SIALKOT: Chief Commissioner Regional Tax Offices (RTO) Sialkot Imran Raza Kazmi has said the government has extended the date of Voluntary Tax Amnesty Scheme (VTAS) for filing of returns until March 15, 2016. The purpose of extending the deadline is to attract more taxpayers.
While talking to Customs Today, Imran said this scheme is not aimed at whitening the black money, rather it is purely for those traders who did not file any income tax return for the past 10 years.
He said Senators, MNAs, MPAs and persons convicted under narcotics, terrorism and money-laundering charges are not covered by the scheme. He said that the RTOs are launching awareness campaign in order to bring the traders into the tax net by exempting them from tax audit at least for three-year allowing them declare their hidden assets and bank accounts, and in return they will gradually increase their tax payments during the amnesty period. He said this is good package which the traders should avail.
