The government is planning to introduce another amnesty scheme to provide non-filers of tax returns an opportunity to whiten their undeclared assets at home and abroad and get into the tax net, besides introducing further budgetary measures in the run-up to entering into an IMF programme.
Finance Minister Asad Umar told reporters on Tuesday that details of the amnesty scheme had not yet been finalised but it would be introduced before the coming budget on the strong demand of the business community.
He also announced that he was going to open sale and purchase of properties to non-filers with effect from July 1. He defended the removal of such a condition on sale and purchase of vehicles that he had announced in January this year, saying this led to job creation. He said nothing barred the tax machinery from issuing tax notices to the purchasers of vehicles and properties, bringing them into the tax net and recovering taxes.
