Pakistan is collecting around Rs. 4 billion in taxes from agriculture income instead of the potential of Rs. 150 billion, and there is a need to creating an environment to allow all equities to be equally taxed.
This was the crux of Pakistan Development Policy Series 2021’s fifth webinar of the series ‘Closing the Agricultural Tax Gap that was organized by the World Bank.
Experts added that while Pakistan’s large agrarian base contributes significantly to the real sector and employment, the share of agricultural income tax in Pakistan’s total tax revenue falls short of its true potential.
