Tax benefits

By News Desk
September 30, 2024

The people of Pakistan mainly pay two types of taxes: the with-holding tax (WHT) on earnings and the general sales tax (GST) on anything they purchase. Roughly, every individual who earns any amount, pays at least 25 per cent of his/her income against WHT and GST. Those who are filers, get the benefit of their paid WHT while filing their annual income/wealth tax returns.

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On the other hand, the people get no benefit from the GST that they pay. The government should reform the tax system such that there are more benefits to becoming a filer. This new system would certainly help the government generate revenues.

Muhammad Abdus Samad

Islamabad

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