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The government is planning to collect Rs 250 billion in additional revenue by bringing more people and businesses into the tax system and using a new Compliance Risk Management (CRM) framework. This new approach will focus especially on retailers, aiming to ensure they pay the right amount of taxes.
This effort is part of a larger plan to deal with a significant revenue shortfall of Rs 604 billion that occurred during the first eight months of the current fiscal year. The government hopes that by expanding the tax net and improving compliance, it can boost revenue and help stabilize the country’s financial situation.
