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Wwf: WWF is providing services to the industrial workers in the areas of housing, education and health, besides which,

financial assistance is also being extended in the form of death grant, marriage grant and post-matric educational scholarships. Under this scheme children of workers who get admission in any ublic/private school, their tuition fee will be paid directly to the school. All other expenses including books, stationary , uniform and transport facilities will also be provided. Sales tax: Goods Goods include every kind of movable property other than actionable claims, money, stocks, shares and securities. Services Sales tax is also leviable on rendering of certain services such as hotels, marriage halls, clubs, caterers, advertisements, custom agents, ship chandlers, stevedores, courier services, beauty parlors, beauty clinics and slimming clinics

Gross: total Net: deductions CUSTOMS DUTY Primary exports - commodities: textiles (garments, bed linen, cotton cloth, yarn), circe, leather goods, sports goods, chemicals, manufactures, carpets and rugs Primary imports - commodities: petroleum, petroleum products, machinery, plastics, transportation equipment, edible oils, paper and paperboard, iron and steel, tea GDP Gross domestic product (GDP) refers to the market value of all final goods and services produced in a country in a given period. GDP per capita is often considered an indicator of a country's standard of living.

Components of GDP by expenditure GDP (Y) is a sum of Consumption (C), Investment (I), Government Spending (G) and Net Exports (X M).

Income approach

GDP = compensation of employees + gross operating surplus + gross mixed income + taxes less subsidies on production and imports 2010 Pakistan Gross Domestic Product is worth 175 billion dollars or 0.28% of the world economy, Figure looks at the average buoyancy measures over the last five decades, using a World Bank GDP series. Buoyancy above unity indicates tax revenue growth in excess of GDP growth. The overall buoyancy of the FBR taxes declined from above unity in the 1960s and 1970s to below unity in the 1980s and 1990s, and increased above unity in the 2000s, although it remains below the levels of the 1960s and 1970s, and at 1.05 it remains rather low: a one percent increase in GDP implies an increase in the tax-to- GDP ratio of only 0.05 percent (that is 5 percent of 1 percent). There are distinct differences in the buoyancy of the four main taxes. Direct taxes outgrew GDP in the last two decades, and sales taxes in the last three decades, but not previously. Custom duties grew far slower than GDP during the trade liberalization of the 1990s, but not otherwise. Excises were by far the most buoyant revenue source in the 1960s, grew slower than GDP since the 1970s, and were the least buoyant revenue source in the 2000s.

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