ISLAMABAD: Federal Board of Revenue (FBR) has collected tax revenues of Rs.654 billion during the first six months (July-December) of current financial year (2010-11) showing an increase of 13.2 percent collection compared to the same period of last fiscal year.
"The FBR has collected Rs.654 billion upto December 31, of the current financial year compared to the total tax collection of Rs.582.176 billion achieved during the same period of last fiscal year (2009-10) register ing percent increase in the revenue collection," Member Direct Taxes (Policy) and Spokesman FBR, Asrar Raouf told APP here on Wednesday.
He said that a total of 29,84,563 National Tax Number (NTN holders (upto 30.6.2010) were supposed to furnish tax returns for TY 2010.
However, he said that upto 31.12.2010, 19,65,752 returns were received.
He said that there is a gap of 10,18,811 taxpayers who have not filed the tax returns for the Tax Year 2010. Further out tax 10,122 top markets/ shopping malls analysis shows that only 3,531 persons i.e. 35 per cent filed their tax returns for the TY 2010.
Asrar Raouf said that the collection from stuck up revenues totalling Rs. 121.1 bn at ITAT, High Court an ADRCs level (RS.83.3bn income tax+Rs.37.8bn S.Tax/FED).
He said that there are 131,181 registered taxpayers for Sale Tax whereas the number of enrolled taxpayers is only 99,909, thus there is a still gap of 31,1272 taxpayers who are still not filing their monthly Sale Tax returns.
The FBR Spokesman further said that there are only 16,485 withholding tax agents filed the withholding tax statements on e-portal for the first quarter ending on September, 2010 as against 180,086 (Companies 44,794, Association of Persons (AOPs) 1,35,292) requires to file returns as per law.
This does not include the business individuals 16,45,437 registered till 30 June 2010 having turnover of Rs.50m and above, he said.
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