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FBR versus Traders

FBR

FBR versus Traders

Revival of CNIC condition and its effects on tax compliance

Tax revenue plays a significant role in economic growth and development of a nation, which is evident from the fact that countries with higher tax-to-GDP ratios are more developed as compared to countries where these ratios are low. Pakistan is included among developing countries because it collects tax revenue considerably less than expected. Even Pakistan’s tax-to-GDP ratio is lower as compared to that of most of the similar economies. 

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