{"id":66957,"date":"2020-06-22T12:50:23","date_gmt":"2020-06-22T07:50:23","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=66957"},"modified":"2020-06-22T12:50:24","modified_gmt":"2020-06-22T07:50:24","slug":"govt-mulls-using-tech-raise-tax-gdp-ratio","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/govt-mulls-using-tech-raise-tax-gdp-ratio.html","title":{"rendered":"Govt mulls using tech to raise tax-to-GDP ratio"},"content":{"rendered":"\n<p>Karachi: The federal government is looking to use technology to raise the country\u2019s tax-to-GDP ratio that has remained at about 11% over the past 20 years \u2014 a news source reported. In this regard, technologies like point of sales (POS) systems at retail stores and others similar equipment will be utilized to fill the gaps.<\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/fbr-automated-data-integration-technology-new-taxpayers.html\" target=\"_blank\" rel=\"noreferrer noopener\">FBR allowed to use automated data-integration technology to identify new taxpayers<\/a><\/p>\n\n\n\n<p>According to the details available, the government will deploy nearly 8,500 POS systems by the end of the year. This will allow the state to bring a number of new vendors into the tax net, and help achieve its economy documentation targets.<\/p>\n\n\n\n<p>Speaking on the matter, Federal Minister for Industries and Production Hammad Azhar said that through the installation of POS systems at 6,616 outlets, the government had already managed to expand its base \u2014 now it is looking to raise the number to 15,000.<\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/tax-information-processing-unit-set-up-at-fbr.html\" target=\"_blank\" rel=\"noreferrer noopener\">Tax Information Processing Unit set up at FBR<\/a><\/p>\n\n\n\n<p>In order to further encourage registrations, the government has proposed a sales tax reduction from the current rate of 14%, to 12% for retailers registered with the POS systems.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Karachi: The federal government is looking to use technology to raise the country\u2019s tax-to-GDP ratio that has remained at about 11% over the past 20 years \u2014 a news source reported. In this regard, technologies like point of sales (POS) systems at retail stores and others similar equipment will be utilized to fill the gaps. Read: FBR allowed to use automated data-integration technology to identify new taxpayers According to the details available, the government will deploy nearly 8,500 POS systems by the end of the year. This will allow the state to bring a number of new vendors into the tax net, and help achieve its economy documentation targets. Speaking on the matter, Federal Minister for Industries and Production Hammad Azhar said that through the installation of POS systems at 6,616 outlets, the government had already managed to expand its base \u2014 now it is looking to raise the number to 15,000. Read: Tax Information Processing Unit set up at FBR In order to further encourage registrations, the government has proposed a sales tax reduction from the current rate of 14%, to 12% for retailers registered with the POS systems.<\/p>\n","protected":false},"author":57,"featured_media":64102,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15015],"tags":[32478,32479],"persona":[],"class_list":{"0":"post-66957","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-legal-taxation","8":"tag-govt-mulls-using-tech-to-raise-tax-to-gdp-ratio","9":"tag-tax-to-gdp-ratio","10":"cat-15015-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Govt mulls using tech to raise tax-to-GDP ratio - Zameen News<\/title>\n<meta name=\"description\" content=\"Karachi: The federal government is looking to use technology to raise the country\u2019s tax-to-GDP ratio that has remained at about 11% over the past 20 years \u2014 a news source reported.\" \/>\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\/govt-mulls-using-tech-raise-tax-gdp-ratio.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Govt mulls using tech to raise tax-to-GDP ratio - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Karachi: The federal government is looking to use technology to raise the country\u2019s tax-to-GDP ratio that has remained at about 11% over the past 20 years \u2014 a news source reported.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/govt-mulls-using-tech-raise-tax-gdp-ratio.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=\"2020-06-22T07:50:23+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-06-22T07:50:24+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/04\/GoP.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1170\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Muhammad Farhad\" \/>\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=\"Muhammad Farhad\" \/>\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":"Govt mulls using tech to raise tax-to-GDP ratio - Zameen News","description":"Karachi: The federal government is looking to use technology to raise the country\u2019s tax-to-GDP ratio that has remained at about 11% over the past 20 years \u2014 a news source reported.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.zameen.com\/news\/govt-mulls-using-tech-raise-tax-gdp-ratio.html","og_locale":"en_US","og_type":"article","og_title":"Govt mulls using tech to raise tax-to-GDP ratio - Zameen News","og_description":"Karachi: The federal government is looking to use technology to raise the country\u2019s tax-to-GDP ratio that has remained at about 11% over the past 20 years \u2014 a news source reported.","og_url":"https:\/\/www.zameen.com\/news\/govt-mulls-using-tech-raise-tax-gdp-ratio.html","og_site_name":"Pakistan Real Estate News &amp; 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