Karachi: The Declaration of Overseas Assets Amnesty Scheme is to be announced in March, a news source quoted Federal Minister for Finance Rana Muhammad Afzal Khan. Under this scheme, resident and non-resident Pakistanis can bring their assets to Pakistan after declaring their bank accounts.
Those looking to bring their assets to Pakistan will do so by paying 2% tax, and those not interested will be required to pay 4% tax. According to details, the government has agreed for the tax amnesty scheme for Pakistanis on the demand of traders and members of Chambers of Commerce.
September 2, 2013
January 4, 2020
Samra Zulfiqar is a Real Estate Analyst at Zameen Media (Pvt) Ltd. You can also find and follow her on Google+.