Islamabad: The interim Government of Pakistan has extended the deadline for availing the tax amnesty scheme by one month through Presidential Ordinance, reported a news source. The new deadline is July 31, 2018. The extension was demanded by many trade and business organisations so that more people could understand the benefits of availing it and felt convinced to declare their hidden assets.
The tax amnesty scheme for the declaration of hidden assets by paying a certain percentage of tax was announced back in March this year. All residents and non-resident Pakistanis could avail this scheme by paying 5% of the total value of their undeclared assets in Pakistan and 2% of the total value of their undeclared offshore assets in USD and turn their assets white.
