ARSG: Assets Declaration Ordinance 2019 

May 2019

A major problem of Pakistan has always been a lesser number of taxpayers due to the undocumented economy. Over the years, the governments have endeavoured to take some serious measures in this regard so that the tax burden of the entire economy from a few hands is spread to a broader base. 

Another rationale put forth is to justify the introduction of this Ordinance has been to allow the declaration of Benami assets in the context of the newly promulgated Benami laws so that these assets are effectively owned by their beneficial owners.

RASG hopes that the matter of undocumented assets, sales and expenditures, is finally resolved.