KARACHI: The Regional Tax Office-I (RTO-I) has collected Rs 12.634 billion in terms of income tax while sales tax collection remained negative as only Rs 4.09 billion were collected in September. Income tax collection of the first 10 days of the recent month remained Rs 2.581 billion.
Additional Commissioner (AC) RTO-I Sajjad Hayder told Customs Today that RTO-I has almost achieved the set target of revenue collection for the first quarter of July to September. He further said that RTO-I collection remained negative in terms of sales tax but it was only because of refund cases.
He added that RTO-I will achieve the set target of the second quarter. The RTO-I has already sent notices to a number of tax defaulters in recent months to increase tax collections till December end.
RCCI urges establishment of German Trade Desk to boost bilateral trade
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