President approves ordinance for tax amnesty scheme
ISLAMABAD (92 News) – President Mamnoon Hussain has approved an ordinance bringing into effect a tax amnesty scheme announced by Prime Minister Shahid Khaqan Abbasi.
Earlier on April 5, the Prime Minister Shahid Khaqan Abbasi had announced the amnesty scheme for those who are not paying income tax amid to increase tax base and revenue.
He said that the black money could be whitened by paying five percent tax. “The scheme is for every citizen. However, politicians cannot benefit from it. The scheme will continue till June 30,” he said.
The prime minister said that the people not paying the taxes will be punished.
He announced that there will be no tax on monthly income up to Rs 100,000. “Five percent tax will be applicable on the yearly income from Rs 1.2 million to Rs 2.4 million. Ten percent tax will be applicable on the yearly income from Rs 2.4 million to Rs 4.8 million, while 15 percent tax will be applicable on the yearly income above Rs 4.8 million,” he announced.
PM Shahid Khaqan Abbasi said that the computerized national identity cards (CNICs) number will be the tax number.
He said that the DC rate on property has been abolished. “The government will purchase a property at the double rate of the declared rate,” he said.
About 92 News HD Live Main TV Channel of Pakistan:
92 News (also known as 92 News HD Plus (Channel 92) is a conservative Urdu language TV channel based in Lahore, Pakistan.
Mian Muhammad Hanif is the chairman of the channel.
This TV channel is a subsidiary of Madinah Group under Galaxy Media Group.
The channel's name, 92, is to celebrate the 1992 Cricket World Cup won by Pakistan. The number 92 is also the telephone country calling code of Pakistan, which is another major reason behind the channel's name.
92 News HD is Pakistan’s first HD Plus News Channel. Aims to bring credible & responsible News & important stories from Pakistan & around the World
We bring you Latest Pakistani and International News at 92 News Hd Plus to Read and Watch
We believe in genuine and true journalism, we do not prevail sensation just for ratings.
We do not hide news but never tend to add any unethical content or angling that goes against the norms of our religion Islam and Pakistan's culture.
تازہ ترین خبریں حاصل کرنے کے لیے فوری اطلاع کی اجازت دیں
آپ کسی بھی وقت دائیں طرف نیچے بیل آئیکن پر صرف ایک کلک کے ذریعے آسانی سے سبسکرائب کر سکتے ہیں۔