Why is tax payment so important?
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Why is tax payment so important? The money that is gathered will be placed in the national treasury if the revenue collecting personnel is to distribute them. This explains why industrialized nations have highly stringent tax rules. Everybody pays taxes, from the President to the average person, and tax evasion is a serious offense. It is the reverse case in Pakistan. Tax avoidance is now a national problem. Reluctant to pay taxes are industrialists, landowners, vaders, and mill owners seated in the houses of power, aside from common merchants. 6.15 million taxpayers have filed tax returns as of December 31, according to FBR Member Policy IR Dr. Hamid Atiq Sarwar, who briefed the media at the FBR headquarters. Beyond 100,000 exist. The tax return deadline has been extended by one month since another 6 lakh persons still need to file reports. That is, just 2.75 million individuals are now on the active tax payer list in a nation with 22 crores of people. Several of them work for the g