RTO Abbottabad shows unprecedented Tax recovery
ABDUL KHALIQ QURESHI ABBOTTABAD—Regional Tax Office Abbottabad showed unprecedented recovery of Tax Collections during the financial year closed on of June 30 this year and shared top honour by virtue of recovery growth of 35 per cent as overall growth shown by other filed formations remain at 20 per cent, Sunday. FBR is proud of achieving a historic collection mark of 3104(B) during the year; the level of jubilation is high at Regional Tax Office, Abbottabad.
As the financial year 2015-2016 closed the Provisional figures till late mid night confirm the lead maintained by the RTO, Abbottabad as compared to other filed formations of Federal Board of Revenue. This year the Regional Tax Office Abbottabad has given a growth of 35 per cent as compared to the last year against the National average growth of 20 per cent. The same trend continued in the month of June, 2016 and the Provisional Collection for the year has reached Rs.7700 (M) which is more than 35 per cent higher than the collection of previous year.
The positive growth is witnessed in all the taxes collected by the Regional Tax Office. The Sales Tax Collection is 42 per cent higher than the previous year while Income Tax growth is at 32 per cent, the Withholding Tax growth is more than 30per cent, against the National average of almost 20 percent. The Chief Commissioner Mr. Mehmood Lilla while expressing his gratitude to the Top leader ship of Federal Board of Revenue stated that such results are achieved by the grace of God and the collective team efforts of the Officers and Officials of the Regional Tax Office, Abbottabad. He stated that the growth is witnessed in all spheres and is not restricted to Withholding Taxes. The tax demand created by the Tax Offices of Abbottabad was 27per cent higher than the previous year and the collection out of Arrear and Current Demand was 43per cent more than the previous year. The Advance taxes u/s 147 of the Income Tax Ordinance, were ensured from all those liable to pay and the collection jumped from 122(M) of the last year to 234(M), giving an increase of more than 100 per cent.