Predictable Taxe News Today

The economic topography of nations depends heavily on a robust revenue system, akin to the lifeblood sustaining its...

Majority of the Pakistanis are going to be dejected after hearing the second budget of the outgoing alliance...

Fiscal consolidation should be as growth-friendly as possible. In general, tax base-broadening reforms are ...

Since the assumption of power in April 2022, the coalition government of Pakistan Democratic Movement (PDM) has been...

Daily Times July 11, 2021 The outdated and oppressive tax structures at federal and provincial levels have created further fiscal mess and how come out of it is discussed in Towards Flat, Low-rate, Broad and Predictable Taxes’ (PRIME Institute, Islamabad, published in December 2020, available free at: https://primeinstitute.org/towards-flat-low-rate-broad-and-predictable-taxes/). A webinar on this book was held on July 10, 2021 hosted jointly by publisher (PRIME institute) and Pakistan Social...

Budget 2021-22 and erratic taxation Budget 2021-22 and erratic taxation Perspectives Budget 2021-22 and erratic taxation

Daily Times May 9, 2021 The coalition government of the Pakistan Tehreek-e-Insaf (PTI) is facing fiscal disaster as evident from Summary of Consolidated Federal and Provincial Fiscal Operations, 2020-21, released on May 6, 2021 by the Ministry of Finance, for the first nine months of the current fiscal year. It shows that 37 percent of defence spending is now funded by borrowing. This is a very serious matter but remains unnoticed. It has national security repercussions if remedial measures are...

Daily Times May 2, 2021 The provinces must participate in devising a national tax policy and collection apparatus as their share under 7th National Finance (NFC) Award (57.5 percent) is greater than the federal government and it cannot be reduced under Article 160(3A) of the Constitution of the Islamic Republic of Pakistan [“the Constitution”]. Article 156(2) of the Constitution after Constitution (Eighteenth Amendment) Act, 2010, [commonly called “18th Amendment”] requires federalised ...

After the 18th Amendment, the right to levy wealth tax and inheritance tax is with the provinces “ ....the debt servicing relief of $ 2.7 billion (equivalent to 1 percent of GDP) provided to Pakistan under the G-20’s Debt Servicing Suspension Initiative will help create expenditure space for Covid-related spending” —State Bank of Pakistan’s Annual Report 2019-20— The State of Pakistan’s Economy The federal and provincial governments of Pakistan Tehreek-i- Insaf (PTI) (asked to sup...