ISLAMABAD, June 10 (WNP): Prime Minister Imran Khan Monday said tax evaders who failed to declare their wealth and pay taxes would face legal action.
He, in a televised speech, vowed punitive measures for those who would not disclose their property they owned or the amount of money they had in banks, at homes and abroad etcetera.
The prime minister’s actions are part of a recently announced program to get tax evaders to mend their ways by June 30. The government is allowing them to legalize their wealth by paying 4% taxes on previously undisclosed assets.
Most high-income earners in Pakistan avoid paying taxes altogether.
Since coming to power in 2018, Khan’s government has faced significant economic challenges. Pakistan recently reached a preliminary agreement with the IMF for a $6 billion bailout package.