Tax on bank transactions and status of G-B
Withholding is an act of deductions or collections of tax at source according to Income Tax Ordinance, which has generally been in the nature of an advance tax payment. It…
Let technology save the tax system
An anaemic tax-to-GDP ratio is a reality that is reiterated time and again. Similarly, a distorted taxation structure that is regressive, and heavily penalizes the most vulnerable segments of society…
Budget: rationalise taxation
On the eve of another ritual exercise of announcing federal budget, official date has yet to be finalised, expected on June 12, 2024, there is a need to re-evaluate tax…
Budget & tax policy
‘The impact of economic growth on the lives of people is partly a matter of income distribution, but it also depends greatly on the use that is made of the…
Low taxation of property
The recent revelation of massive investment in property by Pakistanis in Dubai of over $11 billion has not only raised issues of the exit of capital from Pakistan but also…
Taxing the auto industry
Economists of the 20th century believe that a thriving industrial sector is crucial to the development of a modern economy. In 2010, Cambridge economist Ha-Joon Chang observed that development without…
FBR: Dwindling tax collection
Pakistan has one of the world’s lowest tax ratios, stemming from five main weaknesses: complexity, a narrow tax base, low compliance, inefficient tax administration, and low and declining provincial tax…
Cultivating tax awareness
It is common knowledge that efficient collection of taxes is fundamental to the economic stability and growth of any country. However, in Pakistan, the tax collection system has been marred…
Improving tax compliance
The caretaker government has set up a tax reforms taskforce to come up with recommendations to close the ‘tax gap’ due to weak compliance, without requiring any additional tax policy…
Broadening the tax net — I: A solution to taxation woes?
In recent years the word “narratives’ and the phrase “narrative building” have come to occupy a prominent place in political, social and strategic discourses. Narrative was previously a concept confined…
