RCCI wants extension in tax amnesty scheme1 min read

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RAWALPINDI: Rawalpindi Chamber of Commerce and Industry (RCCI) President Zahid Latif Khan has urged the caretaker government to extend the tax amnesty scheme so that a maximum number of businessmen and general public could avail its benefits.

Addressing a seminar organized by Rawalpindi/Islamabad Tax bar Association here, the RCCI chief said the Tax Amnesty Scheme 2018 would relieve pressure on the economy by generating additional revenue for the government.

It would also enable businessmen to declare their assets or income without being asked about their source.

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TAX Amnesty Scheme valid till June 30, 2018

Highlighting the benefits of amnesty scheme, he said it would increase tax revenue, enhance foreign exchange reserves, reduce the current account deficit, improve balance of payments, bring foreign capital to Pakistan and enhance economic activities.

While lauding FBR efforts for reaching out to the chambers of commerce and business community related to tax amnesty scheme, Zahid Latif Khan urged the government to extend the last date of scheme.

He also demanded that more incentives should be given to tax payers and reforms must be introduced in tax regime to help broadening the tax net and increasing the tax payers numbers.

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