IMF begins talks to review Pakistan limping tax system.

ISLAMABAD -- International Monetary Fund (IMF) Technical Mission has begun talks to review Pakistan crumbling tax system. Tax system review will come under discussion which could not demonstrate considerable performance in the current year despite Rs 734 billion levy under the head of additional taxes. IMF Mission will particularly discuss the matter of exemption to tax payers against income tax and sales tax . Sources said matter of massive tax exemption is also on the radar of Prime Minister (PM) Debt Inquiry Commission. The commission has summoned the details of tax exemption granted to tax payers during the erstwhile tenures of PPP (2008-13) and PML-N tenure (2013-18). According to Federal Board of Revenue (FBR) on the first day of the meeting IMF Mission discussed in details with FBR the corporate and income tax matters.

IMF mission will stay in Pakistan for two weeks and it will meet federal and provincial authorities during its stay. Technical assistants teams...

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