The government has set a target to collect Rs. 250 billion in retail tax to help reduce the Rs. 604 billion revenue shortfall. To ensure fair tax collection, a special committee led by the law minister is reviewing taxation policies and addressing concerns about tax compliance in the retail sector.
Officials are looking into possible issues in tax collection, such as loopholes in the system, improper implementation, and resistance from traders. The committee will carefully examine these challenges and prepare a detailed report within three weeks to improve tax enforcement.
Authorities emphasize that a fair tax system is necessary for the country’s economic stability. They encourage businesses to follow the new tax rules, as better compliance will help increase government revenue and support economic growth.
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