Need for simple tax laws
In 2001, the General Pervez Musharraf-Shaukat Aziz duo decided to promulgate a new income tax law on the dictates of International Monetary Fund (IMF). The move was opposed by us…
Tax amnesty schemes as introduced by Tax Laws (Amendment) Bill, 2012
Prelude: The Senate Standing Committee on Finance on January 05, 2013 cleared "Tax Laws (Amendment) Bill, 2012" aimed at bringing 3.1 million potential individuals into the tax net with a…
Lacunae in Pakistani income tax laws
Since the last decade it has been observed that a lot of improvements have been made in the Income Tax Ordinance 2001 (hereinafter referred to as the "I. T. Ord")…
Reforms in tax laws – I
National sovereignty and self-dependence is the foremost requirement of our country. We as a nation have to take such steps which may ensure our sustainable development based on the indigenous…
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…
Undisclosed income/assets: Time limitation and right of taxation
The Panama Leaks and the Paradise Papers have identified many cases where offshore companies/assets have not been declared/disclosed in Pakistan tax records by persons who were required to do so…
Scofflaws at work
A polity that runs out of the ability to generate new ideas has no option but to rehash old and failed ones. We’ve seen the odd piece about the presidential…
Need for new income tax law — I
When the government of General Pervez Musharraf decided to promulgate a new income tax law in 2000, we, amongst many others, opposed it strongly. Our main objection was that his…
Will health tax undermine public health?
Ever since the PTI government took charge, severe reservations have been raised on their pre-election rhetoric of broadening the tax base rather than further taxing the current taxpayers however, post-elections…
Stay of recovery in tax matters – II
It needs to be mentioned that the principle contained in Additional Collector-II Sales Tax, Lahore Vs M/s Abdullah Sugar Mills Ltd (2003 SCMR 1026) relied by Division Bench was misplaced,…
