{"id":52646,"date":"2019-06-12T15:44:09","date_gmt":"2019-06-12T10:44:09","guid":{"rendered":"https:\/\/www.zameen.com\/blog\/?p=52646"},"modified":"2020-08-28T13:45:46","modified_gmt":"2020-08-28T08:45:46","slug":"asset-declaration-ordinance-2019-is-generating-encouraging-response-fbr-chairman","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/asset-declaration-ordinance-2019-is-generating-encouraging-response-fbr-chairman.html","title":{"rendered":"Asset Declaration Ordinance 2019 is generating encouraging response: FBR Chairman"},"content":{"rendered":"

Lahore: Federal Board of Revenue (FBR) Chairman Shabbar Zaidi has said that the Asset Declaration Ordinance 2019 is generating encouraging response from the public, according to a news source. He also revealed that the FBR has access to benami <\/em>bank accounts and properties.<\/p>\n

Read:\u00a0Amnesty Scheme 2019: Tax slabs on asset declaration revealed<\/a><\/p>\n

Shedding light on the mechanism of the board\u2019s operations, the FBR chairman said that laws have been formed to take action against the tax officers found guilty of being unfair with the taxpayers. He affirmed that the government will not collect more than their due taxes from the taxpayers. The chairman believes that if the board can manage to bring tax evaders into the tax net, FBR can meet its annual tax target of PKR 5,555 billion.<\/p>\n

Read:\u00a0FBR cracks down against Pakistanis with illegal assets<\/a><\/p>\n

Chairman Zaidi also mentioned that the government is bringing property valuation rates at par with market value to discourage people from using the property sector to park their black money. Talking about the restriction on non-filers from buyer property more expensive than PKR 5 million, he said that the ban has been lifted but the government has made it impossible for people to not file their income tax returns.<\/p>\n

Read:\u00a0FBR announces amnesty scheme rules<\/a><\/p>\n

Adding further to this, the FBR chairman said that the \u201cfiler\u201d and \u201cnon-filer\u201d category has been removed from the income tax form. The taxpayers can no longer remain non-filers, clarified Zaidi.<\/p>\n","protected":false},"excerpt":{"rendered":"

Lahore: Federal Board of Revenue (FBR) Chairman Shabbar Zaidi has said that the Asset Declaration Ordinance 2019 is generating encouraging response from the public, according to a news source. He also revealed that the FBR has access to benami bank accounts and properties. Read:\u00a0Amnesty Scheme 2019: Tax slabs on asset declaration revealed Shedding light on the mechanism of the board\u2019s operations, the FBR chairman said that laws have been formed to take action against the tax officers found guilty of being unfair with the taxpayers. He affirmed that the government will not collect more than their due taxes from the taxpayers. The chairman believes that if the board can manage to bring tax evaders into the tax net, FBR can meet its annual tax target of PKR 5,555 billion. Read:\u00a0FBR cracks down against Pakistanis with illegal assets Chairman Zaidi also mentioned that the government is bringing property valuation rates at par with market value to discourage people from using the property sector to park their black money. Talking about the restriction on non-filers from buyer property more expensive than PKR 5 million, he said that the ban has been lifted but the government has made it impossible for people to…<\/p>\n","protected":false},"author":18,"featured_media":26795,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15015],"tags":[11870],"persona":[],"class_list":{"0":"post-52646","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-legal-taxation","8":"tag-asset-declaration-ordinance-2019-latest-update","9":"cat-15015-id"},"acf":[],"yoast_head":"\nAsset Declaration Ordinance 2019 is generating encouraging response: FBR Chairman - Zameen News<\/title>\n<meta name=\"description\" content=\"Lahore: Federal Board of Revenue (FBR) Chairman Shabbar Zaidi has said that the Asset Declaration Ordinance 2019 is generating encouraging response from\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/asset-declaration-ordinance-2019-is-generating-encouraging-response-fbr-chairman.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Asset Declaration Ordinance 2019 is generating encouraging response: FBR Chairman - 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