Tax collection up by 36pc: Shaikh

[Devil Soul]

Tax collection up by 36pc: Shaikh

Updated 2 hours ago


ISLAMABAD: Federal Minister for Finance and Economic Affairs Dr Abdul Hafeez Shaikh has said that government aims to achieve the tax collection target of Rs1952 billion this fiscal year, Geo News reported.

Talking to Geo News, he said that the tax collection in the ongoing financial year (till November 21) stood at Rs587 billion registering an increase of 36 percent year-on-year as compared to Rs432 billion a year earlier.

He said collection under the head of direct taxes in the period under review also jumped by 31 percent year-on-year to reach Rs188 billion.

On the other hand, sales tax collection vaulted by 48 percent to Rs286 billion, Federal Excise Duty by 22 percent to Rs46 billion, and customs increased by 16 percent to reach Rs66 billion year-on-year, he said.
Tax collection up by 36pc: Shaikh

 

[Jango]

It is not the tax-base that has increased drastically by 36 pc, it is rather the amount of tax, and amount of tax could be increased by increasing the rates, i.e raising electricity prices and all that.

What the public want is increase in tax-base, not increase in taxes themselves.

Who is he trying to fool?

Oh right, the biggest fools of all sitting in the National Assembly.