ISLAMABAD: The government has decided issuance of Taxpayers Privilege Cards (TPC) to top taxpayers and granting them incentives through amendment to the customs baggage rules to enhance baggage allowance from $500 to $2,500.
The move is said to be part of the PM’s multi-pronged tax incentive package to broaden the taxpayers net and the Federal Board of Revenue (FBR) has directed its Member Customs for amendments to the baggage rules till March 2014.
The FBR has contemplated the PM’s tax incentive package for its effective implementation and has decided to coordinate with the Civil Aviation Authority (CAA) for implementation of the baggage rules package at airports till March 2014.
It is to be noted that under the Prime Minister tax incentive package, top hundred taxpayers in each category of Companies (CEOs), Association of Persons (main shareholders), salaried individuals and non-salaried individuals will be issued Taxpayer’s Privilege Card to promote tax culture and acknowledge leading taxpayers.
The holders of the card will be entitled to VIP Lounge at airports, fast track clearance at immigration counters, issuance of gratis passport and increase in baggage allowance from $500 to $2,500. There is also a plan to honour top ten taxpayers with Excellence Awards in each category and they will also be invited to annual dinner with the Prime Minister at Excellence Award Ceremonies.
