The Pakistan Industrial and Trader’s Association Front (PIAF) is supporting the government's recent decision to try to widen its tax base by bringing the agricultural sector under the tax net.
According to the PIAF's Chairman, Irfan Qaiser Sheikh, taxing the agricultural sector will be beneficial not only to government revenues, but also to the business community.
The move would allow the government to increase its revenue intake without inflicting higher tax rates on the economy during the current financial downturn.
Putting the measure into perspective, Mr Irfan Qaiser Sheikh added that, at present, although the agricultural sector accounts for 20% of the country's total GDP, it only contributes 1% to government tax revenues.
.
Network Tweets
Network BlogsContent
provided by
|
Archive | Resources | Partners | Site Map | Links | Newsletter Archive | Contact | RSS Feeds | About | Syndication | Advertising & Marketing | Recruitment | Terms & Conditions | Privacy & Cookies
Copyright © 2012 - All Rights Reserved - Tax-News.com
IMPORTANT NOTICE: Tax-News.com has taken reasonable care in sourcing and presenting the information contained on this site, but accepts no responsibility for any financial or other loss or damage that may result from its use. In particular, users of the site are advised to take appropriate professional advice before committing themselves to involvement in offshore jurisdictions, offshore trusts or offshore investments.
Write a comment