Asset Declaration Scheme 2019 deadline ends today


ISLAMABAD – Government’s Asset Declaration Scheme 2019 deadline ends today (Sunday), as no extension will be given in the scheme after today’s deadline.

Meanwhile, the Federal Board of Revenue (FBR) has issued instructions to its subordinate offices to remain open today and observe extended working hours till eleven in the night.

The step has been taken to facilitate the taxpayers in payment of duties and taxes and filing of the income tax return.

Earlier on Saturday, FBR chairperson Shabbar Zaidi had already announced that there would be no extension in the Assets Declaration Scheme 2019, contrary to rumours about extension in June 30 deadline.

Zaidi addressed a press conference in Islamabad and said that no such option regarding extension was under consideration.

Zaidi’s observation comes days after Prime Minister Imran Khan expressed in a telethon that he was considering the option of extending the deadline for the scheme.

The incumbent Pakistan Tehreek-e-Insaf regime is toiling hard to convince people, avail the scheme and Minister of State for Revenue, Hammad Azhar had shared that the motive of the scheme was o document the economy instead of generating revenue.

Civil servants and politicians are not allowed to whiten their money through the scheme.
In an earlier interaction with businessmen, the premier had expressed that those seeking more time to declare assets should at least register themselves before the June 30 deadline.

‘If we extend the deadline beyond June 30, it would give an impression that the government might bring another scheme,’ the premier had elaborated.