Deadline for filing assets under Tax amnesty scheme declared as 30th June 2018: FBR
ISLAMABAD: Federal Board of Revenue (FBR) on Friday announced the time limit of filing assets under tax amnesty scheme till June 30th 2018.
FBR spokesperson Dr Iqbal declared the deadline date for filing assets under tax amnesty scheme is until June 30th and it won’t be extended as the department doesn’t have authorization to do it.
According to him, this scheme is a chance to the people to file their local and foreign assets. Moreover, he has warned that the failure of this scheme would bring catastrophic consequences.
Dr Iqbal added, “Foreign assets will taxed two percent while the local assets will be taxed five percent under the scheme.”
However, the main advantage is that no criminal can take advantage from the scheme and it is not for the people holding public office. Also it is untimely to say anything on the revenues from the scheme.