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Govt may launch Tax Amnesty Scheme for two months

Govt may launch Tax Amnesty Scheme for two months

ISLAMABAD: The government may launch much debated tax amnesty scheme for the last two months of current fiscal year and conclude it before beginning of IMF loan program.

Sources said that the government was intending to introduce the scheme for undeclared assets during the period of May – June 2019. The sources said that the IMF loan program, if agreed, would be implemented from July 01, 2019.

Earlier this month the finance ministry made presentation and recommended the scheme should be available till September 2019 in order to provide option to people to take benefit.

In a meeting held a day earlier with officials of Federal Board of Revenue (FBR), Dr. Abdul Hafeez Shaikh, Adviser to Prime Minister on Finance, Revenue and Economic Affairs discussed the amnesty scheme.

The meeting pondered upon the tax rates and duration for the amnesty scheme. However, the upcoming visit of IMF delegation by this week the government authorities would discuss the amnesty scheme.