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FBR Issues Further Draft Amendments in the Assets Declaration (Procedure and Conditions) Rules, 2019 The Federal Board of Revenue (FBR) will not initiate proceedings against the legally valid declarations of amnesty scheme of 2019 under the Foreign Exchange Regulation Act, 1947, Protection of Economic Reforms Act,1992, and the Anti-Money Laundering Act, 2010 or any rules, notifications or orders made thereunder with respect to assets, income or expenditure declared under the Assets Declaration Act 2019. The Federal Board of Revenue (FBR) has belatedly issued rules for the declarants of the amnesty scheme of 2019. The availing date of which was June 30, 2019. The FBR has issued a draft of certain further amendments in the Assets Declaration (Procedure and Conditions) Rules, 2019 through a notification issued here on Tuesday.

Foreign exchange regulationFederal boardForeign exchange regulation actEconomic reforms actAnti money laundering actAssets declaration actAssets declarationCommissioner inlandCommissioner inland revenueIncome tax ordinanceChief commissioner inland revenueVoluntary declarationDomestic assets actForeign assetsDomestic assetsவெளிநாட்டு பரிமாற்றம் ஒழுங்குமுறை