President Alvi signs ordinance for approving tax amnesty scheme
ISLAMABAD: President Arif Alvi today signed off on the ordinance confirming the extension in the tax amnesty scheme.
On Tuesday, Federal cabinet approved the amnesty scheme in a session chaired by Prime Minister Imran Khan in Islamabad. The tax amnesty scheme allows citizens to declare previously offshore assets in a bid to identify high earners for more efficient tax collection.
As per Adviser to PM on Finance Abdul Hafeez Sheikh, every Pakistani citizen except for public office holders and their dependents could avail this scheme to declare all previously undisclosed and offshore assets either abroad or in Pakistan.