Next mammoth tax: Govt to release list of taxpayers within months

[SBD-3]

ISLAMABAD:
A little over 10 days after it revealed details of taxes paid by members of parliament, the government promised to deliver another milestone – the publication of a list of the country’s taxpayers.

“The government has decided to publish a directory of the country’s 900,000 taxpayers,” Finance Minister Ishaq Dar told the National Assembly.

He said that the task is likely to be completed in the next two-and-half months.

Addressing the lower house, Dar said that the publication of the parliamentarians’ tax directory was the greatest achievement as Pakistan is the fourth country in the world to have published such a directory.

The directory will be uploaded, as per commitment, on the website of the Federal Board of Revenue (FBR) by February 28 (Friday) night and can be accessed by anyone, he added.

He said that the NTN has been issued to 99 per cent of the parliamentarians which stand at 1,120. The remaining 52, that include eight MNAs, would be issued the NTN soon.

Talking about the Income Support Levy (ISL), he said that the matter was sub judice and was optional tax.

The parliamentarians’ tax directory had revealed that Prime Minister Nawaz Sharif paid Rs2.65 million in income tax but did not pay anything under the ISL, implying the premier owns no ‘moveable’ assets. The government has imposed the ISL at the rate of 0.5 per cent of the value of all moveable assets an individual owns.

Earnings from the ISL will straightaway go to beneficiaries of the Benazir Income Support Fund.

Responding to a question raised by Abdul Rashid Godil from the MQM, he said provinces must try to ensure receipt of agriculture tax as enshrined in the constitution. He said that provincial governments should step up efforts to realise the true potential of agriculture tax.

Punjab is currently collecting Rs700 million and Sindh Rs300 million which needs to be further enhanced.

He said against the tax growth of three per cent during the last five years‚ the country witnessed a growth of 16 per cent in the first six months of current fiscal year. The tax growth rose to 26 per cent in the month of January.

Meanwhile, the house passed the National Judicial (Policy Making) Committee (Amendment) bill 2013 that paved the way for the chief justice of the Islamabad High Court to become a member of the National Judicial (Policy Making) Committee (NJPMC).

According to a statement of objects and reasons, the Law and Justice Commission of Pakistan in its meeting dated June 4, 2011 considered the proposal to amend section III of the NJPMC.

Published in The Express Tribune, February 28th, 2014.

 

[Kompromat]

Only they should have the right to vote and for higher education.

 

[Hiptullha]

Only they should have the right to vote and for higher education.

I dislike tax-evaders too, but nowadays, with the current people in charge, it's hard to believe that the tax you pay will go to developing the nation and not the garden of some landlord in Sindh.

 

[SBD-3]

Only they should have the right to vote and for higher education.

Not everybody has the ability,earnings or means to pay tax. The point should be that those who have the ability yet don't pay taxes should be brought to justice.

 

[Kompromat]

Not everybody has the ability,earnings or means to pay tax. The point should be that those who have the ability yet don't pay taxes should be brought to justice.

Middle class should and we have a huge one!

 

[SBD-3]

Middle class should and we have a huge one!

54% are officially below poverty line. around 10% is the upper class. This leaves around 35% in between. Now in middle class there are people who earn more than to say above poverty line but fall below taxable income benchmark. And given the higher poverty rate, the ratio of this chunk would also be very high. Even if i say that 20% out of 35% are such people. This leaves the taxable middle class at around 15%

 

[Kompromat]

54% are officially below poverty line. around 10% is the upper class. This leaves around 35% in between. Now in middle class there are people who earn more than to say above poverty line but fall below taxable income benchmark. And given the higher poverty rate, the ratio of this chunk would also be very high. Even if i say that 20% out of 35% are such people. This leaves the taxable middle class at around 15%

15% Taxpayers can get us rid of IMF and WB. More citizens will join the middle class when govt would be spending more on development and less on debt financing.

 

[xyxmt]

I dislike tax-evaders too, but nowadays, with the current people in charge, it's hard to believe that the tax you pay will go to developing the nation and not the garden of some landlord in Sindh.

well we waited 65 years, lets wait some 100 more years and angles might land in Pakistan provided people are still alive. Yet you have roads, bridges, water system, electric grid, some form of railways, over 100000 public schools, hospitals...agreed not in perfect condition but dont expect perfect anything if you don't pay taxes.

by the way this is the same argument given by people who don't do charity.

 

[SBD-3]

15% Taxpayers can get us rid of IMF and WB. More citizens will join the middle class when govt would be spending more on development and less on debt financing.

1-IMF's lending is for Balance of Payment support strictly (only recently, they have allowed for using the fund's lending's local equivalent for poverty reduction incentives). So to get rid of IMF, Pakistan needs a current account surplus rather than a fiscal surplus which relies on taxation.
2- Yes WB's loans can be avoided given we have sufficient tax base. But WB's lending mostly comes in the shape of project financing. WB finances projects not the budget. However, WB's lending comes where the project costs are huge like Diamer Bhasha which would require around 12-14 Billion USD that is around 3 times the total development budget of Pakistan.