EDITION: US | UK | Canada
Thecapitalpost.com - Breaking, International, Business, Sports, Entertainment, Technology and Video NewsThecapitalpost.com - Breaking, International, Business, Sports, Entertainment, Technology and Video News
Sign In|Sign Up
 
 
Bridging The Gap
PTI govt's first tax amnesty scheme approved
  Tuesday 14 May, 2019
PTI govt\'s first tax amnesty scheme approved

The Pakistan Tehreek-e-Insaf government announced on Tuesday its first tax amnesty scheme — Asset Declaration Scheme — after it was approved by the federal cabinet.

The announcement was made by Adviser to the Prime Minister on Finance Hafeez Shaikh.

“The main objective purpose of the scheme is not to generate revenue but to document the economy and to bring dead assets into the economy,” he said during a press briefing in Islamabad.

Everyone could be a part of the scheme except public office holders and their dependents, he added.

Last month, the decision was deferred as the cabinet failed to evolve consensus with some ministers saying it could pose political and constitutional challenges for the authorities.

A tax amnesty is a limited-time opportunity for taxpayers to declare their assets and pay a defined amount in exchange for forgiveness of a tax liability, without fear of criminal prosecution.

Source: https://tribune.com.pk/story/1972878/2-pti-govts-first-tax-amnesty-scheme-approved/

Bookmark and Share
 
Post Your Comments:
Name :
*
City / State:
*
Email address:
*
Type your comments:
*
Enter Security Code:   


 Latest News »
 
  Trump attacks Rep. Amash as a ...
  Donald Trump says 'controversi...
  'We would like to get to yes:'...
  Melania Trump hosts the 141st ...
  Donald Trump golfs with Rush L...
  Donald Trump to campaign in Wi...
  Trump celebrates Fox Business ...
  Trump-Kim summit: Fact checkin...
  Trump says U.S., China reach d...
  Trump touts economy, criminal ...
  California sues Trump over nat...
  Donald Trump declares national...
  Read President Trump's full St...
  Trump: I will wait until 'Shut...
  Trump imposes new travel restr...
  Trump says will unveil overhau...
  House Democrats will move to r...
  Donald Trump rejects Democrati...
  Trump aides call on Democrats ...
  Trump plans to visit U.S.-Mexi...
 

Washington, DC

  ©2010 The Capital Post. All rights reserved.