📌 Key Highlights & Quick Takeaways:
- The Urdu Post (Monitoring Desk): IMF has suggested emergency tax measures to meet the shortfall while expressing concern over the decline in tax.
- According to sources, the International Financial Institution has expressed concern over the tax shortfall of Rs 129 billion in October and Rs 96.
- FBR sources say that if the tax shortfall increases further, the option of imposing new taxes on the public or cutting government expenditure may.
The Urdu Post (Monitoring Desk): IMF has suggested emergency tax measures to meet the shortfall while expressing concern over the decline in tax revenue.
According to sources, the International Financial Institution has expressed concern over the tax shortfall of Rs 129 billion in October and Rs 96 billion in 4 months. The IMF has emphasized on meeting the annual tax collection target of 15,264 billion rupees, while calling the current tax revenue insufficient and demanding an increase in the tax-to-GDP ratio.
FBR sources say that if the tax shortfall increases further, the option of imposing new taxes on the public or cutting government expenditure may be considered. Tax collection conditions are likely to be tightened in the next economic reviews, while emergency tax measures will be discussed if targets are not met.
