The Large Taxpayers Unit (LTU) Karachi saw revenue collection from domestic sources sharply fall 41 percent year-on-year in April as the government-imposed lockdown amid the coronavirus outbreak worsened the economic woes, it was learnt. The collection of domestic taxes by LTU Karachi declined from Rs35.71 billion in April 2019 to Rs21.03 billion in April 2020. The revenue breakup revealed that sales tax on locally-manufactured goods and supplies fell 32 percent year-on-year in April to Rs12.75 billion. That was compared with Rs18.7 billion in the corresponding period of the last fiscal year. The sources said the sales tax collection from domestic sources was facing difficulties in pre-coronavirus due to slowdown in economy.
