close
Monday January 27, 2025

Tax revenue boost

By News Desk
January 16, 2025
Tax revenue boost

To enhance tax revenue generation in Pakistan, the government can adopt several measures to improve compliance and reduce evasion. Introducing a tax clearance certificate system for specific transactions, such as property dealings or high values assets purchasing, can ensure compliance. Simplifying tax laws and regulations will reduce ambiguity, making it easier for taxpayers to understand and adhere to their obligations.

Developing a user-friendly online platform for tax filing and payments will streamline processes, increase efficiency, and minimise physical interactions. Offering tax incentives, such as reduced rates or exemptions for compliant taxpayers, can promote voluntary compliance. Conversely, imposing stricter penalties and fines on non-compliance will deter evasion. Public awareness campaigns to educate citizens about their tax responsibilities and benefits can further encourage compliance.

Sajid Awan

Dubai

UAE