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Growth in federal tax revenues

Federal tax revenues consist primarily of FBR revenues. In addition, they include other taxes like the gas infrastructure development cess, natural gas development surcharge and the petroleum levy. The share…

Growth in tax revenues

Tax revenues have shown buoyancy in the first half of 2017-18. The overall growth rate in these revenues of the federal and provincial governments combined is 16 percent. During the…

Non-tax Revenue

Non-tax revenue

The budget for 2013-14 envisaged 800 million dollars from the auction of 3G licence and another 800 million dollars pending payment from Etisalat for the privatisation of PTCL. Finance Minister…

Federal Tax Revenues – Receipt Side

Federal tax revenues – receipt side

There is a need for a national anti-smuggling drive with political consensus for people to discourage and disassociate from purchase, sale and trade in smuggled goods. The ultimate solution for…

The Whys Of Low Tax Revenue

The whys of low tax revenue

The tax authorities are Rs47 billion short of the revenue target for the financial year 2011-12. The revenue collection reported in the media is Rs1,905 billion, which includes Rs25 billion…

Taxation beyond revenue

The Federal Board of Revenue earlier announced having successfully exceeded its revenue collection target for the month of November -- and hence having collected surplus revenue in the first five…

Taxes And Revenues

Taxes and revenues

Last week I wrote about a proposal floated by some researchers connected with the World Bank and a few other donor agencies to begin relying more on turnover taxes instead…

Taxation of immovable property

The National Assembly through the Finance Act 2012 amended section 37(5) of the Income Tax Ordinance, 2001 [“the Ordinance”] and for the first time levied capital gains tax (CGT) on…