Connect with us

Hi, what are you looking for?

Latest Updates

FBR instructed to reveal amnesty recipients

The government, instead of adopting any such idea, should seriously consider implementing an “asset-seizure programme to collect undeclared and untaxed assets produced from black money”

The Pakistan Information Commission (PIC) has instructed the Federal Board of Revenue’s chairman to provide information on the people and companies that enjoyed advantages from the amnesty plan offered during the time of the previous premier Nawaz Sharif.

The ruling came after a citizen called Waheed Shahzad Butt made a complaint against the FBR’s chairman, stating that the agency was trying to suppress important information merely to “provide flagrant advantages to tax offenders of the nation”.

The citizen had also earlier moved Lahore High Court (LHC) and Federal Tax Ombudsman requesting disclosure of information related to firms and people who used clause 86 of Second Schedule to the Income Tax Ordinance, 2001 and the amount introduced under it.

The appellant alleged that he had sent information requests to the FBR chairman on March 5, 2018. He stated that the establishment of any tax amnesty plan for tax evaders was “nothing but the height of immorality completely endorsed by the state”.

The government, instead of adopting any such idea, should seriously consider implementing an “asset-seizure programme to collect undeclared and untaxed assets produced from black money,” he said and highlighted the necessity for legislation to get back “looted money from tax cheaters”.

However, the tax office denied the request of the petitioner owing to restrictions under section 216 of the Ordinance, 2021.

Written By

Works at The Truth International Magazine. My area of interest includes international relations, peace & conflict studies, qualitative & quantitative research in social sciences, and world politics. Reach@ aimen.bukhari@tti.org.pk

Art & Culture

KARACHI: The afternoon of 20th April was selected to honor those women artists who need to be promoted for their dedication to Art. The...

International

Reports from local media in Sydney, Australia, recounted a harrowing incident during a sermon on Monday, where a bishop and several others were stabbed....

Art & Culture

KARACHI: With the onset of spring in Karachi, Mariam Maaz show heralds a new dawn in the Art-scape and is a breather of fresh...

Entertainment

SEOUL: Daud Kim, a Muslim K-pop sensation, excitedly shared news with his followers and revealed his plan to construct a mosque on a plot...