Q-1: What is tax amnesty scheme?

Answer:
 A limited time given by the government to a specified group of taxpayers to
pay a defined amount in exchange for removal of a tax liability like interest
or penalties relating to a previous tax periods, as well as freedom from legal
prosecution.
 It is generally of two types: financial and legal.
 A tax amnesty implies a reduction of taxpayer’s declared or undeclared tax
liabilities.
 This reduction can be achieved through a variety of measures: for example:
1. through a reduction or cancellation of interest and penalties owed on
the underreported or undeclared taxes tax liabilities.
 Tax amnesties can be designed to cover all taxpayers.
 Tax amnesties differ from payment installment arrangements. Whereas tax
amnesties provide for a reduction of all or part of taxpayer’s total tax
liabilities.

Q-2: What is Tax Amnesty scheme History in Pakistan?

Answer:
Total of 12 amnesty schemes were introduced in the Pakistan till this date.
1st Amnesty scheme introduced in 1958 collected a total to more then 1b tax
revenue, where the latest amnesty scheme collected a total of more than 70b tax
revenue.
1. Gen Ayyub Khan brought first tax amnesty scheme in 1958 which
brought approximately 71,000 declarations, 266,183 taxpayers,
contributed a total of Rs1.12 billion to the kitty. But tax collection
remained less than 10 per cent of the total GDP in 1958-59.
2. In 1997 over Rs142 million was collected through the tax amnesty
scheme.
3. The year 2000 under General Musharraf, approximately 79,200
declarations were filed, bringing in Rs 10 billion to the exchequer.
 4. In 2001, a tax amnesty scheme called 'Investment Tax on Income.
The effort proved futile as only Rs 2.5 billion was received.
5. During 2008- 2012, in people’s party regime all kinds of concessions
were dished out to tax evaders during May and June 2012 to achieve
the time's budget target of Rs1,952 billion. The target was missed by
over Rs70 billion though.
6. In 2013, the Pakistan Muslim League-Nawaz government had
announced a money-whitening scheme, dealing only with assets held
within the country.
7. The 2016 scheme saw just 10,000 declarations, contributed only
Rs0.85 billion on December 1, 2016, for the real estate sector.
8. In April 2018 by June 30, nearly 5,000 people in Pakistan had filed
returns declaring their foreign assets and deposited approximately
Rs80 billion in taxes.

Q-3: What is Tax Amnesty scheme of Imran Khan

government.?
Answer:
The tax amnesty scheme introduced my Imran Khan Government
consisted of 45 days in which 3 additional days were added.
 More than 137000 people registered for this scheme.
 More than 100000 people were non-filers, so there was an
increase of 100000 people in Pakistan’s tax net.
 3000b worth of assets were displayed in this latest scheme.
 Tax revenue increased by 70b.