Observer Report Islamabad
The Excise and Taxation (E&T) Department Islamabad has amassed Rs.11.2 billion tax during fiscal year 2020-21 against set target of Rs. 5.8 billion, registering around 80 per cent increase in revenue collection as compared to last three years.
Of the total Rs.11.2 billion collection, the excise revenue was Rs.7.98 billion with inclusion of Rs. 3.2 billion Federal Board of Revenue (FBR) tax, said Director Excise, Bilal Azam on Wednesday.
Sharing details of tax collection of last three years, Azam told APP that the department had collected Rs.6.3 billion during fiscal year 2017-18, Rs.6.5 billion in 2018-19 while the collection reached Rs.8.7 billion in 2019-20. “The department had beaten all records of previous years and thanks to efforts of concerned excise department employees to meet the set enhanced targets,” he remarked.
Giving further details, he said reforms in tax collection by department led to increase in revenue, following directions of Chief Commissioner, Islamabad, Amir Ali Ahmed to ease tax payment process for Capital’s residents, he added.