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Finance Ministry seeks detailed report about beneficiaries of Tax Amnesty Scheme 2018

Finance Ministry seeks detailed report about beneficiaries of Tax Amnesty Scheme 2018

ISLAMABAD: Finance Ministry asked Federal Board of Revenue (FBR) to submit detailed report of beneficiary of Tax Amnesty Scheme 2018, it is learnt here.

Official sources told Customs Today that Finance Ministry has directed FBR to submit separate details of national and international beneficiaries of Tax Amnesty Scheme 2018.

Meanwhile, it is also directed regarding how much of concessional tax are paid and announced for the national and international assets-holders, sourced added.

Sources also added that finance ministry also sought detailed report regarding how much assets are declared by the international and national assets-holders and how much are paid to national exchequer under the Tax Amnesty Scheme.

FBR has also been directed by Finance Ministry regarding the international and national assets-holder separately who are submitted due tax challan; however, they can’t declare that properties for which they submitted the taxes while also provide details report regarding the 3,661 people who have filed declaration draft under amnesty scheme 2018 and also generated payment slip ID; however, these people didn’t pay the taxes till due date, sources added.

Sources informed that FBR has directed all field formations to provide all such details in separate report for national and international beneficiary of Tax Amnesty Scheme 2018.