ISLAMABAD: Pakistan Muslim League-N MNA Maiza Hameed Thursday said the government would bring more sectors into the tax net in the future to increase revenues and help making country self sufficient.
Talking to APP, she said “the government believes in broadening the tax net by bringing the untaxed in to tax net and those evading the taxes into the tax net to help increase government revenue as well as to do justice with the existing taxpayers”.
The MNA said that the government was focused to revamp the entire tax administration by automating it, easing the tax payment system and creating tax awareness among the masses to enable them to pay the taxes with ease and in hassle free atmosphere.
During the last ten months of the ongoing fiscal year, Maiza Hameed said, around 35 percent revenue growth was witnessed by the Punjab Revenue Authority on General Sales Tax (GST) on services collected from 59 sectors in the province.
Other than this, she added the number of registered taxpayers have also been doubled, reaching to about 22,000 during the same period.
She revealed that earlier, when the Federal Board of Revenue collected GST on services, from only five to seven sectors were taxed, while the provincial government has broadened the tax net by including 59 more sectors into tax net.
About the government priorities in the forthcoming budget, she said health, education, clean drinking water, agriculture and infrastructure development are the key areas – which could be focused by the government in the forthcoming budget.
Like the previous year’s practice, the government would also reduce the percentage of block allocations in the forthcoming budget especially after the 18th amendment of the constitution, which enabled the provinces to collect GST on services by themselves.
