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.
Body formed to review complaints
Business
December 17, 2020
LAHORE: The Federal Board of Revenue (FBR) has constituted a special committee, led by Gohar Ejaz of All Pakistan Textile Mills Association (APTMA), to review complaints relating to and settlement of sales tax matter, a statement said on Wednesday.
Other members of the committee included Chief Commissioner Inland Revenue, Regional Tax Office, Lahore; Dr Qurat Ul Ain Irfan, Vice President, Pacific Pharmaceuticals, Lahore; Almas Hyder, former President Lahore Chamber of Commerce & Industry (LCCI), Mohammad Raza Baqir, Executive Director, APTMA, Lahore and Additional Commissioner (HQ), RTO, Lahore as members of the Committee. Additional Commissioner (HQ) will also serve as secretary of the committee, it added.