tax amnesty scheme

New scheme aimed at facilitating industrialists in whitening their black money

Gain comes mainly due to legalising of black money under tax amnesty scheme

Only 130,000 or so people availed the scheme and paid just Rs60 billion in taxes

The premier once again urges people to legalise their undeclared assets before the deadline expires on June 30

Scheme approved by federal cabinet a day earlier

Abdul Hafeez Shaikh announces 4% tax for legalising Benami assets inside the country, 6% for assets abroad

It is tragic to know that a country that accounts for billions of business on a daily basis has a low tax-to-GDP ratio

Elites pressurising govt to allow whitening of Benami properties after paying negligible taxes

Adviser instructs FBR to come up with a simplified version with only two tax classifications

Sources say key cabinet members consider certain provisions 'against PTI's core values'

Law minister says draft is in violation of Article 25 of the Constitution

Imran Khan's govt faces resistance from opposition-controlled Senate and FATF

Tax rates will also be cut to encourage people to declare properties at fair values

PTI govt considering regularising only those foreign assets that would be converted to money & remitted to the country

Finance Minister Asad Umar says steps afoot to stop unchecked outflow of dollars

Some 75,000 people declare assets; scheme fails to provide a cushion to forex reserves

People have whitened Rs2.1 trillion worth of hidden assets

Finance ministry claims receiving unprecedented response

Excludes income earned this fiscal year and changes formula for valuation of foreign assets

'An extension in the deadline of this scheme will help country raise billions of dollars'

Regional commissioner says tax authority is dispelling misconceptions

We would advise the next government to work harder on the tax amnesty scheme

Rejects impression that all wealth stashed abroad by Pakistani nationals was achieved through ill-gotten means

PML-N lawmaker counsels Muttahida Qaumi Movement-Pakistan counterpart otherwise

Insists working middle class will be facilitated with the Economic Reforms Package

Lawmakers question the need for passing the ordinances just 15 days before the announcement of the budget

Staged walkout against tax amnesty scheme enacted though a presidential decree

Tax advisory firm says it is against the fundamental right to information

Durrani terms PM Abbasi a spokesperson
for those who looted billions in public money

Govt has not announced for beneficiaries immunity from prosecution under certain laws

There has been a lapse of spatial awareness regarding the recently announced ‘radical reform package’

Says tax rates on personal income will also be lowered; refrains from discussing economy in depth

NA panel backs proposal to withdraw secrecy clause from Income Tax law

Says a general tax amnesty scheme should be extended especially to the industrial sector

Tax return filers still below 7,700 mark against claims of a million

At beginning, govt had expected 1m traders would come in tax net

The traders said the scheme was finalised after four months of negotiations

Some say they will file returns; others continue to get irked by withholding tax

Only four of the seven members voted in favour of the bill

Govt feels ditched after Dar claimed PTI assured it would support the bill

JI chief said it was deplorable that the government was facilitating criminals rather than putting them behind bars

Scheme designed for both filers and non-filers of income tax returns

Dar reluctant to accept any demand that may adversely affect Pak-IMF talks