To enhance tax revenue generation in Pakistan, the government can adopt several measures to improve compliance and reduce evasion. Introducing a tax clearance certificate system for specific transactions, such as property dealings or high values assets purchasing, can ensure compliance. Simplifying tax laws and regulations will reduce ambiguity, making it easier for taxpayers to understand and adhere to their obligations.
Developing a user-friendly online platform for tax filing and payments will streamline processes, increase efficiency, and minimise physical interactions. Offering tax incentives, such as reduced rates or exemptions for compliant taxpayers, can promote voluntary compliance. Conversely, imposing stricter penalties and fines on non-compliance will deter evasion. Public awareness campaigns to educate citizens about their tax responsibilities and benefits can further encourage compliance.
Sajid Awan
Dubai
UAE
Almost every official now has a whole fleet of vehicles, complete with armed guards. These protocols often tend to...
The increasing incidents of extremist violence across various regions of Pakistan are deeply alarming. In Balochistan,...
Last week’s strike by advocates against the Hyderabad SSP after he allegedly registered an unjust FIR against an...
The ongoing anti-encroachments drive in Islamabad has negatively impacted lower-income groups. The removal of street...
On February 7, the newly renovated Gaddafi Stadium in Lahore was inaugurated, marking a significant milestone in...
It is a matter of grave concern that after 78 years, relations between India and Pakistan remain bitter and...