Rawalpindi: The Rawalpindi Chamber of Commerce and Industry (RCCI) has asked Federal Board of Revenue (FBR) and Finance Ministry to provide relief in the upcoming federal budget 2019-20. The RCCI President Malik Shahid Saleem said in a statement that Government must introduce an amnesty scheme to filers and tax payers similar to the assets declaration scheme to the non-filers. At least, filers must be exempted from tax audits for the next two to three years, he suggested. The tax payers are maintaining their documentations and being regular income tax filers must be given super relief in the budget, he added. RCCI President said that the Chamber already had submitted a set of proposals with FBR for consideration and incorporation in the federal budget 2019-20, stating that these proposals would help increase economic activity, incentives for manufacturing and SMEs and widen the tax net thereby increasing the government revenue. Key proposals in the category of income tax relate to broadening the tax base, it was suggested that discretionary powers of inland department should be restricted as it lead to abuse of authority and harassment. Government should take additional measures to incentivize exports and taking other measures to ease the cost of doing business and improving the overall regulatory regime to facilitate exporters, he added. Our Correspondent
