Pakistan Revenue
You can find all the stories related to amnesty scheme in this section. Pakistan Revenue committed to provide updated stories related to amnesty scheme.
KARACHI: Tax practitioners of Karachi Tax Bar Association (KTBA) have urged Prime Minister of Pakistan Imran Khan to extend the last date for availing tax amnesty scheme to July 31, 2019 from existing June 30, 2019. In a letter sent to Prime Minister Imran Khan on Saturday, the KTBA requested for extension of due date […]
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ISLAMABAD: Federal Board of Revenue (FBR) on Thursday said that cases pending before the Alternate Dispute Resolution Committee (ADRC) can avail tax amnesty scheme. The FBR clarified that taxpayers can resolve all their tax cases which are pending in Dispute Settlement by availing Assets Declaration Ordinance-2019. All such cases can be settled through Section-6 (4) […]
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ISLAMABAD: Persons having offshore undeclared assets in Panama and Paradise leaks can avail the latest Asset Declaration Scheme 2019, according to a presentation made by Federal Board of Revenue (FBR). According to the presentation made available to PkRevenue.com, Panama and Paradise leaks/offshore property holders can also avail the latest asset declaration scheme 2019, which is […]
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KARACHI: The State Bank of Pakistan (SBP) on Wednesday relaxed non-filer condition for depositing into to foreign currency accounts in order to facilitate declarants of tax amnesty scheme 2019. Referring Assets Declaration Ordinance, 2019 (ADO), the central bank said that the Ordinance had been promulgated with a view to provide for voluntary declaration of undisclosed […]
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ISLAMABAD: Federal Board of Revenue (FBR) has made special arrangements on the last three days of the outgoing fiscal year to facilitate declarants of tax amnesty scheme and income tax return filers besides generating revenue by closing till June 30, 2019. The FBR directed all the offices of Inland Revenue to remain open and observe […]
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KARACHI: Federal Board of Revenue (FBR) has warned the owners of luxury motor vehicles of harsh punishment in case they are remained non compliant and failed to declare these vehicles under Asset Declaration Scheme. In this regard the Regional Tax Office (RTO)-II Karachi has obtained details of 13,193 luxury vehicles from Excise and Taxation department […]
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KARACHI: People will find no place to conceal their untaxed money from next month as Federal Board of Revenue (FBR) planned a comprehensive plan to bring all taxable income into tax net, Badaruddin Ahmad Qureshi, Chief Commissioner Inland Revenue (CCIR), Regional Tax Office (RTO)-II, Karachi at a press conference on Thursday. He said that FBR […]
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ISLAMABAD: Federal Board of Revenue (FBR) has outlined course of action in scenario of post July 01, 2019 and some of motives are visible in the Finance Bill 2019. In a statement issued on Thursday, the FBR said that the primary objective of the government is to improve confidence/trust level between the taxpayer and the […]
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KARACHI: State Bank of Pakistan (SBP) on Thursday issued procedure for repatriation of foreign assets held in the form of shares of a company incorporated in Pakistan, under Asset Declaration (Procedure & Conditions) Rules, 2019. The central bank said that in terms of Sub-Rule 6 of Rule 4 of the Assets Declaration (Procedure and Conditions) […]
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KARACHI: Federal Board of Revenue (FBR) has issued notices to unregistered commercial and industrial electricity connection holders to file their returns of incomes and sales otherwise from July 01 the tax authorities would initiate legal action that may lead to imprisonment. Large Taxpayers Unit (LTU) II Karachi issued notices to electricity connection holders of commercial […]
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