Govt Suggests Several Changes in Legislation to Punish Tax Evaders
From the Blog propakistani Several changes to income tax laws have been proposed by the government in a bid to go after offshore tax evaders. Tax evasion through offshore accounts will become a criminal offense, carrying hefty fines or up to seven years in jail. The revisions are based on the recommendations made by the Financial Action Task Force (FATF) and will be added to the Finance Act 2019 after the parliament approves them. The revisions make multiple changes to the legal framework that is applicable to tax evaders, absconders, abettors, officials, and individuals involved in misconducts and real estate transactions. The government presented the bill on Tuesday, which allows commissioners the power to freeze domestic assets of people who are thought to be a flight risk or might dispose of said apakistanblogs.blogspot.comRead Full Post
0 comments :
Post a Comment