President Arif Alvi on Friday (today), stressed upon the need to tackle tax evasion via utilizing latest technologies and techniques.
Speaking at a seminar in Islamabad, President Arif Alvi stressed that tax evasion is nothing short of venom for any country.
The President stressed that taxation is essential to run the affairs of the country. He said our tax to GDP ratio is mere ten percent which is very low when compared with the rest of the world. He said this is the reason we have to take loans. He regretted that the people lack the spirit to pay taxes and presents different pretexts for not paying taxes.
The premier noted that the data is available with the FBR and NADRA to bring the potential people into the tax net.
Loopholes in the system must be curbed and its essential to build the confidence of the people that their tax money will be used at the right place.
The President added highlighted the need to arrange tax awareness seminars in other cities where the traders and representatives of chambers of commerce are invited.
President Arif Alvi also lauded the performance of different ombudsmen including that of Federal Tax Ombudsman saying they are swiftly resolving the complaints of the people.
The President said that government has taken effective decisions during the coronavirus pandemic, which helped in containing its spread. He said the country’s economy is also improving owing to the prudent economic policies of the incumbent government.
