PM lauds taxpayers as receipts surpass Rs2, 205b in first half of FY21.

ISLAMABAD -- Tax collection surpassed Rs2, 205 billion during the first half of the current fiscal year, Prime Minister Imran Khan was informed on Sunday. During a meeting today, the prime minister was briefed on 'positive outcomes' of tax reforms and informed that the number of taxpayers saw an increase due to these reforms. The meeting was told that the tax collection system is being automated and taxpayers being given incentives. It was stated that the new digital taxation system will enhance transparency and help check corruption and tax evasion. Tax form has been simplified for small and medium enterprises by reducing its pages from five to one and entries from 200 to just 24. Sales tax receipts also witnessed an increase due to the...