ISLAMABAD: Chairman of the National Assembly’s Standing Committee on Finance, Revenue and Economic Affairs Qaiser Ahmed Sheikh said on Thursday that the prime minister’s economic reforms package would expand the tax network.
Talking to a news channel, he said credit should be given to the ruling government for announcing an economic reforms package to facilitate the people. There should be a direct taxation system instead levying indirect taxes, he added.
Qaiser Sheikh also welcomed the PM’s announcement to exempt those earning Rs0.1million per month from tax.
Prime Minister Shahid Khaqan Abbasi on Thursday announced a reduction in the income tax percentage in a move aimed at clamping down on tax evaders and bringing more people into the tax net.
Addressing a press conference in the federal capital after a meeting of the Economic Advisory Council (EAC) that ended earlier on Thursday, the prime minister said that a decision had been taken to introduce a five-point amendments package on income tax. “The amnesty scheme has been introduced to bring citizens into the tax net,” he said.
Meanwhile, commenting on the Indian human rights violations in the occupied Kashmir, Sheikh said that the international community should take cognizance of the barbaric activities of the occupation forces and violation actions against innocent Kashmiris.
He said that India was committing human rights violations and involved in the killing of Kashmiri people who struggled for their inalienable right to self-determination.