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  • Taxation Quiz

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    Fiza Shaikh
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    Information technology can help generate taxes properly in Pakistan and broaden the tax base by making the tax system more efficient and transparent. Pakistan has a low tax to GDP ratio due to factors like widespread tax evasion and an informal economy. Aslam, a Pakistani citizen, earned Rs. 750,000 in Pakistan from July 2017 to February 2018 and Rs. 1,750,000 in the UK from February to July 2018, so he must pay taxes in Pakistan on his worldwide income for the tax year 2018. The two most important sources of tax revenue for the federal government are income tax and sales tax, while the two most important sources for state and local governments are property tax and sales tax.

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    Information technology can help generate taxes properly in Pakistan and broaden the tax base by making the tax system more efficient and transparent. Pakistan has a low tax to GDP ratio due to factors like widespread tax evasion and an informal economy. Aslam, a Pakistani citizen, earned Rs. 750,000 in Pakistan from July 2017 to February 2018 and Rs. 1,750,000 in the UK from February to July 2018, so he must pay taxes in Pakistan on his worldwide income for the tax year 2018. The two most important sources of tax revenue for the federal government are income tax and sales tax, while the two most important sources for state and local governments are property tax and sales tax.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    19 views1 page

    Taxation Quiz

    Uploaded by

    Fiza Shaikh
    Information technology can help generate taxes properly in Pakistan and broaden the tax base by making the tax system more efficient and transparent. Pakistan has a low tax to GDP ratio due to factors like widespread tax evasion and an informal economy. Aslam, a Pakistani citizen, earned Rs. 750,000 in Pakistan from July 2017 to February 2018 and Rs. 1,750,000 in the UK from February to July 2018, so he must pay taxes in Pakistan on his worldwide income for the tax year 2018. The two most important sources of tax revenue for the federal government are income tax and sales tax, while the two most important sources for state and local governments are property tax and sales tax.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    Quiz No 2

    1. Discuss the role of Information Technology to generate taxes properly in Pakistan?


    What are the key points to broaden the tax base in our country?
    2. Discuss the Reasons of low tax to GDP ratio in Pakistan?
    3. Aslam, a citizen of Pakistan, resided in Pakistan from 1 July 2017 to 14 February 2018
    and earned total salary income of Rs. 750,000 during this period in Pakistan. Thereafter,
    he resided in the United Kingdom (UK) from 15 February 2018 until 14 July 2018, and
    earned total salary income of Rs. 1,750,000 during this period in the UK. He came back
    to Pakistan on 15 July 2018. What amount of income tax is payable in Pakistan by
    Aslam in respect of the tax year 2018.
    4. What are the two most important sources of tax revenue for the federal government?
    What are the two most important sources of tax revenue for state and local
    governments?

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