Tax Amnesty Scheme-2018 is in line with national interest and nothing is found against the national interest of Pakistan in the recently announced Tax Amnesty scheme. It is completely safe and secured scheme from both country and beneficiaries point of views. There will be no effect on the safety and security of beneficiaries of this scheme if future governments introduce amendments in the scheme.
These thoughts were shared by eminent financial expert S. M. Saleem Ahsan in a seminar at TECH Society Club on the topic: "Tax Amnesty Scheme-2018". Mushtaq Ahmad, President TECH Society and Dr Muhammad Sadiq, Vice President TECH Society also spoke. Explaining details of the Tax Amnesty Scheme-2018 S. M. Saleem Ahsan said that Amnesty Scheme was introduced through four ordinances namely: The Foreign Assets (Declaration and Repatriation) Ordinance-2018, The Voluntary Declaration of Domestic Assets Ordinance-2018, The Protection of Economic Reforms (Amendment) Ordinance-2018 and The Income Tax (Amendment) Ordinance-2018.
He also told that public office holders like President, Prime Minister, Chief Ministers, Governors, Speakers and Deputy Speakers of National and Provincial Assemblies, Chairman and Deputy Chairman Senate, Mayors and Deputy Mayors and other public office holders could not avail this tax amnesty scheme.
Details of tax payers under Tax Amnesty Scheme-2018 will not be disclosed to anyone and will remain secret by the government. Tax Amnesty Scheme-2018 will be effective for 3 months from April 10 to June 30, 2018. It is estimated that government of Pakistan will be able to collect tax amounting to Dollar 5 billion through recently announced Tax Amnesty Scheme. Speakers also said that government plans to announce further clarifications about the Tax Amnesty Scheme-2018 in a few days. Eminent Painter Syed Mahfooz Qutub presented his painting to S. M. Saleem Ahsan at the end of seminar.
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