Pakistan: Selected Issues Paper

January 12, 2016

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Pakistan: Selected Issues Paper, (USA: International Monetary Fund, 2016) accessed September 19, 2024

Summary

This Selected Issues paper reviews Pakistan’s tax regime, evaluates the level and composition of tax revenues, and estimates tax buoyancy and efficiency. Despite recent progress under the program, Pakistan’s tax revenue remains very low relative to comparator developing countries and the tax effort expected for the country’s level of development. This reflects narrow tax bases, overgenerous tax concessions and exemptions, weak and fragmented revenue administrations, and structural features of the economy. The findings suggest that unlocking tax revenue potential requires broadening tax bases, strengthening revenue administration and taxpayer compliance, eliminating distortionary tax expenditures, and rationalizing tax policy for greater efficiency and equity through a comprehensive and front-loaded reform agenda.

Subject: Education, Exports, Gender, Income and capital gains taxes, International trade, Revenue administration, Tax incentives, Taxes, Women

Keywords: Africa, Asia and Pacific, CR, Determinants Urban, Exports, Global, Income and capital gains taxes, ISCR, Micro data, Pakistan, Pakistan's export, Pakistan's female labor force participation, Resource restriction, South Asia, Tax revenue, Women, Work responsibility

Publication Details

Pages:

39
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2016/002
Stock No:

1PAKEA2016002
ISBN:

9781513582412
ISSN:

1934-7685

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