ISLAMABAD: Pakistan’s Prime Minister Shehbaz Sharif on Thursday said that tax evaders, tax defaulters and their supporting elements will be nabbed as the government is reforming the country’s tax system to increase the tax net.
The Prime Minister was chairing a high-level review meeting in Islamabad, on tax reforms, digitization of the economy and measures to increase revenues.
PM Shehbaz said that the government has levied a minimum tax on mediocre and poor segments of society in the fiscal budget 2024-25.
The Prime Minister said during the preparation of the budget, he gave clear directives that the elite class must pay taxes.
PM Shehbaz said complete digitization of the tax system, increasing workforce efficiency; reducing the tax rate and increasing the number of taxpayers are among the government’s topmost priorities.
The Prime Minister said the Federal Board of Revenue (FBR) is an important wheel of the country’s economy and the government will provide all resources for development and digitization of FBR.
He said steps are being taken to bring the people eligible to pay tax into the tax net as soon as possible
During the meeting, International firm McKinsey and Karandaaz apprised PM Shehbaz of the progress made in the last four weeks regarding the digitization of FBR and the increase in revenues.
Short and medium-term plans to enhance revenue were also presented to the Prime Minister.
The meeting was briefed that digitization and automation of the value chain of the country’s economy will increase revenues.
وزیرِ اعظم محمد شہباز شریف کی زیرِ صدارت ٹیکس اصلاحات، معیشت کی ڈیجیٹائیزیشن اور محصولات میں اضافے کیلئے اقدامات پر اعلیٰ سطحی جائزہ اجلاس
ٹیکس دینے کے اہل افراد کو جلد سے جلد ٹیکس نیٹ میں لانے کیلئے اقدامات کر رہے ہیں۔ حکومت ایف بی آر کی ہیومن ریسورس کی ترقی اور ڈیجیٹائز یشن کے… pic.twitter.com/C4afYWil1O
— Government of Pakistan (@GovtofPakistan) June 13, 2024
