The minister revealed that tax evasion in Pakistan stands at nearly Rs7,000 bln annually. He said steps are afoot to broaden the tax net and bring reforms to the tax system of Pakistan.
The minister also announced the ‘war against tax evaders’ in Pakistan and admitted all the burden of taxes is being beard by the salaried class of the country.
Aurangzeb also said they are trying to increase the tax share in the economy to 13.5.
FBR committed to bringing 2.8 mln households into the tax net, says Spox
Earlier, the Federal Board of Revenue (FBR) spokesperson said that the body is all set to bring around 2.8 million potential households into the tax net which would contribute approximately Rs1.6 trillion to the national economy.
“There are around 3.5 million top households liable to pay taxes to the government, however out of which 2.8 million are not paying taxes,” Spokesperson of the FBR, Bakhtiar Muhammad told APP.
The incumbent government had embarked upon a comprehensive plan to enhance the tax-to-GDP ratio and consequently, the number of tax filers as well as tax collection went up during the current fiscal year (2024-25).
Mutib Khalid is a skilled content writer and digital marketer with a knack for crafting compelling narratives and optimizing digital strategies. Excel in creating engaging content that drives results and enhances online presence. Passionate about blending creativity with data-driven approaches, Mutib Khalid helps brands connect with their audience and achieve their goals.