Pakistan Honor Card: The Federal Board of Revenue (FBR) has announced a unique initiative that offers top taxpayers and exporters facilities and advantages through a generous reward package.
On Thursday, SRO469 was used to notify people about the Pakistan Honor Card Scheme. The advantages include diplomatic passport issuance, quicker clearance at immigration offices, and entry to airport VIP lounges.
The prime minister Shehbaz Sharif awarded prizes to individual taxpayers, associations of persons (AOPs), and top exporters. A total of 65 compliant taxpayers will get the cards.
Top taxpayers recognized for exceptional achievement in a variety of disciplines are one of the multiple categories under which the program is split. Depending on the amount of money they earn from exports outside the nation, nine of the nation’s top exporters will be selected for the cards.
Depending on the performance of the sector, there will be another category. The top two exporters per sector will be selected from the chemical industry, and then there will be two each from the food, leather, machinery, sports goods, pharmaceutical, and other industries, as well as other top exporters of paper and plastic, steel and metal products, and other products.
The cards will also be made available to exporters who produce novel and non-traditional goods. The card will also be extended to the leading exporter of goods and aluminum, after which comes fish, crabs, and spices. Three of the best exporters in the information technology sector will be chosen as part of the program.
The top five individual taxpayers were joined by two exporters who had the biggest increase from the previous year, three top exporters who shipped goods for the first time, the top three exporters who were women, the top 12 taxpayers overall, the top taxpayer in income tax, the top five highest tax-paying companies, and the highest AOP.
Taxpayers must fulfill specific requirements in order to be eligible for the Pakistan Honor Card. These requirements include paying all taxes due on final taxation statements or returns, having no unpaid claims or arrears (unless they are being contested in court), and having no active criminal cases.
