LAHORE: The Lahore High Court on Wednesday directed the federal government to inform it whether cabinet’s approval had been accorded before the Voluntary Tax Compliance Scheme (VTCS) was passed by parliament in 2016.
The petitioner-lawyer further contended that exempting traders from audit and filing of wealth statement was also unjustified, whereas a common citizen had to file wealth statement and also was not exempt from audit. He said the ‘discriminatory’ amnesty scheme was a reflection of dysfunctional affairs of the Federal Board of Revenue (FBR).
Justice Shahid Karim adjourned further hearing for three weeks and asked a federal law officer to apprise it of cabinet’s approval for the scheme.
On previous hearing, the Federal Law Ministry had told the court that the scheme was introduced to bring non-filers in tax net for the achievement of broader national objectives. It said the intention of introducing the scheme was to broaden the tax base and encourage those non-filers who were forthcoming in expanding the tax base of the country, which was dismally low.
Courtesy : Dawn News