Major Tax Reforms | Pakistani Assailants in Saudi Arabia | Give Electricity & Get Paid. by IA Hashmi

 

The decision of the Federal Board of Revenue (FBR) to remove the category of non-filers from the tax laws and impose 15 restrictions on those who do not pay taxes is not only the need of the hour for the country facing economic challenges, but also the affairs of the state. Also an integral part of running requirements. Like a mother, the state devotes its resources to its children and takes care of all matters, including basic rights and security, but it also demands taxes from them to run the affairs of the country according to their income and status, which is refused or Manipulator behavior is not tolerated in any country in the world. In many countries, tax evasion or providing false information about income and resources is considered a serious crime. In the countries which are called developed today, an important factor in their development and prosperity is the culture of paying taxes.

The obstacles in the way of increasing revenue in the country include the behavior of elites, bribery in government institutions, various types of tax exemptions and other factors under the guise of which elements addicted to tax evasion have been taking shelter. The incentives given to document the economy over the years included some concessions for filers and some disincentives for non-filers, but the results did not meet expectations. Now that the government has decided to make new reforms in the tax laws, it is said that the support of big industrialists has been secured to extract more revenue from existing filers and non-compliant citizens. However, industrialists are of the opinion that if agriculture is not taxed, the tax-to-GDP ratio will remain stagnant. Chairman FBR Rashid Langriyal and Minister of State for Finance Ali Pervez Malik in a meeting with industrialists and businessmen in Islamabad on Tuesday show that only 25 billion rupees were collected from non-filers last year as fees. happened Now the way to avoid paying transaction tax in case of lapse of non-filer category is closed. Five of the 15 restrictions to be imposed on non-taxpayers by abolishing the category of non-filers will be imposed initially, including restrictions on property, vehicles, international travel, opening current accounts and investment in mutual funds.

The government has decided to identify non-filers through advanced machine learning and Algorithms. In conjunction with the State Bank, monitoring of such persons whose income level is not commensurate with their transactions will be done. According to Chairman FBR, these steps are part of FBR's transformation plan. which has received the approval of the Prime Minister and gradually 15 types of transactions of non-filers will come under restrictions. As for commentators, their position has been and is today that all people with income and resources above certain incomes should pay taxes honestly. Exemption for influential persons should be avoided as the burden of non-tax payers falls on those who pay taxes honestly while the effects of tax evasion are reduction of welfare measures, increase in poverty and incidence of indebtedness. I appear. It should be expected that as a result of the new tax reforms, the country's economy will accelerate on the path of stability. It will go ahead and help to get rid of the heavy burden of debts.

Pakistani Assailants in Saudi Arabia

of the Saudi authorities, some beggars who went to the land of Hijaz under the guise of Hajj and Umrah were rounded up. If this operation had been completed effectively, the nation would not have faced shame again today. According to the media report, the Saudi government once Then the Ministry of Religious Affairs of Pakistan has issued a warning to prevent beggars from going there. According to the letter, if Pakistan does not stop beggars from going to Saudi Arabia, it may affect Umrah pilgrims and pilgrims. Last year It was revealed that a large number of Pakistani beggars in the form of pilgrims and pilgrims go to Saudi Arabia and Iraq to beg there. Later, the beggars under FIA revealed that the collected money is transferred to the respective travel agents when they return to Pakistan. And it is divided between them, the visa and ticket money to go to these countries is paid by the travel agent.

The travel agents look for beggars in their city who have been begging for at least ten to twelve years. In Pakistan, there is no shortage of disabled people or people who disguise themselves, or leave them in public places to beg, but the majority of the police are aware of them. In the light of this situation, it is necessary That the federal and provincial governments should carry out a complete operation under strict supervision to rid the society of this scourge which has increasingly reached abroad. Yes, it would be better to revise the procedures for issuing data, national registration and passports.

Pay for Electricity

more expensive in Pakistan compared to other countries in the region is the contracts made with IPPs i.e. electricity generating companies, under which the government is obliged to pay in dollars according to their total production capacity, even if the electricity is Due to low demand, these companies generate less electricity than their capacity or not at all. This expensive electricity is the main reason for the decline of the national economy because as a result, the cost of our industrial and agricultural production has become very high compared to other countries, which has made it difficult not only to compete in the global markets. But also due to low prices within the country, the demand for imported goods increased and the local industry was severely damaged.

The continuous increase in electricity rates has given rise to a movement to end the contracts with private power companies which are in the national interest and it is good to see that positive progress has been made in this direction. According to a senior official of the task force, the government has decided to change the mode of payment according to production capacity with IPPs to pay only for the power consumed. This method of "pay for electricity" will be applied not only to private power companies but also to state-owned power plants, which account for 52 percent of the total. The government will bring the capacity payment of its plants to a minimum level and will not take return on equity based on the current take or payment mode on its plants while there will be a single policy for private IPPs and government power plants. These decisions will definitely reduce the electricity rates significantly, and if this happens, the economic recovery will also be faster and the common consumer will also be able to breathe a sigh of relief.