The estimated sales tax gap was nearly 67pc of the total sales tax collection
The law gives enormous powers to tax authorities. Its careful implementation is necessary to prevent any abuse of power.
Tax authorities must ensure that only legitimate NPOs enjoy tax incentives.
Several provisions in Income Tax Ordinance 2001 are difficult to interpret and not easily implementable.
Revenue losses caused by special provisions in the tax code in 2017-18 were estimated at Rs541bn, 14pc of total
A benign attitude towards tax evasion may be warranted if it results in greater economic growth
Money laundering diminishes tax revenues resulting in honest taxpayers’ having to bear the burden of additional taxes.
With more than 45pc share in federal tax receipts, the sales tax is a major source of tax revenue.
It is difficult for authorities to obtain information regarding such deals.
Some retailers will have an option to pay sales tax at the rate of 2pc of their total turnover, without the facility
Highlighting the most significant legal reforms introduced in the new Companies Act 2017
The Income Tax Code of Pakistan contains various provisions of presumptive taxes that ultimately become indirect taxes
The tax amnesty scheme encourages people to evade taxes in the hope to whiten their black money through another tax
Here's a list of tactics used by businesses when it comes to VAT/GST.
Compared to developing countries of South Asia, Pakistan’s performance is low
The Balochistan government is yet to start collecting the GST on services.
Abolishing multiple rates in favour of a single GST rate can help improve the efficiency and effectiveness of the GST.
A common faultline in Vat is its susceptibility to unethical practices.
The national and provincial poverty alleviation programmes operate on the periphery of the mainstream economic activity.
Tax collection from customs duty and federal excise duty decelerated more than the expected rise in...