The total revenues stood at 12.7 percent of GDP, out of which the share of tax revenue
stood at 11.6 percent and non-tax revenues 1.1 percent.
ISLAMABAD -- The Islamabad Chamber of Commerce and Industry (ICCI) has called upon the government to focus on drastic tax reforms in the forthcoming budget to improve tax revenue
as the prevailing taxation system have failed to enhance taxes up to the real potential of the country.
The states year-to-date tax revenue
growth indicates a promising finish to the 2018-2019 fiscal year.
The fiscal year 2017-18 saw significant growthin national revenue amounting to Nu 36.87bn.This is a growth of 24% compared to the fiscalyear 2016-2017.According to the provisional revenuereport 2017-18, tax revenue
increased to Nu27.10bn, an increase by 25% from 2016-17,and is attributed to increased royalties fromhydropower, excise duty refund and highercollection from CIT, PIT, customs duty andsales tax.Meanwhile, non-tax revenue, comprisingmainly dividends, royalties and administrativefee, constituted Nu 9.76bn, an increase of22%, and has been mainly on account ofrevaluation reserve fund and surplus transfersfrom RMA.Tax revenue contributed 73.5% tothe total revenue, while non-tax revenuecontributed 26.5%.
Securities and Exchange Commission, assigned a 'AA' rating to the following Riverside County Transportation Commission, CA (RCTC) bonds: --$64.77 million sales tax revenue
refunding bonds (limited tax bonds) 2018 series A.
The total business tax contribution amounts to 27% of all tax revenue
In the present study, the relationship between individual income tax revenue
and various income tax policies are examined.
This research paper examines the relationship between the trade openness and tax revenue
collection alongwith other non-tax determinants affecting the tax revenue
of Pakistan, by using time series data from 1980 to 2015.
For the first three quarters of the fiscal year, state tax revenue
increased by 5.3 percent.
"Only 14 states tax revenue
had recovered from the Great Recession by the first quarter of 2013, after adjusting for inflation," the report says.
State tax revenue
is up 13.0% from USD 703.4 bn in 2010, which was the lowest collected total since 2005.
in Japan rose 2.2 percent in March from a year earlier to 2,092.69 billion yen as corporate tax revenue
expanded on increased earnings, the Finance Ministry said Tuesday.