It is the need of the hour to revamp the whole taxation system: Malik Tahir Javaid
LAHORE: Collectorate of Customs Appraisement Collector Appraisement Jameel Nasir Khan has said that in times to come, E-payment module will prove instrumental in bringing about revolutionary change in the tax collection mechanism which has to be aligned with the vision of State Bank of Pakistan (SBP) for year 2020 that aims at facilitating taxpayers at large.
He said that E-payment system will facilitate tax payers. He was addressing the participants of seminar on e-payment facility in WeBOC system here the other day at the Lahore Chamber of Commerce of and Industry (LCCI).
They said that joint initiative by the LCCI and Federal Board of Revenue (FBR) will help understand entire process of E-payment in WeBOC. The LCCI President Malik Tahir Javaid said that the Lahore Chamber of Commerce and Industry has been making persistent efforts to make the government realize that it is the need of the hour to revamp the whole taxation system.
The LCCI has always demanded that the numbers and frequency of taxes have to be reduced and the taxpayers should have the options to pay taxes online. He said that now tax liabilities can be discharged through credit cards and from anywhere that is a good facility for the business community. He said that there is a factor called “Paying Taxes” which contributes in determining the overall ranking of a country in terms of ease of doing business.
Pakistan’s ranking in Paying Taxes plunged by 16 notches to 172, as compared to 156 last year. There are 47 different types of taxes in Pakistan as compared to 13 in India. The time consumed to pay these 47 taxes is 311 hours in Pakistan as compared to 168 hours in Sri Lanka for the same number of taxes.
Senior Vice President Khawaja Khawar Rashid, Vice President Zeshan Khalil, Collector Appraisement Jameel Nasir Khan, Director Reforms Wajid Ali, USAID Representative Hassan Saqib, former LCCI Vice President Aftab Ahmed Vohra and various other experts spoke on the occasion.
