Islamabad: The Federal Board of Revenue (FBR) has suggested four different rates for the proposed tax amnesty scheme to the government, a news source reported.
These rates – one, five, 10, or 15-percent – will be applicable on domestic assets, foreign assets, benami assets, and foreign liquid assets. Public office-holders would reportedly be barred from availing the assets declaration scheme.
The federal institution has also asked the government to prohibit individuals who seek to regularise their ill-gotten wealth from availing the amnesty scheme.
Another proposal under consideration is to offer lower rates to those individuals who plan to bring back their wealth to Pakistan in a bid to regularise their assets.