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Home Chambers & Associations

ICCI calls for incentives to taxpayers for promoting tax culture

byCT Report
04/03/2019
in Chambers & Associations, Latest News, Pakistan Chambers
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ISLAMABAD: Ahmed Hassan Moughal, President, Islamabad Chamber of Commerce & Industry has called upon the government to consider giving good incentives to regular taxpayers that would motivate others to pay tax and promote tax culture in the country. He said businessmen wanted to pay tax, but instead of broadening tax base, FBR’s measures to create harassment in the existing taxpayers were discouraging others to come into the tax net.

Ahmed Hassan Moughal said that Prime Minister Imran Khan himself acknowledged while addressing a tax awards ceremony that Pakistan could not prosper with just 1.7 million people filing tax returns in a country of 210 million people. He stressed that government should come up with attractive incentives for taxpayers to honor them that would motivate others to pay tax. He said Prime Minister Imran Khan termed the high taxpayers as true VIPs of Pakistan, which was encouraging, but added that government should take some practical measures to give them honor and dignity in society. He said declaring income of over Rs.200,000 by only 72,000 persons from across the country should be a cause of concern for policymakers. He said the main reason of tax evasion in the country was that the money of taxpayers was not being spent on providing better health, education and other facilities to people. He assured that ICCI would cooperate in resolving the issues of the traders of Blue Area.

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