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ISLAMABAD: The Pakistan Information Commission’s (PIC) landmark order has been implemented by the Federal Board of Revenue (FBR), which disclosed the number of individuals and companies who availed benefits from the ‘Zero Percent Tax Amnesty Scheme’ given during the tenure of former premier Nawaz Sharif.

The data disclosed that under the past amnesty scheme under question, 19 taxpayers availed the benefit of clause (86) of Part-IV of the Second Schedule of the Income Tax Ordinance 2001 involving an amount of Rs 1.9 billion.

The PIC order was issued after a tax lawyer, Waheed Shahzad Butt, lodged a complaint against the FBR, alleging that the agency was trying to hide crucial information.

Tax amnesty scheme beneficiaries: PIC summons FBR chief for not providing information

The appellant, Waheed Shahzad Butt, had also previously approached the LHC and the Federal Tax Ombudsman, seeking disclosure of information pertaining to companies and persons, who availed the Clause 86 of Second Schedule to the Income Tax Ordinance, 2001, and the amount introduced under it at zero percent income tax.

Earlier, the PIC has also issued notice for imposing a penalty to the extent of 100 days’ salary to chairman FBR for default on the part of FBR for hiding information about beneficiaries of the amnesty scheme issued during the tenure of Nawaz Sharif.

When contacted, Waheed informed that the government, instead of entertaining any such scheme, should seriously consider introducing an “asset-seizure scheme” to confiscate undeclared and untaxed assets created from black money.

The FBR finally agreed to adhere to the law and released the sacred information in accordance with the order issued by the PIC. These contributions have not only resulted in concrete action but have also strengthened the credibility and reputation of PIC, Waheed Butt added.

Copyright Business Recorder, 2023


Comments are closed.

Maqbool Sep 25, 2023 08:11am
Names ??
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Ch K A Nye Sep 25, 2023 10:39am
@Maqbool , Shhhh... Top secret.
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Kashif ALI Sep 25, 2023 12:05pm
@Parvez, include the jaundiced disgraceful journalists and lawyers too. They are as gutter fleas as others.
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Shk mubashir Sep 25, 2023 12:29pm
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Hussain583 Sep 25, 2023 01:24pm
Clickbait ...
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Maqbool Sep 25, 2023 03:04pm
“19 taxpayers availed the benefit of clause (86) of Part-IV of the Second Schedule of the Income Tax Ordinance 2001 involving an amount of Rs 1.9 billion”. Now we have Ali Baba and 19 thief’s
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Saeed Sep 25, 2023 08:54pm
Ruthless aggressive accountability directly by General public is the only solutions , ultimately people will have to take law into hands because presently what happens in Pakistan is Jokes becoming laws and Laws becoming jokes like past of America that lead the America to civil war then GOD save Pakistan from the menace Ameen
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Faraz Sep 26, 2023 01:13am
I wonder how many people benefited from amnesty scheme under PTI government. Other than Farah gogi and pinky aunty + her family.
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Tahir Khan Sep 26, 2023 03:01am
Where is the list?
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Farooq Sep 26, 2023 04:46am
No list provided. List must be published.
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M.Yousaf Khan Sep 26, 2023 08:45am
I highly appreciate PIC efforts and concerned . How ever I'd recommend that no amnesty should be given. Rather strict compliance & zero corruption may be enforced,which is only solution for better tax management .I also agree with Asset Seizure option.
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Wasim Sep 26, 2023 09:05am
Bold step by fbr and well done Butt sb, keep it up. Pls provide link to the list disclosed.
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