The First Tax Amnesty Scheme got its formal approval by Prime Minister Imran Khan on Monday after Finance Minister briefed PM Khan in the meeting.
In the meeting, Prime Minister Imran Khan gave the formal approval to apply the first Tax Amnesty Scheme, and a summary was sent to the Federal cabinet for its final approval.
The first Tax Amnesty Scheme provides people an opportunity to legitimize their offshore and onshore-undeclared assets on minimal percentage rates.
The first Tax Amnesty Scheme is expected to be implemented through the Presidential Ordinance on 15th April.
In the beginning, the scheme of assets declaration will be implemented for 45 days.