Pakistan

ISLAMABAD (Web Desk) – Federal Board of Revenue (FBR) has announced that it will introduce a scheme to bring the money of Pakistanis invested in offshore holdings back to the country.

According to media reports, the revenue collection agency aims to take stern action against tax evaders.

FBR has also taken notice of the earnings made by Pakistan Cricket Board (PCB).

Sixty million mobile phone users will also considered tax payers for the first time under the new budget, whereas non-registered retailers will be bound to pay an additional 2% sales tax.

Furthermore, consumers will have to pay 5% sales tax on the purchase of exported goods from local markets, consequently the prices of clothing goods, footwear and leather products can escalate.