Merger of tax collection bodies to help businesses

Islamabad: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) President Engineer Daroo Khan Achakzai and Chairman United Business Group (UBG) Iftikhar Ali Malik have received Prime Minister Imran Khan’s tax amnesty scheme as a right step towards a prosperous economy for Pakistan.

Iftkhar Ali Malik a veteran trade leader has said to simplify the tax collection systems. He suggested a merger of all tax collection bodies to facilitate the tax payers with a single body. This will help the ease of doing business in Pakistan. An offer for lending a helping hand has been made to the government in this regard.

During the discussion, emphasis was laid on creating awareness on the conversion of black money into white money. The confidence of tax payers should be elevated, incentives for Small and Medium Enterprises (SMEs) should be offered. Awareness should also be created about export warehouses, elimination of piracy, agriculture sector, mis-declaration and smuggling.

Appreciation was given to the forthcoming paybacks of the tax amnesty scheme. It would not only increase tax base and revenue generation, but also bring money into the country. The legal process will be availed for reveal their hidden properties, to strengthen the weak economy and lessen the burden on existing taxpayers.

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