LAHORE: Customs duty collection has registered a growth of 31.8 percent and 32.5 percent in both gross and net terms respectively, sources said.
The gross and net collection of indirect taxes have witnessed a growth of 20.4 percent and 21.7 percent respectively which accounted 62.1 percent of total FBR tax revenues during the first ten months of current fiscal year.
With indirect taxes, a net collection of sales tax is increased by 20.2 percent. The gross and net collection of sales tax stood at Rs1,046.5 billion and Rs1,013.6 billion respectively during the period under review.
It was said that in fact, around 46.2 percent of total sales tax is contributed by domestic sector and a major contribution to net domestic sales tax collection came from petroleum (POL) products, fertilizers, natural gas, cement, other services, electrical energy, beverages, cigarettes, tea, sugar, iron and steel etc.
On the other hand, contribution to collection of sales tax on imports was made significantly by POL products, plastic, edible oil, vehicles, machinery, chemicals, oil seeds etc.
