LAHORE: Pakistan Customs has collected Rs 244 in wake of customs duty during July to February of current fiscal year 2015-16, showing 31 percent positive growth over Rs 183 billion collected during same period of last year.
The federal excise duty collection also increased by four percent by going up from Rs 97 billion last year to Rs 101 billion during the current year.
The overall tax collection has increased when compared to the last year; the officials said and expressed the hope that the tax collection target fixed for the current fiscal year would be materialized.
The government, they said has also made the tax filing system easy for the tax-filers, adding that now onward the national identity card has been made the national tax number (NTN) for the individual tax filers. However, for companies, the FBR would be providing the NTN number to facilitate timely filing and collection of taxes.
They further said that the decrease in petroleum prices, said that it would not have any impact on the overall tax collection as the government has fixed tax according to per liter of oil and not on the cost of the oil.
