New tax system will help achieve economic sovereignty: Dar

ISLAMABAD: Finance Minister Ishaq Dar urged the business community to take optimum benefit from the voluntary tax filing scheme, unveiled by the government for them on Friday, and supplement the government’s effort for achieving economic sovereignty and self respect for Pakistan.

“Today’s tax scheme is a scheme for the interest of the country and its every ones day of success,” he told a big gathering of the business community leaders at the Prime Minister Secretariat where the prime minister formally announced voluntary tax filing scheme for the filers and non-filers in order to make them as genuine taxpayers by taking benefit from the new scheme. Finance Minister Ishaq Dar however clarified that this scheme would not be applicable for the members of the parliament and only traders could benefit from this scheme.

He lauded the efforts of the prime minister for his contribution in resolving the problems of business community, farmers and service sectors in the country. The finance minister on the occasion reiterated the government’s commitment to check leakages, theft, corruption and completely eliminating the SRO culture besides ensuring transparency, good governance and accountability in the government tiers for the prosperity of the country.

Dar informed the gathering of the traders that the government has decided to table voluntary tax scheme for non-filers to the parliament to fulfill its legal requirement and approval from the parliament. The government, he said, would present non-filers scheme in the National Assembly session for debate and approval instead of promulgating it through an ordinance or SRO. He added that the government has reached an agreement after an extensive five months parlays with business community leaders and the government wanted to get its approval from the parliament and make the scheme as part of the bill.

The finance minister also appreciated the representatives of the business community for their efforts and cooperation in the finalisation of the scheme. He asked them that they would fulfill their commitment and visit cities and streets and add one million assesses, which would gradually be increased 2 million assesses in the country. The finance ministers said that present government has doubled development budget from Rs 600 billion to Rs 1,200 for the prosperity of the country and welfare of the people.

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