LCCI hails ex­ten­sion in tax amnesty scheme

The Pak Banker - - NA­TIONAL -

La­hore Cham­ber of Com­merce and In­dus­try (LCCI) Thurs­day wel­comed the ex­ten­sion in the dead­line of Vol­un­tary Tax Com­pli­ance Scheme (com­monly known as tax amnesty scheme).

Talk­ing to APP here, the LCCI Pres­i­dent Sheikh Muham­mad Ar­shad and Vice Pres­i­dent Nasir Saeed termed the ex­ten­sion a step in the right di­rec­tion that would not only help broaden the tax base but also in­crease the gov­ern­ment's rev­enues and sub­se­quently sta­bi­lized the coun­try eco­nom­i­cally.

To a ques­tion, they said that tax col- lec­tion mech­a­nism and re­lated is­sues had al­ways been re­mained a bone of con­tention be­tween the gov­ern­ment and busi­ness com­mu­nity, but this time, its am­i­ca­ble set­tle­ment would im­prove the busi­ness and in­vest­ment en­vi­ron­ment.

Sheikh Ar­shad said, "The gov­ern­ment de­serves ap­pre­ci­a­tions for ful­fill­ing prom­ise with trad­ing com­mu­nity and tak­ing an­other good step for the over­all econ­omy."

To an­other ques­tion, he was of the view that this scheme would broaden the tax base sub­stan­tially and in fu­ture the county would not be in need of launch­ing any more tax amnesty schemes. He added that gov­ern­ment's busi­ness friendly mea­sures should not be treated or per­ceived neg­a­tively. "Any ini­tia­tive aimed at pro­vi­sion of re­lief to the tax pay­ers should be ap­pre­ci­ated and wel­comed duly in­stead of re­sort­ing to po­lit­i­cal point scor­ing," he main­tained.

While, Nasir Saeed re­marked that tax amnesty scheme, no doubt, was a last op­tion to bring the non-fil­ers into tax sys­tem but the pol­icy mak­ers would have taken this step af­ter thor­ough work­ing and con­sid­er­a­tions.

They said that La­hore Cham­ber of Com­merce and In­dus­try was the real rep­re­sen­ta­tive of the busi­ness and traders com­mu­nity and it be­lieved that re­lief pack­age was the ul­ti­mate right of the busi­ness­men and in­dus­tri­al­ists.

La­hore Cham­ber's of­fice-bear­ers ex­pressed the hope that gov­ern­ment would con­tinue to take such busi­ness and in­vest­ment friendly steps in fu­ture as well. Mean­while, Speaker Na­tional Assembly Sar­dar Ayyaz Sadiq Thurs­day hinted at new leg­is­la­tion to help pro­tect spe­cial per­sons say­ing that they are an as­sets of the coun­try and all seg­ments of so­ci­ety are duty bound to act for them. He was speak­ing at the 12th an­nual mela of La­hore Busi­ness­men As­so­ci­a­tion for Re­ha­bil­i­ta­tion of Dis­abled (LABARD) here at Ghu­lam Gi­lani Park (Race Course Park).

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