Assalam O Alikum (Peace be on you)!
The above-titled announcement has two parts:
- Taxation reforms (focused on individuals/salaried class)
- Amnesty scheme
While the reforms part covers a smaller section of the much needed greater structural reforms and a positive step, the amnesty scheme leaves much to be desired.
Awaiting for the detailed legal draft for a considered opinion. Keep reading this space for more, Insha Allah!