Widening tax net: Nawaz launches Voluntary Tax Compliance scheme
ISLAMABAD: Prime Minister Nawaz Sharif has urged the business community to pay taxes transparently for greater development and prosperity, through the launch of the Voluntary Tax Compliance scheme.
The compliance scheme launched here Friday aims to register non-filer traders and regulate the undocumented economy.
Nawaz explained to traders that collecting more taxes can help build a stronger economy, reduce unemployment and poverty, attract more investment and fortify the country in the fight against terrorism.
The premier told traders the government has taken steps towards resolving issues such as the restoration of law and order in the country and counter-terrorism.
"Peace in Karachi is necessary for peace in the entire country," he said. "The government is taking steps to reform sectors including health, education and road links as well."
Nawaz said the situation in the country has improved in comparison with the state of affairs 3-4 years ago, Radio Pakistan reported. "Economic reforms have yielded positive results and economic prosperity in the country will change the fate of the nation," he claimed.
Traders play an integral role in the development of economy, he said, adding that the government would provide support to traders in every way possible.
"The PML-N led government has stepped forward to deal with internal and external challenges while policies are being devised after consultation with the relevant stakeholders in this regard” in order to steer the country towards progress, Nawaz claimed.