LAHORE: For the promotion of tax culture in Pakistan, the government will have to bring down the rate of the taxes besides bringing the untaxed sectors into the tax net.
This was stated by executive committee member of the Lahore Chamber of Commerce and Industry Raja Adeel Ashfaq here the other day.
He said that flaws in taxation system causing loss of billions of rupees to the national exchequer. He said that a large number of taxes and difficult taxation system is also creating troubles for the taxpayers. He said that tax reforms like developed countries could enhance the government revenue.
Raja Adeel Ashfaq said that most of the challenges being faced by the economy are directly linked to complicated and lengthy taxation procedures. He said that flaws in taxation system causing loss of billions of rupees to the national exchequer.
He said that a large number of taxes and difficult taxation system is creating troubles for the taxpayers. He said that tax reforms like developed countries could enhance the government revenue. He said that government would have to facilitate the business community to achieve the huge revenue target set for the ongoing financial year.
