This distinguishes the Pakistan Tehreek-e-Insaf’s (PTI) government’s tax amnesty scheme from the Pakistan Muslim League-Nawaz’s (PML-N) scheme in which filing of returns was not mandatory. In terms of participation, the PTI’s tax amnesty scheme attracted 44% or 36,700 more people as compared to the PML-N’s tax amnesty scheme. This will bring total collection under the tax amnesty scheme to Rs69 billion, which is still 44% lower than the last tax amnesty scheme. The chairman FBR is now planning to break the nexus of corrupt FBR officials with the business community. For the first time in its history, the FBR’s revenue collection fell even below last year’s level.

Source: The Express Tribune July 06, 2019 03:45 UTC