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Pakistan risks IMF, other aid if tax reform fails

By | Published: June 23, 2010
Pakistan was due to implement a value-added tax (VAT) or a reformed general sales tax of 15 per cent by July 1, but the 2010/2011 budget deferred imposition of the tax until Oct. 1 because of a failure to reach consensus among provinces. Analysts...
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Restoring faith in Income Tax Department

By | Published: January 24, 2010
The Chief Justice of Pakistan, while hearing a case on May 05, 2009, has aptly remarked that the people of Pakistan have lost faith in the Income Tax Department. The loss of faith pointed out by the Chief Justice is not limited to the tax department...
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TO FILE OR NOT TO FILE YOUR TAX RETURN- THE NON-COMPLIANCE GAMBLE!

By | Published: January 23, 2010
Rule of law and equality before law are hall marks of civilized societies. Laws in money matters are aimed at , inter alia, providing a fiscal balance in the society as well as funds for development of a nation as a whole. Tax laws should be...