NBR: New budget to be dreadful for dishonest business
The NBR is officially coming down on mal-practicing businesses, as stated by the NBR Chariman. The statement directly implied NBR's monitoring will be fortified and it will be reflected in the upcoming Budget. Policy measures will be present as always for incentivizing honest businesses, while serving dishonest ones severely.
While on the topic of difficult businesses, those utilizing bond facility came in discussion, while public agencies were reminded of ensuring tax transparency. Transfer Pricing of multinationals also came under the discussion. 1% of the country's people pay tax regularly. Officials are mostly unaware of the utilization of these funds. The assurance of the government of utilizing the collected tax will be reinforced by promises on current malpractices to be dealt with for the country's welfare.
Find out more in the link.
The NBR is officially coming down on mal-practicing businesses, as stated by the NBR Chariman. The statement directly implied NBR's monitoring will be fortified and it will be reflected in the upcoming Budget. Policy measures will be present as always for incentivizing honest businesses, while serving dishonest ones severely.
While on the topic of difficult businesses, those utilizing bond facility came in discussion, while public agencies were reminded of ensuring tax transparency. Transfer Pricing of multinationals also came under the discussion. 1% of the country's people pay tax regularly. Officials are mostly unaware of the utilization of these funds. The assurance of the government of utilizing the collected tax will be reinforced by promises on current malpractices to be dealt with for the country's welfare.
Find out more in the link.
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