Tuesday, April 06, 2010
KARACHI: Only 2.75 million Pakistanis, or 1.6 percent of the country’s estimated 160 million people, are registered tax-payers and posses the National Tax Numbers (NTN), FBR report said.
Out of these NTN holders, only around two million people file their returns to the tax authorities, the report said. “The compliance ratio has always been below. The share of taxpayers to population is low when compared with the few selected developing and developed countries, where the share ranges between 4.7percent and 86.4 percent.”
The report said that in India, the share of taxpayers to population is 4.7 percent, in Argentina 16.5 percent, France around 58 percent. “The share of taxpayers belonging to non-corporate sector is close to 99 percent in the total return filers. On the other hand, the corporate sector that contributes around 66 percent in the total income-tax collection has a share of only one percent in the income tax base.”
Source The News
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