{"id":51867,"date":"2019-05-05T09:32:06","date_gmt":"2019-05-05T04:32:06","guid":{"rendered":"https:\/\/www.zameen.com\/blog\/?p=51867"},"modified":"2019-05-03T18:36:23","modified_gmt":"2019-05-03T13:36:23","slug":"tax-to-gdp-ratio-increased-from-8-7-to-11-2-in-five-years","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/tax-to-gdp-ratio-increased-from-8-7-to-11-2-in-five-years.html","title":{"rendered":"Tax-to-GDP ratio increased from 8.7% to 11.2% in five years"},"content":{"rendered":"<p>Islamabad: Pakistan\u2019s tax-to-GDP ratio has risen from 8.7% to 11.2% in the last five years, a news source reported. This information was revealed in a recent report compiled on the said economic metric; later shared with International Monetary Fund (IMF).<\/p>\n<p>As per sources, deliberations have been taking place between the IMF and the Pakistani government for many months now \u2013 with the talks currently having progressed to their operational stage. The policy-level deliberations are all set to begin next week.<\/p>\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/digitalisation-of-tax-system-can-double-the-tax-to-gdp-ratio.html\" target=\"_blank\" rel=\"noopener noreferrer\">Digitalisation of tax system can double the tax-to-GDP ratio<\/a><\/p>\n<p>As such, the IMF has expressed satisfaction at the country\u2019s rising tax-to-GDP ratio, and has demanded that the trend should continue. The bank has further requested for the ratio to be further raised to 13.2%, while the government has assured the IMF that the ratio would certainly be increased to 12.7%.<\/p>\n<p>Of the 11.2% tax relation recorded, the percentage of direct taxes received also showed an increase of up to 4.5%, while indirect taxes stand at 6.7%.<\/p>\n<p>Divided into categories, the ratio of customs duty rose to 1.8% of the GDP, while the ratio of Sales Tax also saw a rise at 4.3%. The percentage of Federal Excise Duty, however, stood at its former position of 6% of GDP.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: Pakistan\u2019s tax-to-GDP ratio has risen from 8.7% to 11.2% in the last five years, a news source reported. This information was revealed in a recent report compiled on the said economic metric; later shared with International Monetary Fund (IMF). As per sources, deliberations have been taking place between the IMF and the Pakistani government for many months now \u2013 with the talks currently having progressed to their operational stage. The policy-level deliberations are all set to begin next week. Read: Digitalisation of tax system can double the tax-to-GDP ratio As such, the IMF has expressed satisfaction at the country\u2019s rising tax-to-GDP ratio, and has demanded that the trend should continue. The bank has further requested for the ratio to be further raised to 13.2%, while the government has assured the IMF that the ratio would certainly be increased to 12.7%. Of the 11.2% tax relation recorded, the percentage of direct taxes received also showed an increase of up to 4.5%, while indirect taxes stand at 6.7%. Divided into categories, the ratio of customs duty rose to 1.8% of the GDP, while the ratio of Sales Tax also saw a rise at 4.3%. The percentage of Federal Excise Duty, however,&hellip;<\/p>\n","protected":false},"author":18,"featured_media":51181,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[],"tags":[11537],"persona":[],"class_list":["post-51867","post","type-post","status-publish","format-standard","has-post-thumbnail","tag-tax-to-gdp-ratio-increased-from-8-7-to-11-2-in-five-years"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Tax-to-GDP ratio increased from 8.7% to 11.2% in five years - Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: Pakistan\u2019s tax-to-GDP ratio has risen from 8.7% to 11.2% in the last five years, a news source reported. This information was revealed in a\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/tax-to-gdp-ratio-increased-from-8-7-to-11-2-in-five-years.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tax-to-GDP ratio increased from 8.7% to 11.2% in five years - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Islamabad: Pakistan\u2019s tax-to-GDP ratio has risen from 8.7% to 11.2% in the last five years, a news source reported. This information was revealed in a\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/tax-to-gdp-ratio-increased-from-8-7-to-11-2-in-five-years.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; Pakistan Property News &amp; Latest Updates - Zameen News\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/ZameenPK\" \/>\n<meta property=\"article:published_time\" content=\"2019-05-05T04:32:06+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2019\/04\/IMF.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"600\" \/>\n\t<meta property=\"og:image:height\" content=\"350\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Samra Zulfiqar\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:site\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Samra Zulfiqar\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Tax-to-GDP ratio increased from 8.7% to 11.2% in five years - Zameen News","description":"Islamabad: Pakistan\u2019s tax-to-GDP ratio has risen from 8.7% to 11.2% in the last five years, a news source reported. 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