PESHAWAR: Rs606.7 million revenue collected in 6 months
By Mohammad Ali Khan
PESHAWAR, Jan 19: NWFP Excise and Taxation Department has recovered Rs606.768 million on account of various provincial taxes during the first six months of the current fiscal year.
Figures compiled at the end of second quarter showed an increase of over 12 per cent in overall recovery in comparison to the overall collections made during the corresponding period last year.
Being one of the prime tax collection agencies at provincial level, the department had recovered Rs110.955 million as tax on urban iImmovable property in first six months.
Likewise, Rs91.503 million were recovered as tax on motor vehicle registration, Rs234.464 million as motor vehicle token tax, Rs9.997 million as provincial excise, Rs2.359 million as entertainment duty and Rs3.379 million as revenue generated through motor vehicle dealers and estate dealers' licenses.
Moreover, an amount of Rs3.465 was recovered from the federal government as 5 per cent share in sales tax collection, Rs115.296 million as tobacco development cess, Rs29.066 million as professional tax and Rs6.283 million as hotel tax were the major contributing components of the tax collections.
The Excise and Taxation Department has been given a recovery target of Rs1044 million in the current financial year 2006-07 that was Rs25 million higher than the overall recoveries made during the last fiscal year.
Last year, the department achieved the assigned target by collecting Rs1,019 million taxes against these heads, an official said.
The tax collecting agency, said the official, was in the process of introducing reforms in the tax administration as envisaged under Provincial Reforms Programme (PRP) to widen the tax net.
The incumbent MMA government had announced exemptions in property tax, land tax, water tax under industrial and agriculture policies respectively that according to the official had put extra burden on the tax collecting agencies in achieving the recovery targets.
The official, however, hoped the reform process would strengthen revenue mobilisation through steps being taken for improving tax administration and enable the agency to achieve the target set for the current fiscal year.
