Bridging the huge tax gap
The new coalition federal government will soon be in power, after controversial elections of February 8 2024, allegedly marred with post-voting manipulated results to favour the favourite. These were the…
Tax targets versus tax gap — II
The State should not collect advance taxes from those who are not chargeable to tax. Provisions like section 236 of the Income Tax Ordinance, 2001 along with many other similar…
Tax targets versus tax gap — II
The State should not collect advance taxes from those who are not chargeable to tax. Provisions like section 236 of the Income Tax Ordinance, 2001 along with many other similar…
Tax targets versus tax gap—I
“…the FBR’s revenue target has been increased to Rs 9,415 billion, requiring a 31% increase over collection of Rs 7,180 billion in the recently concluded financial year… The task seems…
The tax gap
In a recent disclosure, the Chairman Federal Board of Revenue (FBR) admitted that tax gap of Pakistan is Rs 3,000 billion. According to a press report, he said that this…
The tax gap
The World Bank has recently released a report which indicates that the potential tax capacity in Pakistan currently stands at as much as 22.3 percent of the GDP. The likely…
Mind the tax gap
The size of the tax gap in Pakistan is almost equal to the amount the country borrowed last year. The tax gap is the difference between the amount of tax…
Bridging tax gap – II
Sales Tax Presently, collection of sales tax is concentrated in few commodities. This is confirmed by the fact that petroleum products alone contribute around 44 percent of the total sales tax…
Bridging tax gap – I
Tax gap of a country is measured by the amount of tax that remains uncollected due to non-compliance with tax laws A study, 'Pakistan Tax Gaps: Estimates by Tax Calculation…
Countering sales tax frauds
Globally, tax crimes have always been a significant threat to economic stability and governance. These offences that include tax evasion, fake invoicing, refund fraud, and misreporting of income, lead to…
