Tax Experts Advocate for Broadening Pakistan's Tax Base

In Pakistan, the need to broaden the tax base has been highlighted by financial experts and former officials like Miftah Ismail. This is crucial as the government requires funds to provide essential services, especially during challenging times. To address this issue, a program called 'Great Debate' on Geo News is facilitating discussions on economic matters, featuring insights from top economists and entrepreneurs.

Miftah Ismail emphasizes the importance of following global examples in expanding the tax net. He suggests reforms like implementing sales tax at the industrial level and involving all stakeholders in tax collection. Former FBR chairman Shabbar Zaidi advocates for including electricity consumers in the tax net upon acquiring power connections, a practice not currently in place.

Atiq Mir encourages traders to become tax filers for their benefit, stressing the need to resolve taxpayer issues and engage small traders. Economic expert Ammar Habib Khan proposes promoting digital payments to discourage cash transactions above a certain limit. Khalid Khokhar raises concerns about the neglect of the agriculture sector, calling for reduced production costs to make farming more profitable.

Expanding the tax base in Pakistan is crucial for sustaining public services and addressing economic challenges. By implementing reforms and engaging various sectors, the country can enhance tax collection efficiency and promote economic growth. It is essential for all stakeholders to work together towards a more inclusive and effective tax system.