OUR STAFF REPORTER

RAWALPINDI

Federal Board of Revenue team, comprising of member Inland Revenue policy, Rahamt Ullah Wazir and member facilitation and taxpayer education (FATE) Nadeem Dar visited Rawalpindi Chamber of Commerce and Industry (RCCI) yesterday.

During their visit, member tax policy Rahmat Ullah said that voluntary tax compliance scheme is an incentive package to bring traders into tax net. Highlighting features of the scheme he said that it’s a golden opportunity for traders to take benefit of this scheme and made their capital documented.

Under one pager return Form traders will file simplified income tax returns for Tax Years 2015-2018, he added.He said that Traders availing this scheme shall not be subjected to audit and without prior approval of FBR, commissioner or chief commissioner will not send any notices to the filers.

He said that FBR team soon made a visit to the twin cities markets and will meet traders association and share the benefits of the scheme and address all related queries on the spot. The last date for availing benefits from this scheme has been set as February 29, 2016.

President RCCI Mian Humayun Parvez on this occasion said that the scheme will help the government to increase the tax filers count and traders will be able to document their capital.

Its not about letting traders whiten their undeclared assets against a nominal tax payment rather this scheme is meant to facilitate traders and tax payers to file their returns in an easy and simple way with an objective of collecting taxes and increasing the tax net along with declaring their real income, he emphasized. President said that RCCI will soon establish a help desk to facilitate filers and non-filers