Tax revenue may change through automatic response of the tax yield to changes in national income and/or through the imposition of new taxes, revision of the bases and/or the rates…
WE save from our incomes and pay taxes. It is, therefore, important to review the trend in incomes first. According to the latest Household Integrated Economic Survey [HIES] 2018-19, our…
The Finance Ministry in a written response to the National Assembly this week past stated that Chinese investors under the China Pakistan Economic Corridor (CPEC) are exempted from taxes and…
This is a continuation of the articles written earlier in this paper on the matter of perpetual amnesty available in the form of 'No Question Asked Concept' for foreign exchange…
The dismal share of income tax in overall collection of taxes during the last many decades testifies to the lack of judicious balance between direct and indirect taxes, resulting in…
The Federal Board of Revenue (FBR) has achieved a historic milestone of collecting taxes of Rs 4.17 trillion in the first 11 months of the current fiscal year, for which…
In this concluding part, we are highlighting various proposals already given to the government of Pakistan Tehreek-i-Insaf (PTI) and some new ideas for restructuring tax administration on national level. Additionally,…
A commentary on the economic and financial rationale for the actions proposed to be undertaken by way of Income Tax (Amendment) Bill 2021 with views on the conceptual shortcomings arising…
“Judicial overreach is when the judiciary starts interfering with the proper functioning of the legislative or executive organs of the government. This is totally uncharacteristic of the role of the…
The PTI Government showed lack of political will to reduce exemptions, concessions, waivers and immunities to the State Oligarchy. Total tax expenditure was of Rs. 1.5 trillion in the just…
