ISLAMABAD: The government is looking to introduce an amnesty scheme to bring the country’s non-filers into the tax net, a news source reported. As per reports, budgetary measures will also be introduced before the IMF package is availed.
Finance Minister Asad Umar recently spoke with reporters on the matter. He said the details of the amnesty scheme had not yet been finalised. He did confirm that it will be announced before the new budget.
The minister also announced that the government is going to open the sale and purchase of properties from July 1 onwards. He said that the sale and purchase of vehicles for non-filers, announced earlier this year, had led to a lot of job creation. He said that nothing barred the taxation authorities concerned from issuing tax notices to the purchasers of vehicles and properties – who can easily bring them into the tax net and recover taxes.
The Finance Minister further announced the government’s intentions to increase property evaluations to real market rates. At the same time, the government will reduce the tax rates. These efforts will be launched in Punjab, Khyber Pakhtunkhwa and Islamabad. Later, they may also be extended to Sindh and Balochistan.