The Chief Economic Adviser to Governor Ifeanyi Okowa of Delta State, Mr. Kingsley Emu, the Executive Secretary, Delta State Micro, Small and Medium Enterprises Agency, DEMSMA, Mrs. Orezi Jane Esievo, and other top political leaders from the state, have bought luxury flats worth millions of dollars in the world-famous Burj Khalifa and Marsa Dubai Plaza, documents obtained
Emu, former Commissioner for Economic Planning in the immediate past administration in Delta, was appointed Chief Economic Adviser by Governor Okowa in 2019.
An average price of luxury properties in Burj Khalifa building costs 11,984,888 United Arab Emirates Dirham or $3.2 million, an equivalent of N1.2 billion. While in Marsa Dubai Plaza, an average Luxury flat of 2bedroom goes for AED 2,654,000 or $722,570.00 and equivalent of about N274.5million.
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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 or orders made there under with respect to assets, income or expenditure declared under the Assets Declaration Act 2019.
The FBR has issued a draft of further amendments to the Assets Declaration (Procedure and Conditions) Rules, 2019 through a notification issued on Tuesday. As per the draft rules, no declaration shall be declared void unless definite information regarding misrepresentation or suppression of facts is available with the Commissioner Inland Revenue. The FBR has explained the
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 Act 2019.
The Federal Board of Revenue (FBR) has belatedly issued rules for the declarants of the amnesty scheme of 2019. The availing date of which was June 30, 2019.
The FBR has issued a draft of certain further amendments in the Assets Declaration (Procedure and Conditions) Rules, 2019 through a notification issued here on Tuesday.
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