'Tax Amnesty Scheme Major Step To Stabilize National Economy'

FAISALABAD, (UrduPoint / Pakistan Point News - 22nd Jun, 2018 ) ::Regional Commissioner Inland Revenue Faisalabad, Chaudhry Muhammad Tariq has said that Tax Amnesty Scheme (TAS) is a major step to stabilize the national economy.

Addressing a joint meeting of various industrial, commercial and business associations of the city at Faisalabad Chamber of Commerce & Industry (FCCI) here on Tuesday, he said that there were two major reservations against TAS announced by the federal government. "All these have been resolved," he said, adding that now FBR has launched a comprehensive and vigorous awareness campaign about TAS so that maximum investors could avail from this one time facility.

He said that Chairman Federal board of Revenue (FBR) Tariq Mehmood Pasha has been visiting various major business centers of Pakistan to interact and personally dispel the possible apprehensions against this scheme.

He said that he will also visit Faisalabad within next couple of days. The Chief Commissioner requested the business leaders to compile their apprehensions so that during upcoming meeting with Chairman FBR, these points could be clarified at the highest forum.

Commenting on the taxation related problems, Chaudhry Muhammad Tariq said that government was fully aware of the importance of positive improvements required in tax culture and was also making serious efforts in that regard.

He said that government has taken two major steps, barring non-filers to purchase plots and vehicles. This step has been taken to bring them into the tax net which will certainly increase the number of tax payers and thus share the burden of existing tax payers.

Earlier, Shabbir Hussain Chawla President FCCI underlined the importance of taxes and highlighted some burning issues of the business community.

A question-answer session was also held in which Secretary General Abid Masood, Chaudhry Muhammad Nawaz, Rana Sikandar Azam, Muhammad Amjad Khawaja, Ayub Sabir, Talat Mehmood, Muhammad Naseer Vohra and Abdul Qayyum Sheikh raised interesting questions.

Later, Muhammad Amjad Khawaja of PHMA presented FCCI Shield to Chaudhry Muhammad Tariq while gift hampers were also presented to the other guests. In the end Vice President Usman Rauf offered vote of thanks.