FPCCI President Welcomes Asset Declaration Scheme

Acting President FPCCI Abdul Rauf Mukhtar has lauded government efforts to broaden the tax base through Asset Declaration Scheme 2019

KARACHI, (UrduPoint / Pakistan Point News - 18th May, 2019 ) :Acting President FPCCI Abdul Rauf Mukhtar has lauded government efforts to broaden the tax base through Asset Declaration Scheme 2019.

Karachi Chamber of Commerce and Industry (KCCI) held an emergent meeting of its members at its head office here on Saturday.

Karachi under the chairmanship of Acting President of FPCCI and reviewed/discussed the new tax amnesty scheme "Asset Declaration Scheme 2019" as announced by the government which has come into effect through a Presidential Ordinance.

The meeting was attended by S.M. Muneer, leader of the business Community and Former President of FPCCI; Dr. Mirza Ikhtiar Baig, Sr.Vice Presidents; Vice Presidents FPCCI Arshad Jamal, Muslim Muhammadi, Waqar Mehmood Khan and Noor Ahmed Khan, Zubair Tufail, Former President FPCCI, Former Sr.

Vice Presidents FPCCI Khalid Tawab, Syed Mazhar Ali Nasir and Aamer Ata Bajwa, Former Vice Presidents Hanif Gohar, Shakil Dhingra, Akbar Abdullah and other representatives of trade and industry.

Abdul Rauf Mukhtar hailing the scheme termed it as a right step in the right direction with the objective to bring the tax evaders under the tax net, enhancing the country's revenue base, documentation of economy, curtailing the size of ever increasing black economy and to bring dead assets in the mainstream of economy and make them functional.

He also urged the government to ensure complete secrecy and confidentiality of the declarants' data to enhance the confidence oftax payers in the scheme- a pre-requisite for success for any scheme.