Tax Recoveries by Federal Government Increase by 31% During the Fiscal Year

On the other hand, the Regional Tax Office (RTO) Islamabad has collected a total amount of PKR 25.8 billion in income taxes till October making it an official rise of 22% since last fiscal year. The Chief Commissioner RTO Islamabad while sharing the statistics mentioned that the office has collected a total of PKR 515 million in Sales Tax and PKR 650 million as Federal Excise Duty.

As the fiscal year continues, more growth and rise in collections remains a huge possibility.

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