- FBR Chairman Rashid Mahmood Langrial expressed concern over sales tax fraud in Pakistan
- “Flying invoices” have become a full-fledged business in the country
- Corruption within the FBR itself is fueling the problem
- Langrial acknowledged the challenging economic situation in Pakistan but expressed optimism for improvement
- He highlighted the systemic issues plaguing the country’s tax collection infrastructure
- Only 4 million out of 43 million households in Pakistan are registered taxpayers
- Langrial argued for reducing the high GST rate and corporate tax rate to improve the tax collection system
- He emphasized the need for reforms and accountability in the tax collection process.
Source: pkrevenue.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
