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How Pakistan’s Tax Authority Is Tracking Wealth Through Lifestyles
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How is Pakistan’s tax authority tracking wealth through lifestyles?
How Pakistan’s Tax Authority Is Tracking Wealth Through LifestylesA Weak Tax BasePakistan has one of the lowest tax compliance rates in the region.
Fewer than two per cent of citizens pay income tax, leading to chronic revenue shortages.
Tax officials say these cases suggest that luxury vehicles are often used as a way to store wealth while keeping it outside the tax net.
Others argue it is a necessary step to restore fairness in a system where visible wealth and tax contributions often do not match.