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Deadline for asset declaration scheme extended

Deadline for asset declaration scheme extended

By Web Desk
June 30, 2019

Islamabad: The government on Sunday extended deadline for  declaration of assets till July 3.

The announcement was made by Finance Advisor Abdul Hafeez Shiekh at a press conference. 

He was accompanied by  Minister of State for Revenue  Hammad Azhar and  Chairman of Federal Board of Revenue (FBR) Shabbar Zaidi.

The advisor said people can benefit from government's asset declaration scheme till July 3, during bank timings.

He added, overseas Pakistanis must  benefit from the scheme. Hafeez Sheikh said the scheme was in the last phase.

The advisor said the government intends to form a commission on benami properties. 

Earlier in the day,  the Federal Board of Revenue (FBR) had issued ads regarding the expiry of deadline for  asset declaration scheme.

According to the ads published in several newspapers, Sunday June 30, 2019 was the last date for  declaration of  assets. 

The government announced a five percent reward for those sharing information about people hiding their assets.

Federal Cabinet had approved the Tax Amnesty Scheme on May 14.