Talks with IMF to overhaul tax system start

A technical mission of the IMF has reached Pakistan and kick-started discussions to overhaul taxation system in Pakistan

By Our Correspondent
November 28, 2023
A view of the Federal Board of Revenue headquarters in Islamabad. — FBR
A view of the Federal Board of Revenue headquarters in Islamabad. — FBR

ISLAMABAD: A technical mission of the IMF has reached Pakistan and kick-started discussions to overhaul taxation system in Pakistan.

The mission started its deliberations with Ministry of Finance high-ups on Monday. 

The IMF has asked Islamabad to bring one million new taxpayers into the tax net. The mission will recommend the FBR to bring renters, agriculture income and property into the tax net. 

The government has prepared a special scheme for retailers, which might be considered to be introduced with effect from January 2024. The FBR is also considering launching special rules to integrate 145 departments to broaden the narrowed tax base.