PTI lists it's economic achievements so far

[AZ1]

Yes, all exports are duty free and tax exempted. Firms only pay income tax on their export income.

While there is no tax on remittances sent by overseas Pakistan through banking channel. Previously, there was 0.3% tax for return filers and 0.6% tax for non-return filers on withdrawl of money more than Rs.50,000 but in reforms package 2019, governemnt has exempted accounts receiving foreign remittances and maintained in Pak rupee from any kind of tax.

What if we make firms exempted from income tax too. Any individual or firms should be exempted from income tax wouldnt that will encourage more business to become exporter and bring $ in the country?

 

[Hareeb]

What if we make firms exempted from income tax too. Any individual or firms should be exempted from income tax wouldnt that will encourage more business to become exporter and bring $ in the country?

A bad idea. If you do not tax businesses, how are you going to run your country? How are you going to pay your debt or making investment in education, health and infrastructure or paying salaries of government employees or meeting your defence needs? GOP understands the idea and FBR is already making efforts to broaden tax base.

 

[AZ1]

A bad idea. If you do not tax businesses, how are you going to run your country? How are you going to pay your debt or making investment in education, health and infrastructure or paying salaries of government employees or meeting your defence needs? GOP understands the idea and FBR is already making efforts to broaden tax base.

We have to increase exports right? Majority are salary persons who pay income tax. Then we have majority of importers who import product and then sell those product and generate income.like mobile shops etc.

Currently 20 lac filer. Out of which 8 lac salary person 5-6lac are businesss (importer and exporter)and rest is just like house wife etc. Exporters are very few. Mostly in Pakistan people prefer to be importer because china is our neighbour.

We get income tax revenue around 413b

Or for all exporter i think 1% should be enough in order to remain compititve.and lower tax will bring more exporter. What do you think?

 

[maithil]

Good work under the circumstances. No increase in export and inflation are two shortcomings. But too soon to judge.

 

[AZ1]

Good work under the circumstances. No increase in export and inflation are two shortcomings. But too soon to judge.

Increase in exports they didnt mention but 7% has beem increase in exports.

 

[Wikki019]

We have to increase exports right? Majority are salary persons who pay income tax. Then we have majority of importers who import product and then sell those product and generate income.like mobile shops etc.

Currently 20 lac filer. Out of which 8 lac salary person 5-6lac are businesss (importer and exporter)and rest is just like house wife etc. Exporters are very few. Mostly in Pakistan people prefer to be importer because china is our neighbour.

We get income tax revenue around 413b

Or for all exporter i think 1% should be enough in order to remain compititve.and lower tax will bring more exporter. What do you think?

tax revenue is above 4000 billion, 70% direct taxes are coming from industry and exporters have many tax breaks already