VATupdate

Share this post on

IMF Urges Pakistan to Increase GST on Essential Items to 18% for Revenue Boost

  • IMF recommends Pakistan to implement 18% GST on food, medicine, petroleum products, and stationery
  • IMF estimates rationalizing GST rates could generate 1.3% of GDP revenue
  • Pakistan to seek loan package from IMF plus $1.5 billion in climate finance
  • IMF calls for removal of distortionary tax policy changes and compliance-related taxes

Source: arynews.tv

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

Sponsors:

VAT news
VAT news

Advertisements:

  • AXWAY - VATupdate Banner