{"id":67210,"date":"2020-06-27T10:00:00","date_gmt":"2020-06-27T05:00:00","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=67210"},"modified":"2020-06-26T16:09:25","modified_gmt":"2020-06-26T11:09:25","slug":"lcci-tax-amnesty-scheme-deadline","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/lcci-tax-amnesty-scheme-deadline.html","title":{"rendered":"LCCI urges FBR to extend Tax Amnesty Scheme deadline till Aug 31"},"content":{"rendered":"\n<p>Lahore: The Lahore Chamber of Commerce and Industry (LCCI) has urged the Federal Board of Revenue (FBR) to extend the deadline of the Tax Amnesty Scheme until August 31, according to a news source. LCCI President Irfan Iqbal Sheikh made this request in a letter dispatched to the FBR.<\/p>\n\n\n\n<p>Read:<a href=\"https:\/\/www.zameen.com\/news\/lcci-requests-govt-allow-industries-operate-24-7-under-sops.html\" target=\"_blank\" rel=\"noreferrer noopener\"> LCCI requests govt to allow industries to operate 24\/7 under SOPs<\/a><\/p>\n\n\n\n<p>He further emphasised on the challenges of doing business during the current COVID-19 pandemic. He added that the overall economy is going through a difficult phase and businesses are suffering huge losses.<\/p>\n\n\n\n<p>Read:<a href=\"https:\/\/www.zameen.com\/news\/lcci-suggests-reduction-land-use-conversion-fee.html\" target=\"_blank\" rel=\"noreferrer noopener\"> LCCI suggests reduction in land-use conversion fee<\/a><\/p>\n\n\n\n<p>The FBR had previously stated that it would not extend the deadline beyond June 30 as per the Asset Declaration Scheme 2019. Sheikh clarified his position that this deadline should be extended to August 31, in light of the current situation. The<a rel=\"noreferrer noopener\" href=\"https:\/\/www.zameen.com\/news\/lcci-urges-government-refrain-questioning-businesspersons-income-sources.html\" target=\"_blank\"> LCCI<\/a> President added that this provision would benefit both businesses and the government. Sheikh explained that this extension of the Tax Amnesty Scheme deadline would relieve pressure on the economy and help promote documentation; giving people the opportunity to legalise their undeclared assets.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Lahore: The Lahore Chamber of Commerce and Industry (LCCI) has urged the Federal Board of Revenue (FBR) to extend the deadline of the Tax Amnesty Scheme until August 31, according to a news source. LCCI President Irfan Iqbal Sheikh made this request in a letter dispatched to the FBR. Read: LCCI requests govt to allow industries to operate 24\/7 under SOPs He further emphasised on the challenges of doing business during the current COVID-19 pandemic. He added that the overall economy is going through a difficult phase and businesses are suffering huge losses. Read: LCCI suggests reduction in land-use conversion fee The FBR had previously stated that it would not extend the deadline beyond June 30 as per the Asset Declaration Scheme 2019. Sheikh clarified his position that this deadline should be extended to August 31, in light of the current situation. The LCCI President added that this provision would benefit both businesses and the government. Sheikh explained that this extension of the Tax Amnesty Scheme deadline would relieve pressure on the economy and help promote documentation; giving people the opportunity to legalise their undeclared assets.<\/p>\n","protected":false},"author":58,"featured_media":62620,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15015],"tags":[3362,7057,6038],"persona":[],"class_list":{"0":"post-67210","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-legal-taxation","8":"tag-fbr","9":"tag-lcci","10":"tag-tax-amnesty-scheme","11":"cat-15015-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>LCCI asks FBR to extend Tax Amnesty Scheme deadline - Zameen News<\/title>\n<meta name=\"description\" content=\"The LCCI asked the FBR to extend the deadline for its Tax Amnesty Scheme to August 31, 2020. This will help businesses in these difficult times.\" \/>\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\/lcci-tax-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=\"LCCI asks FBR to extend Tax Amnesty Scheme deadline - Zameen News\" \/>\n<meta property=\"og:description\" content=\"The LCCI asked the FBR to extend the deadline for its Tax Amnesty Scheme to August 31, 2020. 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