PM Announces Tax Amnesty Scheme To Increase Tax Revenue

The Prime Minister Shahid Khaqan Abbasi has announced the amnesty scheme for those who are not paying income tax amid to increase tax base and revenue.
In a press conference on Thursday Prime Minister Said that the lower number of tax payers were causing problems, therefore the amnesty scheme was an effort to increase tax collection.
“The overseas Pakistani will only pay two percent penalty under amnesty scheme,” he said adding that the people who had foreign currency accounts can only pay five percent tax.
He also mentioned that the people who generated monthly income of one hundred thousand will be exempted from tax.