Govt extends Asset Declaration Scheme deadline to July 3

Islamabad 1st July: The federal government has decided on Sunday to extend the deadline for Asset Declaration Scheme till the end of banking hours on July 3.

Prime Minister’s Adviser on Finance Dr Hafeez Sheikh made the announcement in a press conference in Islamabad.

He also stated that in view of the productive response to the asset declaration scheme, it has been decided to extend the amnesty scheme by three more days to facilitate the public, Information Adviser Firdous Ashiq Awan, State Minister for Revenue and Finance Hammad Azhar and Federal Board of Revenue (FBR) Chairman Shabbar Zaidi were also present on the occasion.
He also appealed to the public to take advantage to the fullest of the amnesty scheme and kindly avoid any problems in the future.

The adviser has announced that a “Benami Commission” has also been made to investigate the assets which are still lying vacant and have not been declared under the amnesty scheme and added that the commission will start its proceedings after the deadline on July 3.

The announcement came a day after Federal Minister for Water Resources Faisal Vawda announced extension in the deadline on Twitter. FBR Chairman Shabbar Zaidi, however, blasted the reports.

Prime Minister Imran Khan on Thursday mentioned that there might be a possibility of extending the deadline of the assets declaration scheme.
Last month, the PTI government had announced its first tax amnesty scheme for whitening of undisclosed expenditures, sales and assets, including foreign assets, at nominal tax rates which came into effect through a presidential ordinance.

Leave A Reply

Your email address will not be published.