According to reports, Pakistan and the International Monetary Fund (IMF) review mission will hold two rounds of technical talks today (Thursday).
FBR Shared Tax Collection Report With IMF
According to media reports, the Federal Board of Revenue (FBR) has shared the tax collection plan for the current fiscal year with the IMF, and the international lender will recommend additional measures after reviewing the plan.
According to reports, the international lender has demanded tax collection from retailers, agricultural income tax, and real estate, and has agreed to immediate new measures in the event of a tax collection shortfall.
International Lender Demands More Taxes
Furthermore, a proposal to impose a fixed tax on retailers is being considered, but the international lender is not satisfied and has asked the provinces to set a timeline for bringing agricultural income into the tax net, according to the report.
Moreover, it is also reported that the IMF mission was briefed on tax policy and the plan to separate tax collection, and that it demanded that the tax target for the current fiscal year be met in any case.
According to FBR officials, the international lender has demanded that full tax be collected from sectors with low tax collection.
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