SIALKOT: Federal Board of Revenue’s official spokesperson Shahid Hussain Asad has said that it is dire need of the hour to promote ‘Tax Culture’ in the country to overcome financial issues.
In an official statement he has said, “The business community and people in general should pay their due taxes according to their income for strengthening the country economically. If everybody starts paying due taxes according to one’s income and law it will pave the way for getting rid of foreign loans.”
He said that it was our moral and national duty that we should pay due taxes for larger national interests as well as to attain economic sustainability. Shahid Asad said that expenditure of 2013-14 was about Rs 3,500 billion whereas the target was below Rs 2,500 billion, adding that an overall loan of over Rs 1,000 billion is needed for running the system of the country.
“We can easily get rid of foreign loans if the business community and people pay their taxes regularly,” he added.
Earlier, Shahid Asad, who is also Member Inland Revenue (Policy), addressed a seminar on “Audit under the Tax Laws” organised by Pakistan Tax Bar Association and Sialkot Tax Bar Association jointly.
