Pakistani government loses millions in tax revenue due to non-compliance
Only 50,000 out of 100,000 registered companies in Pakistan are filing taxes. SECP and FBR are urged to collaborate to improve tax compliance. Virtual One Stop Shop (VOSS) simplifies registration but data sharing needs a boost. In Pakistan, only half of the 100,000 companies registered with the Securities and Exchange Commission of Pakistan (SECP) are … Read more