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Growth Inclusive Tax Policy: A Reform Proposal PIDE Report

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  • PIDE

    (Pakistan Institute of Development Economics)

Abstract

The document presents a reform proposal for a growth inclusive tax policy. The summary of the proposed reforms is given below: ▪ Withholding Tax (WHT) regime needs simplification • Withholdingisation1 needs to be reduced in the economy to improve efficiency. Finance Bill 2020 proposes to enhance thresholds to be considered as withholding agents for different tax provisions. It is commendable, and this reduction is recommended to be expanded to other tax provisions as well. • Make the process of readjustment or refunds of the unclaimed taxes easier. The FBR should streamline the online refund process on a priority basis to minimize economic cost.

Suggested Citation

  • Pide, 2020. "Growth Inclusive Tax Policy: A Reform Proposal PIDE Report," PIDE Research Report 2020:5, Pakistan Institute of Development Economics.
    • Handle: RePEc:pid:rrepot:2020:5
    as

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    File URL: https://file.pide.org.pk/pdfpideresearch/rr-036-growth-inclusive-tax-policy-a-reform-proposal.pdf
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    References listed on IDEAS

    as
    1. Muhammad Nasir & Naseem Faraz & Saba Anwar, 2020. "Doing Taxes Better: Simplify, Open and Grow Economy," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 59(1), pages 129-137.
    2. Jamil Nasir, 2020. "The Tariff Tripod of Pakistan: Protection, Export Promotion, and Revenue Generation," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 59(3), pages 517-551.
    3. Tehseen Ahmed Qureshi & Zafar Mahmood, 2016. "The Magnitude of Trade Misinvoicing and Resulting Revenue Loss in Pakistan," Lahore Journal of Economics, Department of Economics, The Lahore School of Economics, vol. 21(2), pages 1-30, July-Dec.
    4. Jamil Nasir, 2020. "The Tariff Tripod of Pakistan: Protection, Export Promotion, and Revenue Generation," PIDE-Working Papers 2020:6, Pakistan Institute of Development Economics.
    5. Muhammad Nasir & Naseem Faraz & Saba Anwar, 2020. "Doing Taxes Better: Simplify, Open And Grow Economy," PIDE Policy View Point 2020:17, Pakistan Institute of Development Economics.
    Full references (including those not matched with items on IDEAS)

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