FBR rebuts news report regarding payment of tax under tax amnesty

News Image

By MG News | July 17, 2018 at 10:18 PM GMT+05:00

0:00

ISLAMABAD, Jul 17: Federal Board of Revenue (FBR) Tuesday strongly rebutted a news report published in a section of the national press regarding payment of tax under foreign tax amnesty scheme by a Karachi-based taxpayer.

In a statement issued here, FBR rejected the contents of the report and strongly denied that the baseless information has been provided by FBR sources.

The board clarified that it was bound by strict confidentiality provisions contained in Foreign Assets (Declaration and Repatriation) Act, 2018 and Voluntary Declaration of Domestic Assets Act, 2018.

Under these provisions disclosure was punishable by fine from five hundred thousand to one million rupees or imprisonment for a term not exceeding one year or with both.

To ensure confidentiality of the declarants, FBR had developed an online system for filing amnesty declarations, which had proper safeguards in place and restricts access to information contained in the

declarations.

(APP)

Related News

Name Price/Vol %Chg/NChg
KSE100 132,524.60
109.09M
-0.66%
-878.59
ALLSHR 82,951.65
623.34M
-0.28%
-236.40
KSE30 40,330.20
38.74M
-0.79%
-321.25
KMI30 190,666.35
44.76M
-0.74%
-1417.57
KMIALLSHR 55,682.10
319.24M
-0.30%
-165.60
BKTi 36,149.09
6.91M
-0.75%
-273.78
OGTi 28,231.86
7.72M
-0.72%
-205.75
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 109,085.00 109,545.00
108,625.00
-130.00
-0.12%
BRENT CRUDE 70.50 70.54
69.85
0.35
0.50%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
2.05
2.15%
ROTTERDAM COAL MONTHLY 106.65 106.65
106.25
0.50
0.47%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 68.69 68.73
67.78
0.36
0.53%
SUGAR #11 WORLD 16.21 16.24
16.08
0.08
0.50%

Chart of the Day


Latest News

Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg