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FBR’s POS Integration: Digitalisation of Business Transactions and Associated Challenges

Ghulam Nabi
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Ghulam Nabi: Pakistan Institute of Development Economics

No 2022:64, PIDE Knowledge Brief from Pakistan Institute of Development Economics

Abstract: Tax revenue to GDP share varies across the globe depending on the capacity of the revenue authority of a government, with the world’s developed economies having a substantially higher capacity to collect a higher share of tax revenue (Besley and Person, 2014). Fiscal experts observe low compliance of taxes, where many people and businesses easily escape from the tax net in developing countries. Consequently, people do not voluntarily participate (evade taxes), or if they do, they reduce their taxable liabilities (tax avoidance). As they are operating in an undocumented sector, thanks to the lack of book-keeping or any other sources for internal or external audit by the revenue authorities. This reflects both hard-to-tax sectors; this includes a subset of economic activities where the tax compliance is problematic and needs to be increased and enhancing the revenue collecting authorities’ capacity to develop a more buoyant method of collecting desired revenues.

Keywords: FBR; POS; Integration; Digitalisation; Business Transactions (search for similar items in EconPapers)
Pages: 8 pages
Date: 2022
New Economics Papers: this item is included in nep-acc and nep-iue
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