The Federal Board of Revenue (FBR) is taking all possible measures to increase Tax-GDP ratio by bringing into tax net the untapped sectors of the economy. The Director General Income Tax Khawaja Shaukat Ali stated this while speaking at inauguration of FBR Facilitation Center at the Lahore Chamber of Commerce and Industry on Thursday.
LCCI President Mian Muzaffar Ali, President-elect Zafar Iqbal Chaudhry, Vice President-elect Faisal Iqbal Sheikh and former President Mian Misbahur Rehman were also present on the occasion. Khawaja Shaukat said that Tax-GDP ratio in Pakistan is low when it is compared with other regional countries including Bangladesh.
He said that the agriculture and services sectors were being encouraged in this regard as these two sectors have been identified as the untapped sectors. To a question about Self-Assessment Scheme, the DG Income Tax made it clear that the scheme would continue there are no chances of its discontinuation. The Director General Income Tax particularly thanked the Lahore Chamber of Commerce and Industry for establishing Help Desk at its premises to facilitate taxpayers.
The Help Desk would address the problems of the LCCI members regarding e-filing of their tax returns. Speaking on the occasion, the LCCI President Mian Muzaffar Ali said that it is a prime duty of the Lahore Chamber of Commerce and Industry to extend help to the business community wherever they feel any difficulty in running their businesses and it would continue to play its role in this regard. He said that the Help Desk would help solve the problems of LCCI members about e-filing to successfully move towards documentation.
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