Voluntary Tax Compliance Scheme (VTCS) has been launched on the demand and in consultation with traders and it is totally businessmen friendly
Voluntary Tax Compliance Scheme (VTCS) has been launched on the demand and in consultation with traders and it is totally businessmen friendly, said Special Assistant to Prime Minister on Revenue Haroon Akhtar Khan on Tuesday here in a local hotel.
The Special Assistant to Prime Minister said this in a ceremony which was organized by Rawalpindi Chamber of Commerce and Industry and main purpose was to educate traders about Voluntary Tax Compliance Scheme recently announced by Federal Board of Revenue (FBR) to enhance the tax base and encourage traders to file the Income tax returns voluntarily.
The meeting was attended by Federal Minster for Finance Ishaq Dar, Income Tax Officers, elected representatives of different trade associations and large number of businessmen.
Haroon Akhtar Khan highlighted the salient features of the scheme. He ensured trader community of his full support and cooperation. He further informed the participants that Tax Facilitation Camps have already been established in different cities where Income Tax Officials have been posted to help traders in filing of returns under this scheme. He assured trade leaders of his fullest cooperation and that his doors will always be open for trade community.
He further said that in history of Pakistan, a simple one page Income Tax Return has been introduced to facilitate traders. He was of the opinion that this trader friendly scheme will result in increase not only in tax base but government revenue will also increase.
He asked the business community to avail full advantage of this scheme and help in making Pakistan and progressive and welfare country.
Hamid Raza Khan
Feb 16, 2016