Finance

Federal Cabinet approves tax amnesty scheme

Islamabad, May 14, 2019: The federal cabinet approved the Amnesty Scheme, which will be implemented through a presidential order.

During the federal cabinet meeting under Prime Minister, Imran Khan briefing on Amnesty Scheme and the cabinet approved it with consensus. Sources say that after the approval of the Amnesty Scheme, it will be implemented through a presidential order.

Today, President Arif Alvi will issue a presidential ordinance for Amnesty Scheme. According to sources, Pakistani resident can show assets by paying 4 percent tax whereas people living overseas can also show their assets by paying 6 percent tax. Amnesty Scheme will end on June 30, 2019, it will not be extended.

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