{"id":53048,"date":"2019-06-29T10:05:44","date_gmt":"2019-06-29T05:05:44","guid":{"rendered":"https:\/\/www.zameen.com\/blog\/?p=53048"},"modified":"2019-06-28T17:26:56","modified_gmt":"2019-06-28T12:26:56","slug":"fbr-initiate-action-against-tax-evaders-following-amnesty-scheme-deadline","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/fbr-initiate-action-against-tax-evaders-following-amnesty-scheme-deadline.html","title":{"rendered":"FBR to initiate action against tax evaders following amnesty scheme deadline"},"content":{"rendered":"<p>Lahore: The Federal Board of Revenue (FBR) will initiate action against tax evaders once the deadline for the amnesty scheme has passed, a news source quoted FBR Corporate Regional Tax Office (CRTO) Chief Commissioner Muhammad Nadeem Rizvi as saying.<\/p>\n<p><strong>Read<\/strong>:\u00a0<a href=\"https:\/\/www.zameen.com\/news\/fbr-forms-teams-recover-taxes-worth-pkr-11-bn.html\" target=\"_blank\" rel=\"noopener noreferrer\">FBR forms teams to recover taxes worth PKR 11 bn<\/a><\/p>\n<p>The commissioner was addressing a conference about the Assets Declaration Scheme \u2013 organised by the FBR CRTO Lahore. He said that the amnesty scheme is an opportunity for the public to declare their assets while paying the minimum amount of tax and getting themselves registered in the national economy.<\/p>\n<p>Rizvi added that after June 30, 2019, which is the <a href=\"https:\/\/www.zameen.com\/news\/fbr-dg-urges-overseas-pakistanis-to-avail-amnesty.html\" target=\"_blank\" rel=\"noopener noreferrer\">last date for availing the amnesty scheme<\/a>, the FBR will take measures to trace undeclared money and assets. He said that defaulters would be liable to heavy taxes and penalties in addition to facing punitive action.<\/p>\n<p><strong>Read<\/strong>:\u00a0<a href=\"https:\/\/www.zameen.com\/news\/fbr-preparing-for-effective-implementation-of-benami-law.html\" target=\"_blank\" rel=\"noopener noreferrer\">FBR preparing for effective implementation of Benami Law<\/a><\/p>\n<p>The commissioner also highlighted some details about the how and why people should avail the amnesty scheme. He said that people could benefit from the scheme even if proceedings were initiated, pending, or finalised under the taxation laws. He added that people could revise any omissions or declaration within the provided deadline, but the value of assets and taxes payable would not be less than that stated in the original declaration.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Lahore: The Federal Board of Revenue (FBR) will initiate action against tax evaders once the deadline for the amnesty scheme has passed, a news source quoted FBR Corporate Regional Tax Office (CRTO) Chief Commissioner Muhammad Nadeem Rizvi as saying. Read:\u00a0FBR forms teams to recover taxes worth PKR 11 bn The commissioner was addressing a conference about the Assets Declaration Scheme \u2013 organised by the FBR CRTO Lahore. He said that the amnesty scheme is an opportunity for the public to declare their assets while paying the minimum amount of tax and getting themselves registered in the national economy. Rizvi added that after June 30, 2019, which is the last date for availing the amnesty scheme, the FBR will take measures to trace undeclared money and assets. He said that defaulters would be liable to heavy taxes and penalties in addition to facing punitive action. Read:\u00a0FBR preparing for effective implementation of Benami Law The commissioner also highlighted some details about the how and why people should avail the amnesty scheme. He said that people could benefit from the scheme even if proceedings were initiated, pending, or finalised under the taxation laws. He added that people could revise any omissions or declaration&hellip;<\/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":[],"tags":[12032],"persona":[],"class_list":{"0":"post-53048","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"tag-details-on-fbr-to-initiate-action-against-tax-evaders-following-amnesty-scheme-deadline"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>FBR to initiate action against tax evaders following amnesty scheme deadline - Zameen News<\/title>\n<meta name=\"description\" content=\"Lahore: The Federal Board of Revenue (FBR) will initiate action against tax evaders once the deadline for the amnesty scheme has passed, a news source\" \/>\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\/fbr-initiate-action-against-tax-evaders-following-amnesty-scheme-deadline.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FBR to initiate action against tax evaders following amnesty scheme deadline - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Lahore: The Federal Board of Revenue (FBR) will initiate action against tax evaders once the deadline for the amnesty scheme has passed, a news source\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/fbr-initiate-action-against-tax-evaders-following-amnesty-scheme-deadline.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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