RTO Ab­bot­tabad shows un­prece­dented Tax re­cov­ery

Pakistan Observer - - ECONOMY WATCH -

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.

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