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Businessmen should avail benefits of current Tax Amnesty Scheme: DC IR Muhammad Ali

Businessmen should avail benefits of current Tax Amnesty Scheme: DC IR Muhammad Ali

LAHORE: Federal Board of Revenue (FBR) organized a seminar on ongoing Tax Amnesty Scheme which was held at Flattei’s Hotel.

The basic purpose of the seminar was to create awareness among business community about the benefits of Tax Amnesty Scheme 2018 and procedure to adopt the scheme.

The seminar was held of Regional Tax Office various renowned businessmen participated in the awareness and motivational session to avail the tax amnesty scheme to legalize their hidden assets which exists within the country and outside the country.

On the occasion, Deputy Commissioner Inland Revenue (DCIR) Muhammad Ali was specially invited and gave briefing to the participants and answered the questions of taxpayers.

Deputy Commissioner Inland Revenue Muhammad Ali said that tax amnesty scheme is unique and first time in Pakistan to legalize hidden assets at minimum tax rates.

He said that this scheme is beneficial for the capitalist/ businessmen as well as for the country and for the nation, so, the maximum people should avail this scheme to legalize their assets and for strength the nation economy of our country.

Talking to participants, he highlighted that now Federal Board of Revenue is connected with Organization for Economic Cooperation and Development (OECD), having complete information about the particulars of Pakistani nationals who have undeclared properties in UK, Dubai and other countries.

So this is a golden opportunity to legalize their assets within and outside our country. The offices of FBR are open and officers are available to facilitate and guide each and every person, Ali said.

In the seminar a renowned businessmen of Beadon Road Lahore and other areas were participated and showed their keen interests in the going tax amnesty scheme.