Assets Declaration Act News Today

The fact that the govt had to come up with two mini-budgets within a fiscal year brings the sanctity of the budget into question.

ISLAMABAD: The Tax Amnesty Scheme for the industrial sector has barred public office-holders, their spouses, and dependent children from availing this scheme. The President promulgated Income Tax ...

Federal cabinet on Tuesday gave nod to promulgation of an ordinance to offer a third tax amnesty scheme

New scheme aimed at facilitating industrialists in whitening their black money

Top Story December 23, 2020 ISLAMABAD: The Federal Board of Revenue (FBR) has been empowered through the proposed draft rules of asset declarations to initiate proceedings where an asset was not declared by the taxpayers up to tax year 2018. The FBR will not initiate proceedings against the legally valid declarations of amnesty scheme of 2019 under the Foreign Exchange Regulation Act, 1947, Protection of Economic Reforms Act 1992 and Anti-Money Laundering Act, 2010 or any rules, notifications ...

FBR Issues Further Draft Amendments in the Assets Declaration (Procedure and Conditions) Rules, 2019 The Federal Board of Revenue (FBR) will not initiate proceedings against the legally valid declarations of amnesty scheme of 2019 under the Foreign Exchange Regulation Act, 1947, Protection of Economic Reforms Act,1992, and the Anti-Money Laundering Act, 2010 or any rules, notifications or orders made thereunder with respect to assets, income or expenditure declared under the Assets Declaration ...