Tax Amnesty Scheme receives overwhelming response

ISLAMABAD: Tax Amnesty Scheme was receiving encouraging results and its success would help resolving the current account deficit and balance of payment issues.

This was stated by spokesman of Federal Board of Revenue (FBR) Dr Muhammad Iqbal on Friday while addressing a press conference here at FBR House.

Muhammad Iqbal said the number of beneficiaries under tax amnesty scheme was increasing everyday.

He said under the scheme, the people could benefit by declaring their domestic and foreign assets as they would have to pay only a nominal tax under the scheme.

To a question, the spokesman said last date of the scheme was June 30 and he did not have any authority to extend last date of the scheme.

Iqbal said keeping in view the benefits of tax amnesty scheme, the caretaker set up was also fully committed to ensure success of the scheme.

He said government as well as public representatives were not eligible to take benefit from the scheme while people involved in different crimes were also not allowed to benefit from it.

To a question, Dr Iqbal pointed out that FBR's mandate was to increase revenue collection simultaneously with the increased economic activities in the country.

He said the FBR was also taking special measures to simplify the taxation system to facilitate the taxpayers.

In this regard, he said the FBR would also introduce single page tax return for the salaried class.