ISLAMABAD: Federal Board of Revenue Chairman Syed Shabbar Zaidi on Thursday said that the government will not extend the deadline of the tax amnesty scheme (assets declaration scheme). 

“The scheme cannot be extended beyond June 30 for the government is constrained by the International Monetary Fund programme,” Shabbar Zaidi said.

He elucidated jewellery held at home was not included in the scheme and, similarly, the scheme was also not for non-registered vehicles.         

“The FBR has collected all the relevant data about the people. The banks have shared details of the bank accounts having over Rs5 million in cash, so that they could be held accountable for taxes,” Zaidi said in a statement, Radio Pakistan reported.

Also Read: PM Imran announces to form high-powered commission to probe stolen wealth

The FBR chairman said the prize bonds of Rs 40,000 would have to be got registered by the holders in their names by September, otherwise the same would cease to exist.

On June 11, Prime Minister Imran Khan had announced to constitute a high-powered commission to probe the wealth stolen from Pakistan.

“The commission will include representatives of the Federal Investigation Agency (FIA), Intelligence Bureau (IB), Inter-Services Intelligence (ISI), Federal Board of Revenue (FBR) and Securities and Exchange Commission of Pakistan (SECP),” the prime minister had said in a nationwide address.

PM Imran Khan had said the commission would investigate all those who had ever been in power in Pakistan and make a report so that in future no government has the audacity to bring Pakistan at the verge of such an economic collapse.