Higher tax rates won’t achieve desired revenue targets, says FBR chief Blogging Sole

Higher tax rates won’t achieve desired revenue targets, says FBR chief

 Blogging Sole

A vendor displays different fruits to attract customers at his stall in Hyderabad on February 11, 2023. — APP FBR chief admits revenue leakage of Rs1.2tr in income tax sector. Langrial presented strict measures to improve tax compliance. The official admits that falling inflation has affected revenue collection. ISLAMABAD: Federal Board of Revenue (FBR) Chairman … Read more

Tax evaders will face tough action amid government efforts to improve revenue collection Blogging Sole

Tax evaders will face tough action amid government efforts to improve revenue collection

 Blogging Sole

Representative image of a trader reading a newspaper while selling betel leaves, cigarettes and sweets in Karachi. — Reuters/File The PM emphasizes the use of video analytics to improve revenue collection. Leads its rapid implementation in cement and tobacco industries. Premier calls for early completion of digitalization of FBR value chain. LAHORE: As the federal … Read more

IMF wants Pakistan to mobilize revenue from untapped tax bases Blogging Sole

IMF wants Pakistan to mobilize revenue from untapped tax bases

 Blogging Sole

The International Monetary Fund (IMF) logo is seen outside its headquarters in Washington, the United States, September 4, 2018. — Reuters The IMF mission concludes its visit to Pakistan from November 12 to 15. He says he is encouraged by the authorities’ commitment to reforms. Next mission for the first review of the FEP expected … Read more