FBR reminds taxpayers to pay tax under Assets Declaration Scheme-2019 till 30th June

MG News | June 18, 2020 at 10:21 AM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

June 18, 2020: Federal Board of Revenue has reminded taxpayers to pay outstanding tax under Assets Declaration Scheme-2019 till 30th of this month.

In a statement on Wednesday, FBR clarified that in case of non-payment of tax and default surcharge by the due date, declaration filed under the scheme will become void and any tax and default surcharge that has been paid will not be refunded.

The statement said proceedings will be initiated for undisclosed assets, expenditure and sales which may culminate to taxes and penalties amounting to 80% of the value of assets in addition to proceedings under various other laws.

It said due date for payment under the Scheme will not be extended beyond 30th of this month.

Radio Pakistan

Related News

Name	Price/Vol	%Chg/NChg
KSE100	179,571.27 436.67M	1.06% 1878.35
ALLSHR	108,600.94 844.23M	1.00% 1073.54
KSE30	53,548.42 162.02M	0.99% 525.53
KMI30	256,725.70 154.74M	0.76% 1936.43
KMIALLSHR	70,620.69 563.61M	0.98% 683.55
BKTi	48,625.03 36.31M	1.37% 658.39
OGTi	37,179.52 8.29M	0.94% 345.85

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	60,675.00	61,150.00 60,590.00	840.00 1.40%
BRENT CRUDE	72.44	73.51 72.24	-1.30 -1.76%
RICHARDS BAY COAL MONTHLY	115.00	0.00 0.00	0.50 0.44%
ROTTERDAM COAL MONTHLY	126.50	126.50 125.90	0.50 0.40%
USD RBD PALM OLEIN	1,157.50	1,157.50 1,157.50	0.00 0.00%
CRUDE OIL - WTI	69.26	70.21 69.05	-1.08 -1.54%
SUGAR #11 WORLD	14.01	14.09 13.81	0.06 0.43%