Nadeem Malik

Thursday, May 17, 2007

Abdullah Yousaf in NewsGuru on Tax Targets

Growth in dutiable imports -4 pct during first 3Q of FY07

 

Import of used cars decline

 

Total refund/rebates paid during July-March FY06 at 66.1 bln

 

Wapda/KESC major beneficiary of refund payments

 

Direct taxes show 56 pct growth during first 3Q of FY07

 

Banking, telecom and oil & gas sectors major direct tax contributors

 

Corporate sector share in gross income tax collect 73 pct

 

Voluntary compliance shows improvement

 

Share of WHT 45.9 pct in direct taxes

 

CVT on property transactions yields 1.6 bln rupee

 

WHT on cash withdrawals shows 84.8 pct growth

 

Doubling tax on stock transactions yields only 12 pct additional tax

 

16,782  Motorcars/jeeps imported during July-March FY07

 

Imports  of textile, construction machinery drops by 22-47 pct

 

 

 




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