Islamabad: Today is the last day to avail the tax amnesty scheme 2018. A notice was issued to this purpose 2 days before the deadline to encourage people to legalise their undeclared assets on easy terms. Under the scheme, the declarers will only pay 2% tax on declaration and repatriation of assets, 3% tax on declaration of immovable foreign assets, and 5% tax on declaration and non-repatriation of assets.
This scheme has been approved by Parliament through Foreign Assets (Declaration and Repatriation) Act 2018 & Voluntary Declaration of Domestic Assets Act 2018. For more queries, interested parties are encouraged to contact the relevant authorities at taxmanesty2018@fbr.gov.pk.
