Simplification of Taxes in Pakistan
Khawar Nehal
Founder & CEO at Remote Support LLC | Expert in IT Solutions & Remote Technology Assistance | Empowering Businesses with Seamless Tech Support | Provide training for improving businesses
If the issue is the amount of tax. How about keeping things simple. 5% VAT on everything. Everything you want to not tax or reduce taxes on, you refund.
Everything you want to kill like tobacco, then you create a excise duty to tax to death or near death.
For every individual you have income taxes. Already done and ok.
So what is the issue ?
No customs, excise, octroi, super, chungi, sales, bla bla , etc etc taxes required.
It is very hard to explain another tax when these three cover every area usually overlapped by multiple taxes, duties and customs.
Keeping things simple shall facilitate business.
P.S. The issues are the responsibility of the Pakistani citizens. Since the last 70 years they are responsible after independence from other governments. So it is just a matter of recognizing their responsibility and being held accountable.
Just like share holders are responsible for the default of PSX membership payments of any Listed company.
When the real owners recognize their responsibility and accountability and take ownership of the systems they are part owners in, then things shall change only when the owners act accordingly and responsibly.
Regards,
Khawar Nehal