Tuesday, 19 March 2024
Trending
No Representation Without Taxation
TAXATION

No representation without taxation

No voting right without payment of taxes

Adviser to the Prime Minister over Finance Shaukat Tarin on Monday emphasized at linking right to representation and vote to payment of taxes, saying that the Government has the right to collect taxes.

If you want to become active tax filer or want to get tax, accounting and corporate services in Pakistan then we are here to provide you professional services! Call: 0092-3334875413 | www.globaltaxconsultants.pk

Income estimation at 88% accuracy rate

People should forget tax evasion as the government had all their data of every citizen and with the help of Artificial Intelligence (AI), income of every individual could be estimated at 88 per cent accuracy rate, Mr Tarin made it clear while addressing Kamyab Jawan Convention.

No representation without taxation

“German finance minister during my previous tenure had met me. She said [there should be] no representation without taxation, [meaning thereby] if you don’t pay taxes you have no right to representation, to vote. Simple. And, friend, this is very straight. You may say the government doesn’t provide anything, it collects taxes and doesn’t provide any facilities that’s why we don’t pay taxes. Many people say this. You use roads, you use electricity, you use everything, many people don’t even pay electricity bills. The very fact that law and order, the army that defends your borders, police and others, where will this money come from, friend. I mean to say forget that there would be no tax. Yes, but we will simplify it.

See also  FBR's Investigation & Prosecution Cell registered FIR on issuance of fake and flying invoices

No withholding tax and turnover tax

“Only two types of taxes will be collected income tax and consumption tax that you call GST. All other taxes such as withholding tax, turnover tax and all other such taxes will be abolished within three to four years till I am in office,” he said.

Third Party audit with no harassment

The adviser said nobody would be harassed as any dispute between a taxpayer and Federal Board of Revenue (FBR) would be evaluated through a third-party audit.

tax accounting services top tax consultants lahore pakistan
Ads:
Tax.net.pk - Your Tax Experts and Consultants

Welcome to Tax.net.pk

Providing Expert Tax Services for Individuals and Businesses

About Us

At Tax.net.pk, we are dedicated to providing comprehensive tax solutions tailored to meet the needs of individuals and businesses. With years of experience in the industry, our team of tax experts is equipped to handle various tax matters, including tax planning, preparation of tax returns, and compliance.

We strive to stay up-to-date with the latest tax laws and regulations, ensuring that our clients receive accurate and reliable advice. Our commitment to client satisfaction and our in-depth knowledge of the tax landscape make us the trusted choice for all your tax-related needs.

Contact Us

For inquiries or to schedule a consultation, please reach out to us: