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February 28, 2018

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Amnesty scheme: expats to be charged 2, 4 pc tax 

ISLAMABAD: The federal government is likely to announce Declaration of Overseas Assets Amnesty Scheme after the Senate elections.

Sources said that resident and non-resident Pakistanis will bring their assets to Pakistan after declaring their bank accounts.

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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