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Tag: USAS

budget shaukat tarin

Self assessment scheme to facilitate taxpayers: Tarin

August 20, 2021January 5, 2024Faisal Shahnawaz

KARACHI: Finance Minister Shaukat Tarin on Friday said that the Universal Self Assessment Scheme (USAS) has been reintroduced. This scheme will facilitate taxpayers in declaring income and assets.

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Automated scrutiny of tax returns to end universal self assessment scheme

June 20, 2020July 14, 2024Mrs. Anjum Shahnawaz

The Federal Board of Revenue (FBR) has introduced a significant policy shift through the Finance Bill 2020, proposing the automated scrutiny of all income tax returns, which may signal the end of the Universal Self-Assessment Scheme (USAS) in Pakistan.

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