Quote:
Originally Posted by Shak killS
before we discuss any further, please provide source to back up you grossly self analysed figures.
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Why don't you do some of your own research and give me reliable information on percentage of federal tax collected from different provinces of Pakistan than we can see how it goes. Else, accept what I wrote is true. The reason is that, from my past experience, if I give you any reference, you might say that it is unreliable (actually, I have already provided references quite a few time in my past posts that says that contribution of Karachi-Sindh in Pakistan federal tax collection is over 70 percent, that comes to around Rs 1000 billion if tax collected is 1350 billion) ... or would forget the argument. .. So, I think you better do the research, provide information with reference that is reliable to you and acceptable to me, and negate my figures
This year tax collection target is increased from Rs 1250 billion to Rs 1350 billion. Karachi tax collections are showing strong growth performance:
http://www.dailytimes.com.pk/default...-11-2008_pg5_6
RTO Karachi’s direct tax collection up 35%
KARACHI: The Regional Tax Office (RTO) Karachi of Federal Board of Revenue (FBR) has witnessed 35 percent growth in the direct tax collection during July to October 2008 as compared to corresponding period of the pervious fiscal year.
According to the provincial statistics made available to Daily Times on Monday, the RTO Karachi has collected revenue of Rs 30.926 billion on the account of direct taxes in the first four months of the current financial year 2008-09, while it amassed Rs 22.992 billion in the same months of last fiscal year 2007-08. On year-on-year terms, the RTO Karachi has recorded significant increase of 51 percent as it received Rs 8.0321 billion in October 2008 as against Rs 5.321 in October 2007.
Tax officials in the RTO told that the pace of revenue growth has increased in the previous month as the massive department has collected tax with returns coupled with the revenue received through Areas Settlement and Investment Schemes of the FBR. Officials claim that the effective monitoring of withholding tax has been strict in the jurisdiction by RTO, as the board-in-council has revised upward its target at Rs 1,358 billion for 2008-09. They added that the board will also review the target of its regional taxes department including RTO Karachi which it can easily achieve if the current pace of revenue collection continues in the remaining month of the fiscal year. staff report