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Thursday May 02, 2024

Tax amnesty proposed for expats owning offshore cos

By ONLINE
March 02, 2018

ISLAMABAD: A committee established by the Supreme Court has proposed tax amnesty to all Pakistanis having offshore companies. The Pakistani expatriates will be asked to bring their wealth in Pakistan on the low tax percentage. As per the proposal this offer will be only for one time. According to the documents received by the news agency the committee has also proposed that no one should be provided any exemption in regard to the Anti-Terrorism Act 1997 and Anti-Money Laundering Act 2010.