Prominent taxpayers will be given "Pakistan Honor Card"

ARY NEWS

Transcript

00:00 The Federal Board of Revenue has decided to introduce the Pakistan Honor Card scheme to the prominent tax payers during 2023.

00:09 So, those who receive the Honor Card will be given benefits and benefits for a year.

00:14 And also, the nine big tax payers of the country will be issued Honor Cards.

00:20 The Pakistanis who receive this card will also be issued a government passport.

00:24 The blue passport, yes.

00:25 And they will be invited to the annual dinner with the Prime Minister.

00:29 You must be aware that the Prime Minister has recently distributed awards for this.

00:35 The prominent tax payers will also be issued Honor Cards.

00:39 So, we have with us to discuss this issue, the former member of the FBI, Dr. Hamid Atiq Sarwar.

00:44 Dr. Atiq, Assalam-o-Alaikum. Thank you so much for your time.

00:47 So, sir, on the Prime Minister's instructions, the FBI is going to launch the Honor Card scheme soon.

00:52 How profitable can this scheme be?

00:55 Yes, this time, the scheme is going to be profitable.

01:01 We have launched this scheme in 2018.

01:04 It is possible that it will be more profitable than that.

01:08 Because, earlier, only the top tax payers used to get this.

01:12 And the rich people used to get all this.

01:16 This time, according to me, 66 awards have been given.

01:20 27 of them are based on tax and the remaining 38 are given to exporters.

01:26 And all of them are going to get this Privilege Card or Honor Card.

01:30 The good thing about this is that it is not only based on tax payment.

01:34 The top tax payers are also included in this.

01:37 But, along with this, the people who pay tax for the first time, the majority of them are included.

01:42 Similarly, this category has been made for SMEs.

01:47 And, more than this, we see that the exporters also get this.

01:51 Where not only the top tax payers get this, but also the rest of the awardees.

01:59 The rest of the awards are given to the new sectors.

02:03 7 new sectors are given to the rivers.

02:05 Like, aluminum, steel, and many more.

02:08 And women are the first ones to get this.

02:10 If you talk about the sector, there is a class called the Salary class.

02:14 There was a lot of discussion about this.

02:17 A report was published last year.

02:19 According to this, the Salary class pays the highest tax to the big traders.

02:25 Businessmen are out of the 1000 tax net.

02:28 But, this class pays the highest tax.

02:30 So, will this Salary class be for people like us?

02:34 Yes.

02:35 I think they are included in this.

02:38 Yes, because in every category, the individuals, partnerships, and companies,

02:44 the 5 biggest individuals are included.

02:47 So, it is necessary that there are 2 Salary people included.

02:51 And, the Salary people pay the full tax.

02:53 It is a good thing.

02:54 But, in the complete tax, you can correct yourself.

02:57 If the income tax was 3200 rupees,

03:00 the Salary people would have paid 300 rupees.

03:03 So, it is very important.

03:05 They cannot steal their tax.

03:07 In India, the tax is higher than that of the businesses.

03:09 But, there, the tax should be less than what they should pay.

03:14 So, the rest of the people are stealing their tax.

03:16 Does this mean that they are not paying the full tax?

03:18 They are not stealing their tax.

03:20 I think we should understand that the tax is in the principle.

03:25 If the shopkeeper is not paying the tax,

03:27 and you are paying the tax,

03:28 then you cannot compete with them.

03:30 So, you will have to understand this compulsion.

03:32 So, it will be a problem that until we bring a large number of people in the tax,

03:37 we have to expect that they will pay the tax.

03:41 So, we have to solve this problem.

03:43 We should have a horizontal equity.

03:45 We should take the tax from the same people.

03:48 Thank you so much Dr. Hameed Hatiq Sarwar.

03:52 You were with us.

03:53 So, such incentives should be given.

03:56 It is a good thing.

03:57 But, the tax should be increased in the net.

03:59 So, that the society does not face the burden of just one class.

04:08 In fact, everyone should pay the tax according to the situation.

04:11 The revenue will increase as much as the people pay the tax.

04:13 Finally, that system is also going to start.

04:15 The retailers will also have to pay tax.

04:18 And they will have to pay at least Rs. 1200 per year.

04:21 They have introduced this scheme for the beginning.

04:25 Let's see how it goes on a grand scale.

04:27 It's been a long time since we talked about the weather.

04:30 We have forgotten about the weather.

04:32 The weather was pleasant, but the sun has set.

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