ISLAMABAD: Finance Minister Shaukat Tarin on Tuesday said the International Monetary Fund (IMF) wanted Pakistan to improve tax to GDP ratio to 20 per cent through structural changes. Improving tax to GDP ratio to 20 per cent from 9 per cent is in the benefit of the country, he added. Addressing to the interactive session […]
Finance Minister Shaukat Tarin has said that the prime objective of the government to take the tax-to-GDP ratio to 20 per cent in coming years which currently stood at 8-12 per cent.
ISLAMABAD: The Federal Board of Revenue (FBR) is projecting tax-to-GDP ratio at 12 percent in three years after slippage of the ratio to a single digit in 2019/2020, a report said. The FBR’s collection to the GDP has been dropped to 9.6 percent in fiscal year 2019/2020, which the tax authorities realized that the ratio […]
ISLAMABAD: Tax to GDP ratio has slipped to 11.4 percent in fiscal year FY20 (2019/2020) when compared with 11.6 percent in the preceding fiscal year, according to statistics released by the finance ministry. The size of Gross Domestic Product (GDP) has been measured at Rs41,727 billion in fiscal year 2019/2020 as compared with Rs38,559 billion […]
ISLAMABAD: Pakistan’s tax to GDP ratio likely fall to 11 percent as losses due to coronavirus lockdown on tax revenue has been estimated at around Rs1,023 billion in current fiscal year. The tax to GDP ratio was actually estimated at 12.8 percent for tax year 2019/2020. However, it is projected at 11 percent after the […]
ISLAMABAD: Pakistan’s tax-to-GDP ratio has slipped to 11.6 percent in fiscal year 2018/2019 as compared with 13 percent in the preceding fiscal year, revealed by date released by the ministry of finance. The revenue collection authorities of the federal and provincial governments unable to achieve collection targets during the last fiscal year. The primary reason […]