Lahore: The federal government has extended the deadline for the Asset Declaration Scheme to July 3, 2019, a news source reported. The public will be able to avail this provision until the end of banking hours on July 3.
Advisor to PM on Finance Dr Hafeez Sheikh stated that the government decided to extend the deadline given the public’s overwhelming response to the amnesty scheme. He added that the additional three days would facilitate the masses. He advised the public to take full advantage of the scheme in order to avoid difficulties in the future.
Sheikh also revealed that the government has formed a ‘Benami Commission’, which will be responsible for probing undeclared assets under the amnesty scheme. He added that the commission would begin working after the scheme’s extended deadline has passed.
The incumbent government had officially announced its first tax amnesty scheme in May 2019 in order to encourage people to disclose their expenditures, assets (including foreign ones), and sales, and enjoy nominal tax rates in return.
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