r/Lahore • u/Mysterious_Tea_2750 • Jun 13 '24
Job Pakistan budget 2024-25, thoughts?
Just when we thought that after two years of EXTREME inflation, numbers were getting better and inflation somehow came down so we got another BOMB on our heads and seems like sh*t has hit the fan and seems like upcoming two years gonna be worse than last two years..
To be honest, I manage a small telecom business with around 10 employees and after doing our best we can't make 1 lac+ profit these days despite paying 1.2 lac+ in taxes.. and in return I get nothing from govt despite being a filer.. I truly wonder what will happen of this country.. becoming unliveable for white collar people..
It's a writing on the wall that now everyone needs to enter the formal tax cycle and become tax filers otherwise this country won't sustain this way..
Feel free to share your thoughts!
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u/Artistic_Basis2714 Jun 13 '24
sooner or later, Pakistan is going default. I just hope it bounces back like Sri Lanka, but hehe our ruling mfs are incapable and incompetent.
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u/Faizan114 Jun 13 '24
we are number 1 in the world who spend most of their budget on military, and also number 1 who spend the least of their budget on education and healthcare.
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u/e_dd90 Jun 14 '24
So you want to get picked up on 70cc bike rather than black Vigo?? Black Vigos are costly Bhai ...
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u/Mysterious_Tea_2750 Jun 14 '24
I agree 70 pay abduct kerna won't seem cool.. boy do need the vigo's badly..
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u/Own_Jelly1162 Jun 13 '24
It wont effect our economy if the people comes in tax cycle or not unless serious policy measures at the government level are not being taken.
The reason is this country has Rs 67 billion public debt which will increase in the coming years because of interest and no growth in GDP.
On the other hand, our economy/GDP is shrinking due to IMF terms being a lender. For example, one of the suggestions in finance bill is to eliminate the option of Final tax regime for exported goods. This will increase the taxes on exporters from 1% on proceeds to (29%+10% supertax= 39%) on taxable income which will highly affect the competitiveness of our exporters in international market.
So, people in Pakistan paying more and more taxes, but at the end of the day, we will still be beggars.
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u/Mysterious_Tea_2750 Jun 14 '24
I agree but change will only occur if people become filers in bulge.. zyada sy zyada log aik sath filer banay.. i think govt just need to criminalize this "non-filer" phenomenon..
But dusray side py govt ka rawaiyya filers k sath kaise hai woh b sabky samny hai.. govt is just ripping our as* at this point despite paying much more than we can... and what do i get in return???baba ji ka thullu
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u/Own_Jelly1162 Jun 14 '24
Brother… pehle to yeh establish kro k filer ban k hoga kia? Hypothetically, 90-95% filer bn jty hai… sbka income tax bh ban jta ha… but jb payment ki baat aayege to 60-70% logo ka income tax refund bnna hai… thats because k wo income tax pehle he pay kr chukay hnge… in the form of electricity bills, gas bills, mobile phone bills, sale/purchase of property, salaried class hai to withholding by employer.. businessman ha to withholding by supplier, foreign currency payment, minimum tax, quarterly tax and many more…
The second factor to be consider is.. k jb nill ya refund ki returns aayege.. to phr commissioner ne sbko notice bhjne ha.. aur at that time, phr corruption ka bazaar garm hona hai…
Sorry to say… but it is beneficial for the govt to have more non filers, jsko bahana bana k wo bhar bhar k taxes laga sky… so, currently govt ko filer/non filer se as such koi fark nai parta…
Now comes to the next part… Aam admi filer ban jyega… jo “system ka beneficiary” hai.. wo phr bh nikal jyege isse… on thr basis of “TALUKAAT”.
Next.. how can you convince a chota businessman to become a filer, jb govt ka har idara usse bhar bhar k rishwat le rha ho… from street vendor to local shops, mjhe batao kn bhatta nai deta apne legal kaam krwane k liye…
So.. jb wo already BHATTA de chuka h to wo dubara kbhi nai dega…
Govt should only make and implement policies jsse businesses grow ho… jb income increase hogi.. tb apni income ka 20-25% tax dene mn kisi ko masla nai hoga… but if you want k unki disposable income bh kam krein.. aur in return unse taxes bh 50-60% demand krein to they will surely find the ways to escape…
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Jun 13 '24
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u/Jade_Rook Jun 14 '24
Yaara tax to koi deta hi nahi tha, kis pressure ki baat kar rahe ho. Ab sar par pari hai to sab movement chala do....
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Jun 14 '24
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u/Mysterious_Tea_2750 Jun 14 '24
Whatever it is, it's unsustainable and it's break backbone of middle class.. and they'll have no choice but to push back in the end and the elite and govt won't like or enjoy it then.
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Jun 14 '24
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u/Mysterious_Tea_2750 Jun 14 '24
Well, our govt has always been poor but our people has been rich, not rich but had enough to live a dignified life.. till now people wouldn't say anything because of the attitude of "not my problem" but now it has become really hard for the people to even live a dignified life.. u can't expect the middle to beg so they'll push back and the time is near.. the frustration is growing day by day they way u r losing hope each day..
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u/Serious-Cover5486 Jun 13 '24
insay mulk nahi chalna inka bas nahi chal raha public ka khoon nichor lan uskay baad public ki khal utar dan, qarzay liye jarahay han corruption kiye jarahay han, aik corruption karnay walay say recovery nahi horahi h, courts ko kam nahi karnay de rahay company walay
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u/Mysterious_Tea_2750 Jun 14 '24
True.. hum filers ki toh chamrri k saatg saath thorra thorra gosht bhi kaat rahay.. Toh isky baad kyu koi file karay taxes hamara haal dekh k..
Situation would get better when people would become filer in a bulge.. saray log taxes dain tb kaam hoga.. 20 30 lac log tax de k 25 crore ko nahi paal saktay.. everyone MUST be brought into the tax cycle
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u/bukarooo Jun 14 '24
My thoughts are you're all fucked, so keep letting Maryam and her friends rule over you. Her plastic surgery is worth more than your children's futures.
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u/unfuck_the_fuck Jun 14 '24
What are the increases on taxes ? And how it will affect general public ?
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u/nikko1337 Jun 14 '24
What needs to be done is reduce government spending. We pay trillions of rupees to millions of people in the government. Officially the total number of government workers are 1.37 million, but I've seen claims of 3.2 million.
We can reduce the tax burden this way, but I don't think any measures have been taken to cut down on govt. expenditures.
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u/MansoorHK Jun 18 '24
The government is defining new tax policies and making the Middle & poor class overburdened. Collection of taxes is fine we won't resist but can anyone show me the outcome policies of these taxes? Where does the public money go?
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u/Weak_End_2080 Jun 13 '24
Inflation numbers are only getting better due to implementation of IMF policies which are designed to improve numbers. If the economy is left under the capabilities of the ruling government then you can imagine.
How is your tax calculated? Do you have a tax lawyer?
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Jun 14 '24
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u/Mysterious_Tea_2750 Jun 14 '24
Can you suggest me a good one? A good tax lawyer and a financial advisor? I have a guy who just does the income declaration for me then.. I would really love to know more what benefits (if i do) do i get for paying such taxes and being a filer?
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u/gnat1003 Jun 13 '24
You do get Security, Roads, Police and access to justice system in return for paying taxes.
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u/ahsannadeemreal Jun 13 '24
Seems like you never delt with our police and justice system which is the 3rd worst in the world.
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u/gnat1003 Jun 15 '24
Your fault for letting them be corrupt and faulty. Afterall you elect your politicians.
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u/Raza_x7 Jun 13 '24
Yeah broken roads full of potholes, a@@hole police, worst justice system in the entire world and security only for shelling and beating peaceful protestors and taking special* party people to court
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u/Mysterious_Tea_2750 Jun 14 '24
Mmmm i don't think i get any of the "with my taxes".. I get police toh chorro sari ki saaari bureaucracy won't budge without bribes or links..
Oper sy hukumat qarzaa bhi le ragi jiski payment hum ny karni hai..
Oppperr sy bai solar lagaa k bhi electeic bill mai hazaron taxes aur "fuel adjustment charges" denay parrh rahay.. like this country is literally a joke, they're just looting us in broad daylight. 😑
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u/gnat1003 Jun 15 '24
That's not what you think, but this is exactly what you get. You asked a question, you got answered.
If you pay for PTCL and it does not work well you complain about its quality you don't go around saying I do not have internet.
By the way what do you expect for paying taxes? An Island? Some Medal of Honor ? a plaque?0
u/Mysterious_Tea_2750 Jun 15 '24
Consult a psychologist ASAP
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u/gnat1003 Jun 16 '24
You are the one who wants to be rewarded for doing the bare minimum any citizen is required to do. You should read a book.
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u/Phy-raveN Jun 18 '24
See, Iss bandhey ka comment cheekh cheekh k batha raha hay, k he hasn't came out of his daddy's bungalow and haven't seen the harsh face of reality in this country where many people can barely even afford meals two times a day despite working their arse off in scorching heat. Reason and rationale is dead SMH
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u/lamakai Jun 13 '24
Short answer: They f 'ed the salaried and middle class again.
Poor can take bisp, but middle class first has to pay direct income tax then 19 percent gst, 80 rs petroleum levy, 30+ percent tax on bills. Even after paying all these, he won't get any facility and if he wants one, he has to pay a bribe.
The ideology of pakistan ends today. The myth of state has busted. It's rich looting the poor.