Tax amnesty scheme approval deferred again for further deliberations by cabinet

Published April 17, 2019
Prime Minister Imran Khan chairs a meeting of the cabinet on Wednesday. — Photo courtesy Radio Pakistan
Prime Minister Imran Khan chairs a meeting of the cabinet on Wednesday. — Photo courtesy Radio Pakistan

The federal cabinet on Wednesday again deferred the approval of the much-awaited tax amnesty scheme because some of its provisions require "further fine-tuning", Information Minister Fawad Chaudhry announced.

Prime Minister Imran Khan had convened a special meeting of the cabinet today after some of the ministers opposed the amnesty plan, expressed their reservations and sought further clarification at Tuesday's cabinet meeting.

Editorial: Yet another amnesty scheme

Chaudhry tweeted that the cabinet today deliberated on all aspects of the proposed Assets Declaration and Amnesty Scheme, 2019, and that all options "came under threadbare discussion".

"It is decided that some provisions [of the scheme] need further fine-tuning," the minister said, adding that the matter would be taken up again at the next cabinet meeting.

Insider sources had told Dawn on Tuesday that some cabinet members objected to the 15 per cent tax rate proposed under the scheme and some raised questions about its effectiveness.

Federal Minister for Communications Murad Saeed said he wanted to know the difference between the proposed scheme and the similar ones which had been launched by the previous government, according to the sources privy to the details of yesterday's cabinet meeting.

Expressing his reservation over the 15pc rate, Minister for Water Resources Faisal Vawda called for its reduction to facilitate taxpayers, the sources said.

They said Information Minister Chaudhry was of the opinion that there was a need for reforms in the Federal Board of Revenue (FBR) and the Pakistan Customs department before launching an amnesty scheme.

According to the sources, Defence Minister Pervez Khattak also opposed the idea, saying the scheme would give no benefit to the government as well as to the people because all such previous schemes had remained useless.

Follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Accessing the RSF

Accessing the RSF

RSF can help catalyse private sector inves­tment encouraging investment flows, build upon institutional partnerships with MDBs, other financial institutions.

Editorial

Madressah oversight
Updated 19 Dec, 2024

Madressah oversight

Bill should be reconsidered and Directorate General of Religious Education, formed to oversee seminaries, should not be rolled back.
Kurram’s misery
19 Dec, 2024

Kurram’s misery

THE unfolding humanitarian crisis in Kurram district, particularly in Parachinar city, has reached alarming...
Hiking gas rates
19 Dec, 2024

Hiking gas rates

IMPLEMENTATION of a new Ogra recommendation to increase the gas prices by an average 8.7pc or Rs142.45 per mmBtu in...
Geopolitical games
Updated 18 Dec, 2024

Geopolitical games

While Assad may be gone — and not many are mourning the end of his brutal rule — Syria’s future does not look promising.
Polio’s toll
18 Dec, 2024

Polio’s toll

MONDAY’s attacks on polio workers in Karak and Bannu that martyred Constable Irfanullah and wounded two ...
Development expenditure
18 Dec, 2024

Development expenditure

PAKISTAN’S infrastructure development woes are wide and deep. The country must annually spend at least 10pc of its...