NewsIMF Agrees With Pakistan On Tax Targets

December 28, 2020Zayn0

Pakistan and IMF to tax has agreed to maintain targets, this year the tax will not modify the target.

Sources said that the tax target of Rs 4963 billion will be maintained till June 30. No more tax burden will be imposed on the people this year. Various administrative and enforcement measures will be taken to achieve the tax targets. Sources said that the collection target for the first half of the current financial year will be achieved.

The FBR acquired targets taxes in five months. Board of Revenue Tax receipts are more than goals. From July to November, tax of Rs 1,688 billion has been collected. According to sources, in the first five months of the financial year, gross revenue has been collected Rs 1,773 billion.

The Punjab including Lahore from assets on the big road tax has been the decision, has ordered a survey from January to identify properties of major highways in the province, excise officials say property tax take Commercial and domestic 920 points have been identified on the highways where commercial and residential properties will be surveyed.

DC rate to a percentage of the value of the property taxes will be charged, Excise Department said taxes has set a target of over 6 million estate to new the next year taxes were set a target of 2 billion for recovery Yes, the rules for levying property tax on highways were passed after the law was passed. Due to lack of survey due to Corona this year, no tax could be levied.

Zayn

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