, expand regional presence
Pakistani 'Blue Helmets' serving UN Peacekeeping Mission in DR Congo set to leav ..
More Stories From Business
-
Chinese minister felicitates Ahsan Iqbal on reappointment as Planning minister
6 hours ago -
Pak-US officials engage to enhance trade, investment ties
7 hours ago -
Stocks fall as tech shares sink, US economy slows
8 hours ago -
Higher taxes, awareness help decrease cigarettes sale in Pakistan
9 hours ago -
Ahsan Iqbal chairs CPEC JWGs, 13th JCC review-meeting
9 hours ago -
Industries Minister recommends urea fertilizer import to stabilize prices and supply
9 hours ago
-
Honda announces US$11 bn EV battery and vehicle plant in Canada
9 hours ago -
Zhao Shirin calls on Punjab Industries Minister
10 hours ago -
CEO APM Terminals calls on Finance Minister
10 hours ago -
SACM visits GTVC checks attendance register
10 hours ago -
CEO APM Terminals meets Commerce Minister
10 hours ago -
RTO destroys huge quantity of non-duty paid cigarettes
10 hours ago