PM Shehbaz Introduces National Targeting System to Combat Sales Tax Evasion in Pakistan

• National Targeting System introduced to prevent sales tax evasion in Pakistan
• Vehicles transporting goods will be tracked using e-tags and digital devices
• E-Bilty system to be integrated into the Federal Board of Revenue system
• Digital monitoring at major highways and city entry points
• Aims to eliminate smuggling and sales tax evasion, reduce inconvenience, and save time
• Expected to facilitate economy digitisation and increase revenue
• Customs Targeting System to automate monitoring of imports and exports at ports and airports
• System uses artificial intelligence and integrates with databases to combat smuggling and tax fraud
• PM Shehbaz stresses need for action to address long-standing tax system issues
• Honest taxpayers to receive facilitation, while tax evaders face strict legal action

Source: brecorder.com

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.

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