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Home Islamabad

Overseas Pakistanis would pay only 2% tax to bring assets back

byCT Report
28/02/2018
in Islamabad, Latest News
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ISLAMABAD: The overseas Pakistanis could bring their assets to the country by paying only 2 percent tax.

The federal government has decided to announce a new amnesty scheme for these overseas Pakistanis to bring back their assets abroad. Under the Declaration of Overseas Assets Amnesty Scheme, the resident and non-resident Pakistanis will bring their assets to Pakistan after declaring their bank accounts.

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They will pay only 2 percent tax to bring their assets to Pakistan and 4 percent tax in case they do not bring their assets to Pakistan. The sources said the government has somewhat agreed to tax amnesty for Pakistanis after declaration of their bank accounts on the demand of traders and chambers of commerce.

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