FBR Scheme Attracts New Taxpayers from Rawalpindi and Quetta Amid Collection Shortfall
What happened
The government's fixed tax scheme for retailers has attracted new taxpayers from Rawalpindi and Quetta. Despite the scheme's annual collection target of Rs. 50 billion, only Rs. 26 million has been collected under the scheme to date. The scheme has brought in only two genuinely new traders, while 315 of the 317 shopkeepers who joined were already part of the tax system.
From propakistani.pk
Why it matters
The Federal Board of Revenue serves as the primary revenue collection and fiscal agency for the Government of Pakistan. The scheme's failure to meet collection targets impacts the national fiscal health of Pakistan.
The government of Pakistan has mandated the expansion of the tax net through the Federal Board of Revenue.
From propakistani.pk
Who's involved
- Federal Board of RevenueFederal revenue department of Pakistan
- RawalpindiCity in Punjab, Pakistan
- QuettaCapital of Balochistan Province, Pakistan
- PakistanSovereign state in South Asia
- Government of PakistanFederal government of the Islamic Republic of Pakistan
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The entities involved
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Federal Board of Revenue
federal revenue department of Pakistan
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Rawalpindi
city in Punjab, Pakistan
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Quetta
capital of Balochistan Province, Pakistan