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FBR Activities & Events

RTO Karachi , Chief Commissioner - Meeting with Traders – In connection of Voluntary Tax Compliance Scheme (VTCS)

For creating awareness among the stake holders of the business community, in connection with the Voluntary Tax Compliance Scheme (VTCS), a meeting was held by Hafiz Muhammad Ali Indhar, the Chief Commissioner-IR, RTO, Karachi with representatives of various trade bodies led by Mr. Jameel Ahmed Paracha, Chairman, Sindh Tajir Ittehad to-day. The Chief Commissioner-IR explained the salient features of the Scheme. The Chief Commissioner-IR stated that the scheme had been announced after detailed discussions and deliberations spread over multiple round of meetings with representatives of Chambers and Trade Bodies across the country meaning thereby that this scheme is as per aspiration of the Traders and Business Community for promoting a culture of tax compliance in the country which will also result in broadening the tax base. The office bearers of the Trade Bodies stated that they believed the scheme would act as a catalyst in promoting a culture of tax compliance, broadening the tax net and encouraging the traders and business community to declare their income and pay their proper taxes free of any duress and pressure from any side and ensured for their best efforts and cooperation in making the scheme a success. The Chief Commissioner-IR further stated that this scheme is applicable to both non-filers and filers and the Board has prescribed one page return form consisting minimum information. He also described that the VTCS is a historic achievement in promoting a stable and economic growth of Pakistan. The Chief Commissioner-IR extended full cooperation to traders in filing of tax return under this scheme. To make this scheme most beneficial and successful a comprehensive chart of function has been earmarked which includes, establishing the Kiosks in major business centers and using the facilitation mobile vans in remote areas of the City.

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