HomeBusinessAre there any disadvantages to filing taxes? Achi-News

Are there any disadvantages to filing taxes? Achi-News

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Except translation, this story has not been edited by achinews staff and is published from a syndicated feed.

Islamabad (News Desk) The new IMF program also has different priorities. One of the priorities is to expand the tax base. Experts also say that the IMF emphasizes expanding the scope of taxes.

It should be noted that when giving an interview to the American broadcasting organization in Washington yesterday, it was said on behalf of the Federal Minister of Finance that the government is now going to remove the term non-filer. And such restrictions will be imposed on those who do not pay tax. Oh they can’t do many things.

It should be remembered that the government has been making terms in taxes since the previous IMF program. But people in Pakistan are afraid of filing tax because they don’t know if filing tax will harm them. In this regard, the private news agency spoke to some experts and tried to find out if there can be any loss of filing taxes.

Tax collection is very low in Pakistan
Economist Abid Silhari said in this regard that taxes are very little collected in Pakistan according to GDP. Unfortunately, whenever there was an improvement in this ratio. Instead of bringing people who hide their income into the tax net, governments have been placing more of a tax burden on tax filers, which is why people are reluctant to become tax filers. And past tax amnesty schemes have also encouraged non-filers.

Removing the non-filing category is a positive step
According to Abid Sulhari, the elimination of the non-filing category in the current tax reforms is a positive step. Those who file will pay tax in proportion to their income and will be able to adjust various taxes in advance. Because eliminating the non-filing category is an important step towards documenting our economy. So if we don’t want to be indebted to the IMF and the loans, then we have to continue with these reforms.

The president of the Council of Economic and Energy Journalists said in this regard that the foundation of any state is to collect taxes from its citizens to provide services and protect and run the affairs of the state Former kings and dictators used to collect to meet their personal expenses, but then in the democratic era the text is a tool through which the state meets its expenses as well as infrastructure and infrastructure The main purpose of taxation is to provide services that make it easier for people to do business.

There is a whole culture of tax evasion in Pakistan
But there is a whole culture of tax evasion in Pakistan, FBR department officials in Pakistan have made such systems themselves that they are tax evasion, there is no better accountability in Pakistan. The FBR officers who receive honorarium for budgeting receive it in cash so they don’t have to pay taxes, except their house rent they also get a separate check in their salary , then it’s a dark situation in Pakistan.

He said that apart from this, FBR has the power to summon any tax payer and there is an atmosphere of harassment in FBR.

According to the President of the Council of Economic and Energy Journalists, there is no accountability system at all for the FBR, there is no central system to whom they give notices. There is no system of what is the result of this notice, which officer has issued how many tax collection notices, how much the notices were worth, how much tax has been collected, there is no calculation at that time so it is F All internal accountability what BR has is that people take a lot of trouble because they have no internal accountability.

People are shying away from FBR
He said that such a perception and impression has now been established that people are shying away from FBR. do not want to join FBR and therefore the best possible tax situation in Pakistan is to establish a distinction between tax payer and tax collector in FBR. Apart from this, if any notices are issued, what are the consequences, there should be a platform for the same and there should be accountability of the officers who issue the notices.

Citizens must file mandatory taxes
He said citizens should file mandatory taxes. It benefits the country, the government and the people. This will improve the economy of Pakistan. In all this, it is the people who get the most improvement.
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(Except translation, this story has not been edited by achinews staff and is published from a syndicated feed.)
source link https://dailyausaf.com/pakistan/2024/09/29/63197/

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