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Pakistan declares tax amnesty to broaden income revenue base

Under the amnesty plan, all Pakistanis will be able to declare their unreported income and assets and bring their money into the tax base

Reuters  |  ISLAMABAD 

Pakistan's Prime Minister Shahid Khaqan Abbasi announced a tax amnesty on Thursday aimed at broadening the government's revenue base in a country where only about 1 percent of the adult population are tax payers. Announcing that all 120 million national identity card holders will be assigned tax numbers, Abbasi told a news conference in Islamabad: "If you don't pay taxes, Pakistan will not be sustainable." Under the amnesty plan, all Pakistanis will be able to declare their unreported income and assets and bring their money into the tax base after paying a 5 ...

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First Published: Thu, April 05 2018. 21:38 IST
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