How to Address the Problem of Tax Avoidance in Pakistan
Tax avoidance is the legal use of loopholes in the tax code to reduce one’s tax liability. Tax evasion, on the other hand, is the illegal use of methods to […]
How to Increase Effectiveness of Tax Laws in Pakistan?
Tax laws play a crucial role in any country’s economic development and sustainability. In Pakistan, an emerging economy with a growing tax base, the effective enforcement of tax laws is […]
Tax Administration and Export Sector
Tax administration is the process of collecting taxes from taxpayers. It includes a number of activities, such as assessing taxes, collecting taxes, and enforcing tax laws. The efficiency of tax […]
How to Improve Tax Administration in Pakistan
Pakistan is a developing country with a large population. The government relies on taxes to fund its essential services, such as education, healthcare, and infrastructure. However, the tax-to-GDP ratio in […]
Pakistan’s Tax Reform Agenda: What to Expect
Taxation is a critical aspect of any economy, and Pakistan is no exception. The country’s tax system has been the subject of much debate and criticism, with many calling for […]
New 25% Sales Tax on Imported Products in Pakistan: What You Need to Know
Pakistan’s Federal Board of Revenue (FBR) has recently imposed a 25% sales tax on a range of imported products, including home appliances, cosmetics, shoes, and food items, among others. This […]
Re-Introduction of Tax on Withdrawals from Cash and Banking Transactions in Pakistan
The Pakistani government has recently announced its decision to re-introduce the tax on withdrawals from cash and banking transactions. The tax was previously abolished to ease the tax burden on […]
Sales Tax on Services in Pakistan: Flaws in the System
The sales tax on services in Pakistan is collected by each province separately, leading to coordination issues between the federal government and the provinces. This has resulted in a poorly […]
Pakistan’s Federal Board of Revenue Increases Revenue Collection Target for 2022-23
Pakistan’s Federal Board of Revenue (FBR) has set an increased revenue collection target of Rs. 7.440 trillion for 2022-23, up by Rs. 436 billion from the previous target of Rs. […]
A Comprehensive Guide to the Federal Budget 2023 for Pakistani Citizens
The Federal Government of Pakistan recently announced its budget for the year 2023, with the Federal Board of Revenue (FBR) setting a revenue target of 6,000 billion rupees. The new […]