IMF cites Rs129bn October shortfall, seeks new levies
Under an IMF tax reform push after collectors missed by Rs129 billion in October, Islamabad may face emergency levies on shops, farms and professionals if the Rs15,264 billion yearly goal slips further.
The IMF flagged a Rs129 billion collection miss in October and a Rs96 billion gap over the first four months of the fiscal year.
Islamabad is being pressed to hit a Rs15,264 billion annual intake target and lift the tax-to-GDP ratio.
Standby levies and tighter revenue terms are on the table if targets keep slipping, including stronger federal and provincial sales tax.
Retail, wholesale, agriculture and professionals outside the net are priorities before the next budget.
State Minister Bilal Azhar Kiani said unregistered shopkeepers under the Easy Tax Scheme face legal action and fines.