Overse­as Pakist­anis, people inheri­ting proper­ty and those earnin­g throug­h inform­al means are exempt­edISLAMABAD : The National Assembly on Wednesday passed the Finance Supplementary (Amendment) Bill 2018 amid ruckus created by opposition members as Finance Minister Asad Umar said, “the state contains the necessary machinery to recover money from tax evaders”. The Lower House passed the amended bill with a clear majority. I am thankful to those who complied.” The finance minister said as he announced the reinstatement of restrictions on the purchase of property and vehicles by non-filers. The campaign would extend to thousands of other non-filers.”During the session, the finance minister also appealed to those belonging to the affluent class to file their tax returns. This recommendation has been added as an amendment in the finance bill.” The finance minister also announced a continuation in subsidies given to the agriculture sector.

Source: The Express Tribune October 03, 2018 11:55 UTC