Finance Minister Ishaq Dar. PHOTO: ONLINE
ISLAMABAD:
A little over 10 days after it revealed details of taxes paid by members of parliament, the government promised to deliver another milestone – the publication of a list of the country’s taxpayers.
“The government has decided to publish a directory of the country’s 900,000 taxpayers,” Finance Minister Ishaq Dar told the National Assembly.
He said that the task is likely to be completed in the next two-and-half months.
Addressing the lower house, Dar said that the publication of the parliamentarians’ tax directory was the greatest achievement as Pakistan is the fourth country in the world to have published such a directory.
The directory will be uploaded, as per commitment, on the website of the Federal Board of Revenue (FBR) by February 28 (Friday) night and can be accessed by anyone, he added.
He said that the NTN has been issued to 99 per cent of the parliamentarians which stand at 1,120. The remaining 52, that include eight MNAs, would be issued the NTN soon.
Talking about the Income Support Levy (ISL), he said that the matter was sub judice and was optional tax.
The parliamentarians’ tax directory had revealed that Prime Minister Nawaz Sharif paid Rs2.65 million in income tax but did not pay anything under the ISL, implying the premier owns no ‘moveable’ assets. The government has imposed the ISL at the rate of 0.5 per cent of the value of all moveable assets an individual owns.
Earnings from the ISL will straightaway go to beneficiaries of the Benazir Income Support Fund.
Responding to a question raised by Abdul Rashid Godil from the MQM, he said provinces must try to ensure receipt of agriculture tax as enshrined in the constitution. He said that provincial governments should step up efforts to realise the true potential of agriculture tax.
Punjab is currently collecting Rs700 million and Sindh Rs300 million which needs to be further enhanced.
He said against the tax growth of three per cent during the last five years‚ the country witnessed a growth of 16 per cent in the first six months of current fiscal year. The tax growth rose to 26 per cent in the month of January.
Meanwhile, the house passed the National Judicial (Policy Making) Committee (Amendment) bill 2013 that paved the way for the chief justice of the Islamabad High Court to become a member of the National Judicial (Policy Making) Committee (NJPMC).
According to a statement of objects and reasons, the Law and Justice Commission of Pakistan in its meeting dated June 4, 2011 considered the proposal to amend section III of the NJPMC.
Published in The Express Tribune, February 28th, 2014.
COMMENTS (14)
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"The tax growth rose to 26 per cent in the month of January." This means that common people are paying more text, which is expected to rise. The fact is we are paying for the services, which we never received, including security, social welfare, infrastructure development, education to name a few. If we are paying taxes then government should provide us services for which they were hired. Otherwise, a wise person would avoid taxes like our PM.
@MAD: This country is full of patriotic and wise people, they are wise enough to steal tax and still expect benefits like Europe.
@R: Are you saying that increase from 3% to 16% tax collection is due to increased taxes? That's 500% increase then.
Dar saheb,are you happy and convinced about the quantum of tax paid by the members of the Parliament including Federal Ministers and the real assets they own within Pakistan and overseas. If not,please have an independent external tax audit conducted so that a common citizen gets confidence in the tax system and dysfunctional FBR. If Members of Parliament who enact tax laws do not comply and pay correct taxes,why should a common citizen pay correct taxes?
Why didnt the PM pay the ISL? Does he not have any moveable assets? Does he not want to support the beneficiaries under the BISP??
And lets suppose he doesnt have any moveable assets, does the owner of those moveable assets pay the ISL? And how did those owners accumulate those assets?
Leading by example, again!
@MAD: The same is the dilemma of you and most of the Pakistanis. Self proclaimed patriots which in fact are micro-thieves.
Why is PMLn against the tax audit of parliamentarians? I am sure Nawaz's 2.6 million income tax is far less than what he had to pay in actual.
The major chunk of the tax growth of 16 percent is due to the increase in tax rates and not due to better collection
You cannot tax the rich = You cannot solve Pakistan's economic problems. Its ok, we'll wait for another 5 years. PTI will come and sort all the MNAs out.
The Income Support levy (primarily due to a legal issue) was not binding (and still is not binding) hence only a fool would pay it. I know i could have paid a few thousand. i didnt. There is a thin line between patriotism and stupidity. Im a patriot but not stupid.
No comments about Mr. Ishaq Dar, except, "If gold rusts what shall iron do" (Jeffery Chaucer)
We are paying tax and you are stealing tax !!
Good work by Finance Minister. I hope that economy will revive withig few years.