New tax amnesty scheme 2019 key details, President Alvi gives approval

President dr arif alwi on Wednesday (nowadays) gave approval to the tax amnesty scheme.

   

New tax amnesty scheme 2019 became introduced the day past. However, Abdul Hafeez Sheikh, the Adviser to PM on Finance, revealed that humans except for public office holders and their dependents can avail this amnesty scheme to claim all formerly undisclosed property either abroad or in Pakistan.

New Tax Amnesty Scheme 2019 Key info
In step with details, the amnesty scheme recommends the following:

Recommendation for funding in Pakistan Banao certificates for those asserting assets overseas.
Recommendation for tax amnesty scheme for real property area
The scheme can also be relevant on benami money owed
Three% tax on undeclared sales
The scheme can't be availed via individuals retaining government positions after 2000
The scheme will now not be applicable on cases being heard in courtroom
20% tax on people maintaining assets by using December 31, 2019
5% tax on individuals maintaining belongings through June 30, 2019
1% tax on the ones maintaining assets through June 30, 2019
10% tax on individuals maintaining property via September 30, 2019
2% tax on the ones declaring belongings by using September 30, 2019
4% tax on the ones affirming belongings by way of December 31, 2019