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Businessmen should avail help desk facility for Asset Declaration Scheme

Businessmen should avail help desk facility for Asset Declaration Scheme

LAHORE: The Lahore Chamber of Commerce & Industry has urged the business community to avail Help Desk facility for Asset Declaration Scheme.

Talking to media, the LCCI President Almas Hyder, Senior Vice President Khawaja Shahzad Nasir and Vice President Faheem-ur-Rehman Saigal said that the Lahore Chamber of Commerce & Industry has established Help Desk with the objective to provide guidelines to the businessmen who are interested to avail this opportunity.

They said that Assets Declaration Scheme 2019 is a golden opportunity that must be availed by the business community. They said that any undisclosed assets, working capital, undisclosed sales and undisclosed expenditure, held of acquired up to June 30, 2019 can be declared under this scheme.

The LCCI office-bearers said that strict rules and regulations will be implemented after June 30, 2019 therefore businessmen must avail this scheme. They said that a desk of Federal Board of Revenue is established at the Lahore Chamber of Commerce & Industry to provide guidelines about this scheme.

They said that the Lahore Chamber of Commerce & Industry has always demanded for broadening the tax net and lowering down the tax rate to adequately meet the target of tax collection. “We expect that this Scheme will go a long way in achieving the desired results. It goes without saying that tax authorities have to improve their image as well. Lahore Chamber encourages its members to be tax compliant and carry out their liabilities responsibly”, the LCCI office-bearers added.