The government is considering giving a three to six months extension in Prime Minister (PM) Imran Khan’s tax amnesty scheme for the construction sector as the scheme is going to expire on Thursday.
According to a report by the Express Tribune, deliberations to extend the scheme have been taking place for quite some time as so far over 350 projects having an estimated cost of Rs140 billion are registered under the scheme.
In this regard, the PM’s Office has directed the Federal Board of Revenue (FBR) to prepare a draft of a presidential ordinance to further extend the tax amnesty scheme.
The media outlet claimed that the government was mulling over the period of extension in the date to avail the scheme. However, the final decision would depend upon whether the International Monetary Fund (IMF) endorses the proposal.
