May 4, 2024

Pkrevenue.com

Pakistan Revenue

Tag: amnesty scheme

FBR issues Urdu version of Tax Amnesty Scheme – 2019
May 22
Taxation

FBR issues Urdu version of Tax Amnesty Scheme – 2019

ISLAMABAD: Federal Board of Revenue (FBR) on Wednesday issued Urdu version of presidential ordinance for Tax Amnesty Scheme – 2019. The FBR said that the Urdu translated version had been issued for the facilitation of people to understand the scheme and participate/avail proactively. However, the FBR said that the translated version can not be referred […]

by
Read More
FBR chairman warns unregistered industrial, commercial consumers of penal action
May 22
Taxation

FBR chairman warns unregistered industrial, commercial consumers of penal action

ISLAMABAD: Syed Muhammad Shabbar Zaidi, Chairman, Federal Board of Revenue (FBR) Wednesday warned industrial and commercial consumers of gas and electricity to get registered with sales tax authorities, otherwise penal action will be initiated from July 01, 2019. Addressing a press conference, he said that currently there were around 341,174 industrial electricity connection and 7000 […]

by
Read More
SRB launches amnesty scheme for exemption from penalty
May 21
Taxation

SRB launches amnesty scheme for exemption from penalty

KARACHI: Sindh Revenue Board (SRB) on Monday launched an amnesty scheme to exempt penalty amount on payable as sales tax on services. However, concession has been granted on the payment of default surcharge. The SRB issued notification stating that the provincial revenue board had exempted the whole of the amount of penalty and such of […]

by
Read More
Tax amnesty scheme step in right direction: FPCCI
May 18
Trade & Industry

Tax amnesty scheme step in right direction: FPCCI

KARACHI: The members of Federation of Pakistan Chambers and Commerce of Industry (FPCCI) have unanimously declared the recently announced tax amnesty by the present government is step in right direction. The FPCCI held an emergent meeting of its members at its head office Karachi on Saturday under the chairmanship of Abdul Rauf Mukhtar, Acting President […]

by
Read More
Black money invested in immovable properties allowed whitening at just 1.5 percent of tax
May 17
Exclusive, Taxation

Black money invested in immovable properties allowed whitening at just 1.5 percent of tax

KARACHI: The government has allowed whitening of money investment in immovable properties at nominal income tax rate of 1.5 percent on declaration made by June 30, 2019. The federal cabinet approved tax amnesty scheme 2019 for undeclared domestic and foreign assets, which was also promulgated through presidential ordinance. The government allowed undeclared immovable properties at […]

by
Read More
Amnesty Scheme -2019: text of presidential ordinance
May 16
Taxation

Amnesty Scheme -2019: text of presidential ordinance

SLAMABAD: The amnesty scheme announced by the government for foreign and domestic undeclared assets a day earlier has been launched through promulgation of presidential ordinance on Wednesday. Following is the text of the presidential ordinance: An ORDINANCE To provide for voluntary declaration of undisclosed assets, sales and expenditure WHEREAS there is a reportedly large scale […]

by
Read More
Amnesty Scheme 2019 unveiled; 4pc tax for documenting hidden assets; applicable till June 30
May 15
Taxation

Amnesty Scheme 2019 unveiled; 4pc tax for documenting hidden assets; applicable till June 30

ISLAMABAD: The federal government finally announced tax amnesty scheme 2019 for people having undisclosed assets to become part of documented economy. The scheme has been announced at four percent of tax to declared hidden assets other than immovable properties. The scheme is available for Pakistani citizens who have evaded taxes other than public office holders. […]

by
Read More
Federal cabinet approves money whitening scheme
May 14
Finance, National

Federal cabinet approves money whitening scheme

ISLAMABAD: The federal cabinet on Tuesday approved a scheme to whiten money through declaration of concealed / hidden assets. Prime Minister Imran Khan chaired the meeting of the federal cabinet. The cabinet approved the asset Declaration Scheme, 2019 besides discussing a 17 point agenda. Attorney General for Pakistan made a detailed presentation to Cabinet about […]

by
Read More