Tax reforms: Aurangzeb has a difficult road ahead
Reportedly, the IMF expects FBR tax revenues to grow by over 30 percent in the upcoming fiscal year (FY25). However, achieving such growth is simply impossible without broadening the tax…
FBR’s resistance to tax reforms
Fiscal consolidation should be as growth-friendly as possible. In general, tax base-broadening reforms are identified as growth-oriented reforms. To the extent that they reduce distortions to economic decisions on work,…
The quest for tax reforms
The Federal Board of Revenue (FBR) surpassed the revised targets for fiscal year (FY) 2020-2021 and for the first four months of the current FY (see details below) as elaborated…
Budget 2019-20 & tax reforms
Budget 2019-20, expected to be announced in the last week of this month, will be very important for the coalition government of Pakistan Tahreek-i-Insaf (PTI). It will determine the direction…
Case for All-Pakistan Unified Tax Service: PTI & innovative tax reforms
Generally the taxation system in developing countries witnesses low tax-to-GDP ratio owing to several factors such as high compliance costs, complex tax rate structures, multiple tax agencies and narrow tax…
‘PTI govt’ & tax reforms
The newly-formed coalition government of Tehreek-i-Insaf (PTI) has to address daunting challenges on many fronts, e.g. achieving political stability by working with strong Opposition, uprooting terrorism, improving law and order…
100-day tax reforms agenda
The administrative burden of tax compliance is hardest in Pakistan where firms have to make 47 payments and spend 594 hours (or 74 man days per year) dealing with tax…
Wither tax reforms?
Does the government of Pakistan Tehreek-i-Insaf (PTI) still desire to bring about fundamental tax reforms that were promised in its 'First 100-Day Agenda'? Many say it is no more possible…
Foreign-funded tax reforms
Fiscal consolidation should be as growth-friendly as possible. In general, tax base-broadening reforms are identified as growth-oriented reforms. To the extent that they reduce distortions to economic decisions on work,…
Flawed tax reforms agenda — II
In fiscal year 2018-19, total payment, as per budget documents, on account of debt servicing, was Rs 1,987 billion against the budgeted figure of Rs 1,620 billion. Allocation for the…
