FBR to Launch Pakistan Honour Card Scheme for encouraging tax submissions.
FBR Unveils Pakistan Honour Card Scheme: Rewarding Top Taxpayers and Exporters
The Federal Board of Revenue (FBR) has taken a significant step towards recognizing and rewarding the nation’s most valuable contributors – its top taxpayers and exporters.
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This exciting initiative, the Pakistan Honour Card Scheme, aims to foster a culture of tax compliance and acknowledge the critical role these individuals and businesses play in the country’s economic development.
Exclusive Privileges for Top Contributors:
The Pakistan Honour Card Scheme offers a range of exclusive benefits and facilities to its esteemed cardholders. These include:
- Expedited Immigration Clearance: Cardholders will enjoy faster processing through airport immigration counters, saving valuable time during travel.
- Access to Official Passports: Holders can avail themselves of official passports, often associated with quicker passport issuance procedures.
- VIP Airport Lounge Privileges: Relax and unwind in the comfort of airport VIP lounges, a perk reserved for cardholders.
- Annual Prime Minister’s Dinner: Top cardholders will receive an invitation to an exclusive annual dinner hosted by the Prime Minister himself.
A Multi-Tiered Approach:
The scheme recognizes top performers across various categories, ensuring inclusivity and motivation for diverse contributors. Here’s a breakdown of the categories:
- Leading Exporters:
- Top 9 Leading Exporters
- Sector-wise Exporters across 9 Sectors
- Top 2 Exporters in Specific Sectors: Chemical Products, Food Products, Leather, Machinery, Pharmaceuticals, and Sports Goods
- Highest Exporters in Paper & Plastic, Steel & Metal Products, and Other Sectors
- Specialty Exporters:
- Non-Traditional & Innovative Products: Aluminium & Articles, Spices, Fish & Crustaceans
- Top 3 Information Technology Exporters
- Top 2 Exporters with Highest Growth (Last Year)
- Top 3 First-Time Exporters
Women in Business:
The scheme acknowledges the crucial role of women entrepreneurs by recognizing the top 3 women exporters.
Taxpayer Recognition:
The program goes beyond exports, recognizing the efforts of top taxpayers across all tax categories. This includes:
- Top 12 Taxpayers across all Taxes
- Top 5 Income Tax-paying Companies
- Highest Association of Persons (AOPs)
- Top 5 Individual Taxpayers
Newcomers and Growth Businesses:
The scheme extends its recognition to emerging contributors with categories for:
- New Taxpayers with Highest Tax Paid
- Top 3 Small and Medium Enterprises (SMEs)
A Commitment to Recognition and Growth:
By acknowledging these valuable contributors, the FBR aims to achieve several goals:
- Promote Tax Compliance: The scheme incentivizes timely and accurate tax payments, fostering a culture of responsible financial citizenship.
- Recognize Economic Drivers: Highlighting the achievements of top taxpayers and exporters showcases their significant contribution to the national economy.
- Encourage Growth: This initiative seeks to inspire others, particularly new businesses and SMEs, to follow in the footsteps of recognized contributors.
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