ICCI calls for drastic reforms in taxation system

Author: Staff Report

ISLAMABAD: The Islamabad Chamber of Commerce & Industry (ICCI) in collaboration with SBP’s Banking Services Corporation, organized an awareness seminar on online payment of taxes and duties.

Sheikh Amir Waheed, President, M. Naveed Malik, Senior Vice President, Nisar Mirza Vice President of ICCI and local business community were present at the occasion.

Muhammad Aftab Alam, Chief Manager SBP Banking Services Corporation, Ms Zohra Hanif Mab Deputy Chief Manager SBPBSC Islamabad, Syed Nabeel Hassan Deputy Director SBPBSC Head Office Karachi and Ms. Saleha Zakir Shah Deputy Collector Customs Islamabad gave detailed presentation on the online payment of taxes and duties.

Addressing the business community, Muhammad Aftab Alam, Chief Manager SBP Banking Service Corporation said that to develop a modern and robust payment systems and to improve efficiency, security, costs and access of payments and settlements infrastructure, SBP under Vision2020 has visualized strategic and tactical goals related to digital banking.

He said that the government through Pakistan Customs has signed agreements with World Customs Organization (WCO) and WTO aimed at trade facilitation and introduction of online payment system for collection of duties and taxes.

He said that the online tax collection system would provide multiple benefits to the taxpayers as it would facilitate them in payment of taxes/duties from anywhere without visiting bank branches.

Published in Daily Times, May 4th 2018.

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