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The federal government of Pakistan has introduced the Pakistan Honor Card Scheme for Tax Year 2023 to encourage and provide special incentives and facilities to the top taxpayers belonging to other categories including major taxpayers and exporters of the country.
Pakistan Honor Card Scheme FBR Apply Online
These cards will be issued to the top taxpayers who received the Prime Minister’s award at the Tax Excellence Awards ceremony held on March 26, 2024, under the Pakistan Honor Card Scheme for one year.
Eligibility criteria
According to the document, under the eligibility criteria set for The Pakistan Honor Card, the largest taxpayer will be determined on the basis of the statement submitted by the taxpayer and the full amount of tax paid according to the tax return.
The top taxpayer will be eligible for the Pakistan Honor Card, which will not have any arrears in terms of tax liabilities, as well as the eligibility criteria for the Association of Persons, Companies and individual taxpayers that they do not have any tax liabilities and it is a case of tax demand and no court of law, no tax dispute case or injunction. Apart from this, there is no criminal proceeding in any court.
Under the scheme, the top taxpayers of the Pakistan Honor Card will get incentives and facilities for one year from the date of issuance of the card, the Pakistan Honor Card Scheme will be applicable to the top taxpayers of each category who receive the award from the Prime Minister at the Tax Excellence Award ceremony to be held on March 26, 2024.
Under the scheme, Pakistan Honor Cards will be issued to nine major exporters and two major exporters from chemical products, food products, leather, machinery pharmaceutical and sports goods sectors depending on the export sectors.
These cards will be issued to each major exporter of steel and metal products, paper and plastics, among other sectors. These cards will be issued to the top five highest tax paying companies in the categories of highest income tax paying taxpayers, as well as the highest tax paying AOPs in the Association of Persons (AOPs).
Pakistan Honor Cards will be issued to the top five highest taxpayers among the individual taxpayers, according to the document, these cards will be issued to the two largest new taxpayers who pay the highest tax in the category of new taxpayers.
Pakistan Honor Cards Benefits
- Top taxpayers and exporters holding Pakistan Honor Cards will be given access to CIP and VIP lounges at all airports managed by the Pakistan Airports Authority.
- Fast track clearance facility will be provided at immigration counters, official passports will be issued to Pakistan Honor Card holders, as well as big taxpayers of these tops will be invited to the annual dinner with the Prime Minister.
- The top taxpayers in each category will be selected on the basis of information provided by Pakistan Revenue Automation Limited to the FBR along with verification certificates.
- The facilities and incentives available to top taxpayers under the Pakistan Honor Card will be for one year, which will be applicable from the date of issuance of the card.
