Cabinet approves tax amnesty scheme

Imran khan1

Imran khan1

The federal cabinet on Tuesday gave approval to tax Amnesty Scheme.
After cabinet’s approval, the new scheme would be implemented through promulgation of a Presidential Ordinance.
Prime Minister Imran Khan presided over a meeting of the cabinet during which it was briefed on the scheme.
President Arif Alvi is expected to promulgate the ordinance today.
Quoting sources, the TV channel reported that under the tax amnesty scheme Pakistanis can declare their assets after paying four percent tax. Those living abroad will have to pay six percent tax.
Moreover, the cabinet meeting also discussed overall political and economic situation of the country. It was also expected to discuss the $6 billion dollars package finalized with International Monetary Fund.

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