Two-third of Pakistan's filers declare just Rs 41,000 monthly income
Two out of every three Pakistani individuals and companies that filed income tax returns declared a little over Rs41,000 monthly income - the earning that does not support a decent lifestyle - and paid either no or negligible tax, revealed an official analysis of tax year 2018
Two out of every three Pakistani individuals and companies that filed income tax returns declared a little over Rs41,000 monthly income - the earning that does not support a decent lifestyle - and paid either no or negligible tax, revealed an official analysis of tax year 2018.
Details also break the myth that the manufacturing sector was contributing more than its size to the tax revenues. Direct tax contribution by the manufacturing sector was almost equal to its share in the national economy, showed the details that the Federal Board of Revenue (FBR) presented to the federal cabinet.
Financial, insurance, mining and construction sectors were the ones that were paying more in direct taxes than their shares in the national output. However, it did not mean that these sectors were overburdened, rather a majority of their activities were not regulated.
https://tribune.com.pk/story/2263150/two-third-of-pakistans-filers-declare-just-rs41000-monthly-income
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