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The portal designated for Assets Declaration Scheme 2019 on the website of Federal Board of Revenue (FBR) has crashed owing to the influx of people trying to access the site.
As per details received by ARY News so far, the portal of FBR remained suspended despite continuous efforts of the technical teams.
The FBR chairman has directed to fix the problem on an urgent basis as thousands of people are facing difficulty in filing their tax details.
It is pertinent to mention that June 30 is the deadline for assets declaration, nonetheless, Prime Minister Imran Khan recently hinted to make another extension for the scheme.
The Federal Board of Revenue has said they have no information yet regarding extension in the deadline. The scheme’s deadline can be extended by an ordinance, the country’s supreme tax collection body said.
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The Federal Board of Revenue (FBR) authorities have pulled socks up for initiating large-scale crackdowns against benami [undisclosed] accounts and properties across the country.
A high-powered authority has been constituted that was tasked to open thorough probe into benami accounts, whereas, FBR authorities have also established ‘Benami Zones’. High-level officers of FBR were appointed in the zone to collect complete data of undisclosed properties for finalising a plan to conduct crackdowns.
According to FBR sources, the concerned officers will be authorised to forward cases to the newly-constituted authority which would hand it over the federal government after compiling an investigation report.
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Pakistan nationals have legalized their assets worth Rs1 trillion in foreign jurisdiction including Rs346 billion in the United Arab Emirates (UAE), highest in a foreign country, Khaleej Times said in a report.
The assets whitened by Pakistanis in UAE, accounting for over one-third (34.5 per cent) of the total whitened foreign assets in the Assets Declaration Scheme, the paper said.
Overseas Pakistanis have expressed their trust over the amnesty scheme launched by the PTI government.
Switzerland with its Rs114.8 billion legalized assets was next highest to the UAE, the report said.
While in the UK Rs89.7 billion, Singapore Rs87.3 billion and British Virgin Islands Rs48.9 billion assets were whitened, Director General for international tax at Federal Board of Revenue Dr. Muhammad Ashfaq Ahmed said in an interview with Khaleej Times.
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