ISLAMABAD: The Federal Board of Revenue (FBR) has decided to announce tax amnesty scheme for taxpayers to recover unpaid taxes amounting to Rs 365 billion.
Sources informed Customs Today that Special Assistant to PM on Revenue Haroon Akhtar Khan has said that cases, which are pending in tax tribunals, high courts and Supreme Court involving billions of rupees, will be resolved through mutual understanding between FBR and taxpayers. Under this scheme, taxpayers will have to pay only 60 to 65 percent tax, while remaining will be written-off.
After the scheme, it is hoped that all pending taxes will be recovered that will prove helpful for the FBR to meet the revenue target, he said, adding that such schemes were also announced in neighbouring country, India to recover the dead money.
