Pakistan aims to generate $1bn extra in taxes

[fatman17]

http://www.thepeninsulaqatar.com

Pakistan aims to generate $1bn extra in taxes

Web posted at: 5/28/2008
Source ::: Internews

ISLAMABAD • The Pakistan government is considering imposing a set of new taxation measures in the budget 2008-09 to raise additional revenue of Rs70bn, or $1bn, official sources said here yesterday.

These measures would mostly be indirect taxes (general sales tax, customs and federal excise) which are likely to be imposed on luxury items to achieve the proposed target of Rs1,215bn for 2008-09.A senior official in the finance ministry said that proposals had been made in consultations with relevant stakeholders by the tax officials, and were discussed in a meeting, headed by Finance Minister Naveed Qamar.

The source said new measures would also include administrative steps for plugging loopholes and reviewing the tax breaks announced during the last seven years for upper income groups

 

[khanz]

my god we are seriously pathetic in tax collection we have nearly a 170 million population and only around 3-4 million tax payers ! everyone who is able needs to pay pak is poor as it is government needs all the money it can get so they really need to be strict in these things