Published Date: Apr 16, 2015
Budget FY16: tax proposals by SDPI
Our proposed interventions which have been discussed in our consultations and latter evaluated through the macro model indicate that with minimum fiscal effort (explained below), removal of distortions, and better documentation of economic sectors, federal and provincial revenue authorities can collectively achieve PKR 700 billion additional tax revenues.If the economy is able to achieve a real GDP growth of 5% in 2015-16 these revenues can increase depending upon the sectoral growth elasticities (with respect to revenue collection).
Our focus here is to provide a maximum relief to lowest and middle income quintiles, which in turn increases their disposable income and potential for job creation. Read more