ISLAMABAD: The federal government would include general sales tax (GST) in the value added tax, it is learnt here.
Sources said that International Monetary Fund (IMF) and the World Bank have emphasized Pakistan to impose GST to bring all supply-chain networks into the tax net. It may be mentioned here that the government has already tried to introduce value added tax in the past but had to face resistance.
The sources added that a team of Federal Board of Revenue (FBR), under the supervision of Special Assistant to Prime Minister on Revenue Haroon Akhtar, will meet the IMF and World Bank representatives in Dubai on December 6.
In the meeting, the FBR’s team will give presentation regarding the imposition of single digit GST in the value added tax. While the IMF and WB member will also provide technical support to the Pakistan in this regard.
The sources further revealed that FBR would set the tax rate between six to nine percent.
