Islamabad, June 17, 2020 (PPI-OT):Federal Board of Revenue has reminded the Taxpayers, who have filed declarations under the Assets Declaration Act 2019 as amended subsequently, to pay outstanding tax, along with default surcharge by the due date of June 30, 2020.
FBR has clarified that in case of non-payment of tax and default surcharge by the due date, declaration filed under the scheme will become void and any tax and default surcharge that has been paid will not be refunded. Moreover, proceedings will be initiated for undisclosed assets, expenditure and sales which may culminate to taxes and penalties amounting to 80% of the value of assets in addition to proceedings under various other laws. FBR has again clarified that the due date for payment under the Scheme will not be extended beyond 30th June, 2020.
For more information, contact:
Second Secretary (Public Relations)
Federal Board of Revenue (FBR)
FATE Wing, Federal Board of Revenue,
Constitution Avenue, Sector G-5,
Email: firstname.lastname@example.org, email@example.com