Pakistan Tax Evaders Drain Hundreds Billion Rupees Annually
Pakistan Tax Evaders Drain Hundreds Billion Rupees Annually

Pakistan Tax Evaders Drain Hundreds Billion Rupees Annually

News summary

Tax evasion continues to be a significant challenge globally, with various regions reporting substantial losses and enforcement issues. In Pakistan, the Auditor General’s report for 2024-25 highlights tax evasion cases costing hundreds of billions of rupees, exacerbated by weak monitoring and enforcement failures within the Federal Board of Revenue, especially concerning the super tax on high-income earners. Similarly, in India’s Thiruvananthapuram GST Zone, proactive efforts led to the detection of tax evasion worth ₹580 crore, along with notable improvements in GST registration processing and appeals resolution. Meanwhile, the CGST Itanagar Commissionerate exposed a ₹98.43 crore GST evasion by a lottery distributor involving turnover suppression and manipulated returns, stressing the need for stronger online monitoring and harsher penalties. In South Africa, Standard Bank warns consumers about increased tax season scams exploiting urgency and fear to steal sensitive financial information. These cases collectively underscore the persistent global issues of tax evasion, the necessity for rigorous enforcement, and increased public vigilance to protect revenue streams.

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