Tackling twin menaces of black money and Tax evasion has always been a failure in Pakistan. In fiscal year 2014-15, FBR collected Rs. 2.58 Trillion against documented GDP of around Rs. 24.7 Trillion. #aiktax #taxfact #primeinstitute Now you can Donate and help PRIME to carry on its research and positive work for the betterment of Pakistan. Donate at https://lnkd.in/f4bEv
Wholesale and retail sector is the largest sector in respect of establishments in the country; if it pays its due taxes, it would be an immense support to the national exchequer and would enable the tax/GDP ratio reach a reasonable level. Unfortunately in 2014/15 only 2% of the overall base of the wholesale & retail sector paid taxes. why are […]
Out of Total 175,000 registered Taxpayers only 117,072 (67%) filed returns and only 55,000 (less than 32% of registered persons and 0.025% of total population of the country) paid any tax. #aiktax #taxfact #primeinstitute why are the people afraid to pay taxes ? what causes this ? Now you can Donate and help PRIME to carry on its research and […]
Out of total domestic sales tax collection of Rs.531 Billion, more than 89% was paid by only less than 400 entities. in other words, only 0.19% of the registered Taxpayers contributed more than 89% of Sales Tax. #aiktax #taxfact #primeinstitute Now you can Donate and help PRIME to carry on its research and positive work for the betterment of Pakistan. […]
The overall collection of sales tax (domestic) depends around on the collection of petroleum products as it contributes around 46% of total gross collection. The petroleum products have been the top revenue spinner of Sales Tax domestic. #aiktax #taxfacts #primeinstitute Now you can Donate and help PRIME to carry on its research and positive work for the betterment of Pakistan. […]
we are going to bring you Tax facts that will help us create an awareness on the Taxation system in Pakistan and how it contributes or effects the Economy and the Business sectors.
Besides presenting a plan as to how the government intends to tax and how it plans to spend its money, the federal budget is also meant to provide the economy with a sense of direction regarding its priorities and future growth.
by Amna Memon For the past three years, Pakistan has been pursuing macroeconomic stability under the patronage of the International Monetary Fund (IMF). It appears that the government has been successful to some extent, with the economy growing at a rate of 5.28%, the highest growth rate in almost a decade. The size of the economy also surpassed $300 billion […]
By Zia Banday Originally Published in The Express Tribune, January, 23rd 2017 In the constitutional history of Pakistan, more credit should be given to the political class for the sustenance of its federalism spirit. The sort of flexible disposition required for running a federation of four constituent units has remained in ample supply in the political class, despite their many […]