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Income Tax Proposal for FBR – Budget 2023-24

by PRIME Institute

Revolutionizing Taxation: PRIME’s Proposal for a Fairer and Simpler Tax System

27, Feb 2023

 

PRIME, an economic think tank, has submitted a proposal to the Federal Board of Revenue (FBR) in Pakistan aimed at reforming the income tax system to promote simplicity, transparency, and compliance. The proposal comes in response to the FBR’s solicitation of ideas for the upcoming Finance Bill 2023. The proposal was developed in consultation with the Taxpayers’ Alliance, a group of tax experts from across Pakistan, as well as Mr. Anas Farhan, the Prime Fellow & Vice President of ZTBL. The aim of the proposed reforms is to eliminate taxes that are unjustified, discriminatory, do not contribute to the national exchequer, and have become redundant. This proposal aims to create a fairer and more efficient tax system in Pakistan that can provide sustainable funding for public expenditures.

PRIME INCOME TAX PROPOSALS FOR BUDGET 2023-24:

[pdf-embedder url=”https://primeinstitute.org/wp-content/uploads/2023/02/PRIME-Income-Tax-Proposals-23-24.pdf” title=”PRIME Income Tax Proposals 23-24″]

Incredible things happen when PRIME Fellows come together! This proposal was born from their expert input. Click here to get the full meeting rundown.