On Monday, an International Monetary Fund (IMF) delegation arrived in Pakistan to discuss the tax net and strategies to increase revenue from taxes.
A delegation of technical experts has arrived in Pakistan to engage in week-long consultations with the Federal Board of Revenue (FBR) regarding taxation policies, according to sources.
The delegation is set to propose amendments aimed at expanding the tax net and maximizing revenue collection. Collaboratively, the FBR and IMF experts will formulate the foundational framework for implementing a scheme targeting retailers, with the goal of adding one million more taxpayers to reach a total of six million.
These proposed amendments are expected to be enacted in the upcoming budget.
Notably, discussions on tax net expansion are anticipated to have no impact on the disbursement of the loan tranche, as the IMF executive board is scheduled to consider Pakistan’s case on December 7, potentially providing around US$700 million and bringing the total disbursements under the program to nearly US$1.9 billion.
