Lahore: The Regional Tax Office held a seminar in Faletti’s Hotel on July 19 to help address the concerns of those looking to avail the tax amnesty scheme, reported a news source. Addressing the seminar, Inland Revenue Deputy Commissioner Muhammad Ali Mayo said that people declaring their assets under the amnesty scheme will not be inquired about the source of their income nor will they face an audit.
The seminar was attended by the business community representing different commercial markets, as well as officers from the Federal Board of Revenue. Talking to these representatives, Mayo said that such kind of amnesty scheme will not be offered again so investors shouldn’t hesitate in availing it. He also called this scheme the perfect opportunity to declare undeclared investments and assets.
