TAXATION

GROUP-4
 TERMINOLOGY OF TAXATION
The word “TAXATION” is derived from a Latin word “TAXARE” which means estimate or value

DEFINATION:
Taxation is the process of levying and collecting
taxes from individuals, businesses, and other
organizations by a government or other
authorizes agency
 HISTORY OF TAXATION
 Took place in ancient Egypt (2800-3000 BC)
 Evolved from ancient Egypt PHARAOHS.
 Collect by SCRIBES.
 Meet govt expenditure.
 Levied on goods.
 CHARACTERESTICS OF TAXATION
 Imposed by the govt.
Taxes are paid in the form of cash.
The aim is to promote the welfare of people living in
the country.
Tax is a legal collection.
Raise the revenue of the govt.
Tax may be imposed on income or wealth or on a
commodity.
 CLASSIFICATION OF TAXATION

DIRACT TAXATION INDIRECT TAXATION

• Imposed and collect directly • not directly imposed and collect
from individuals. from individuals.
• Such as; income tax, property • Such as; sales tax, excise tax,
tax, and corporative tax. custom duties etc.
 TAXATION SYSTEM IN PAKISTAN
 Income tax promulgated in Pakistan from 28
June 1979 by the govt of Pakistan.
 Role of FBR.
Different form of taxes in Pakistan
1. Income tax
2. sales tax
3. FED
4. Custom duty
5. Capital gain tax
6. Property tax
7. Withholding tax
Problems of taxation system in Pakistan
Here are few problems related to taxation:

informal economy

Corruption

Weak tax administration

How to overcome taxation problems of
Pakistan?
Here are some ways to overcome the taxation problems

Simplify tax laws

Strengthen tax administration

Reduce corruption
ANY QUERY