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Govt mulls to include real estate sector in tax amnesty scheme

ISLAMABAD: Consultation to finalise and refine the tax amnestscheme — Asset Declaration Scheme — under the leadership of Finance Adviser to Prime Minister Dr Abdul Hafeez Shaikh, could not be completed yet, however the final draft is scheduled to be tabled on Monday for a review in the meeting of the federal cabinet to be held on April 30 According to sources, reduction in tax rates and inclusion of real estate sector is being considered for the scheme. Furthermore, experts claim that the process has been delayed due to incompletion of consultation Besides, recommendations on granting exemption to holders of benami assets from being issued notices and inclusion of benami cases are also being considered by the finance department Moreover, means to financially secure tax-filers would be ensured, according to proposals in the scheme DNA



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