FAISALABAD: Tax is a prerequisite for the development of country and the trust deficit between people and collecting agencies needs to be bridged in order to compete with the rest of the world.
This was stated by University of Agriculture Vice-Chancellor Dr Muhammad Iqbal Zafar who addressed an awareness seminar on taxation on Tuesday. The event was arranged by Office of Research Innovation and Commercialisation, University of Agriculture Faisalabad and Punjab Revenue Authority as an initiative of the provincial government.
Dr Zafar said that there was a need to create awareness among the masses about the importance of tax for national development. He said levies were essential for the provision of modern health, infrastructure, education and other basic necessities of life to people.
He said tax collection agencies could reduce tax percentages that will help broaden the collection net. “If millionaires pay tax with honesty and people had trust the leadership, it will help increase the tax net.”
The VC lamented the fact that only 10 million people in the country were registered to pay tax.
Published in The Express Tribune, April 11th, 2018.