President signs Tax Amnesty scheme ordinance

Staff Reporter


President Mamnoon Hussain on Sunday approved an ordinance bringing into effect a tax amnesty scheme announced by the government earlier this week.
Prime Minister Shahid Khaqan Abbasi unveiled a five-point tax reforms package on Thursday, which included a tax amnesty scheme for undeclared foreign and domestic assets, and reduction in income tax rates.
The prime minister launched the amnesty scheme and reforms package in a last-ditch attempt at broadening the government’s revenue base.

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