The government will also have to pay a political price for ending the GST exemption, according to Chairman FBR
The government will also have to pay a political price for ending the GST exemption, according to Chairman FBR.
ISLAMABAD: The Chairman of the Federal Reserve Board, Asif Ali Zardari, has stated that the government will have to pay a political price for ending the GST exemption.
At a press conference in Islamabad, Chairman FBR Dr Muhammad Ashfaq Ahmed remarked that the government would have to pay a political price if the GST exemption was removed. Increased revenue and reforms have long been required by the IMF. We used to impose new taxes whenever the IMF requested it, but no one noticed the policy level changes because they were unpopular moves, as the IMF meant by tax revenue data.
According to the chairman of the FBR, the IMF is pushing for greater policy reforms. The IMF demanded that a 17 percent GST be levied on all goods.The IMF demanded that tax disparities be eliminated; our attention is likewise focused on reducing tax discrepancies and contradictions. The IMF advises that taxes be kept until revenue is collected.
The Chairman of the Federal Reserve Board, Dr. Ashfaq Ahmed, stated that the reforms enacted through the mini-budget are historic. It is proposed to impose a 17 percent GST on imported mobile phones worth more than Rs.According to this estimate, Pakistan should be the world’s largest industrialised country, yet despite the concessions, Pakistan is not the world’s largest industrialised country.
According to Chairman FBR, these choices are vital for the country’s economy and documentation. If the government earns more money, targeted subsidies will be increased. If it departs from the IMF programme, only one budget will be presented.
