Making tax reform outlast the budget
This article discusses the challenge of institutionalizing tax reforms in Pakistan beyond the annual budget cycle. It highlights the implementation of digital systems like IRIS 3.0 and electronic invoicing as steps toward fiscal sustainability.
Why it matters
Institutionalizing tax reform is vital for developing nations to ensure long-term economic stability and reduce reliance on temporary measures.
--> Home Business Making tax reform outlast the budget Pakistan's challenge is no longer merely to initiate reforms, but to institutionalise them for preserving gains
facebook --> twitter --> whatsup --> linkded --> email MORE (3) Messenger Whatsapp --> Tax cut. Design: Ibrahim Yahya KARACHI: In Pakistan, tax reform is frequently associated with the annual budget. New targets are announced, rates and procedures are changed, and enforcement measures are introduced for the coming year. The harder task is to ensure that reform continues after the budget cycle has moved on.
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