LAHORE: The withholding tax (WHT) zone of the Regional Tax Office-II (RTO-II) has achieved 98 percent of its target during the first seven months (July-January) of the current fiscal year 2014-15.
Sources told Customs Today that the revenue target for the withholding tax zone was assigned by the RTO authorities rather than the FBR Headquarters.
They said that the authorities of the regional office set the target keeping in view the ground realities and strengths of the zone. Withholding tax zone of RTO-II is lucky in a sense that it has always remained successful in achieving its targets, while sometimes, more than the set target is achieved, they added.
Sources also informed that non-filers were being scrutinised to overcome revenue leakage. They said that initially show cause notices were issued to non-filers who had not submitted their withholding statements. Later, stern actions were taken against non-compilers, they said.
They added that withholding tax on vehicles had a vast scope regarding revenue collections and strategies had been prepared to expand the withholding tax net on vehicles.
Sources also said that the authorities had given instructions to all officers concerned to highlight the defaulters, non-filers of WHT statements and all dead cases in the zone to overcome the deficiencies, if any.
