RCCI Pres­i­dent asks traders to take ben­e­fit of VTS

The Pak Banker - - NATIONAL -

Pres­i­dent Rawalpindi Cham­ber of Com­merce and In­dus­try (RCCI) Mian Hu­mayun Per­vaiz has said that it is a high time for the traders to avail the ben­e­fits of Vol­un­tary Tax Scheme (VTS). He said, this is a golden op­por­tu­nity for the traders ei­ther they are fil­ers or non-fil­ers.

He said, the scheme an­nounced by the govern­ment is a gift of this year and all the traders should file their tax re­turns and take ben­e­fits from the scheme. He urged the traders to pay a lit­tle tax for the coun­try. This scheme will give a chance to the traders to be­come tax payer and cor­rect ac­counts.

The scheme is fa­vor­able for the traders as it save lot of time from pre­vi­ous and fu­ture au­dits and penal­ties, he added. He said, the traders have been pro­vided sim­pli­fied one page form to file their re­turns by Fe­bru­ary 29 to be ben­e­fited by the amnesty pro­vided by the Fed­eral Board of Rev­enue.

Pres­i­dent RCCI said that traders can get ad­van­tage of ex­emp­tion from to­tal au­dit for four years and non-fil­ers should take max­i­mum ben­e­fit of it. He said, the scheme in­tro­duced by the govern­ment is an ef­fort to in­crease rev­enues and broaden the tax net.

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