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REVIEW MEETING

1STQUARTER 2013-14

RTO-III, KARACHI

09.10.2013

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Head

Target Collection

%age Inc

%age

TargetAchieved

2013 2012 2013

Income Tax 12.14 9.57 11.7 22.26 96.38

Sales Tax 1.08 0.85 2.54 198.82 235.19FED 0.003 0 0 - -

Total 13.223 10.42 14.25 36.76 107.77

REVENUE PERFORMANCE(Rs. in Billion)

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MAJOR COLLECTION HEADS (INCOME TAX)

Head Collection %age

Increase /Decrease2012 2013

Advance Tax 0.050 0.027 (46.00)

Withholding 9.24 10.52 13.85

Current Demand 0.65 0.74 13.85

Arrear Demand 0.01 0.17 1,600.00

With Returns 0.22 0.035 (84.09)

(Rs. in Billion)

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S# NAMECollection 2012-13 Collection 2013-14

1MISCELLANEOUS/ NON-

SPECIFIED COMMODITES52.449 405.787

2ELEC GENERATING SETS &

ROTARY CONVERTERS

8.787 363.080

3SCRAPS OF IORN OR STEEL (SHIP

BREAKING)0.000 330.561

4 GENERAL ORDER SUPPLIERS 81.141 286.988

5ELECTRICAL GOODS & PARTS

(NOS)45.030 228.128

6 M.S BARS & RODS 0.000 135.758

7 IRON & STEEL PRODUCTS 0.000 77.405

8 FOOD PRODUCTS 58.298 68.470

9 PLASTIC PRODUCTS (OTHERS0 51.536 66.712

10 PICKLE IN VINEGAR 32.852 54.316

MAJOR REVENUE SPINNERS (ST & FE)Rs in Million

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Name of Unit

Sales Tax +FED

2012-2013

(Jul-Sep)

2013-14

(Jul-Sep)

Difference

NYLON CHIPS/POLYESTER CHIPS 540.422 0.088 -540.333

LIME 13.434 1.213 -12.221

SERVICES 23.106 12.009 -11.098

GAS APPLIANCES (OTHER0 9.467 2.945 -6.522

SERVICES PROVIDED BY TELECOMMUNICATIONS

5.002 0.046 -4.956

POLYETHYLENE BAGS 11.497 6.996 -4.501

BALL & ROLLER BEARING COMPLETE 4.824 0.530 -4.294

COMPUTER PARTS 20.961 17.349 -3.611

WATER TREATMENT PLANT 9.585 6.602 -2.982

PIPE & TUBE FITTINGS OF IRON OR STEEL 3.911 1.445 -2.466

MAJOR UNITS SHOWING NEGATIVE TRENDS

(SALES TAX+FED)

(Rs. In Millions)

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BUDGETARY MEASURES

Section Revenue Head Collection155 Revision of WHT rates of property income & taxation as normal income 17.6

236D Advance Tax to be collected on functions at 10% of the total amount of bill

113 Revision of rates of turnover tax from 0.5% to 1%

231 Rates of tax on cash withdrawals from 0.2% to 0.3%

113A&B Minimum Tax on Builders and Developers

236G 236H Advance Tax on distributors and Retailers (0.1% & 0.5%) 12.2

149 Revision of rate of tax on salaried individuals 1395

Revision of rate of tax on business individuals and AOP

234 Revision of rate of WHT on registration of new vehicles

234 Rate of WHT tax on lump sum motor vehicle tax

(Rs. In Millions)INCOME TAX

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BUDGETARY MEASURES

Section Revenue Head Collection

153 Enhancing withholding tax rates for non-corporate taxpayers on commercial

imports, supplies, contracts & servicesSupplies 789

Contracts (43.7)

Services 588.5236J Advance Tax to be collected by Market Committees from dealers/arhtis

236E(a) 236E(b) Advance Tax to be collected on foreign film & TV Serials

236A Revision of rate of tax on auction from 5% to 10% 44.104236(I) Advance Tax @ 5% to be collected on fees paid to educational institutions

236 Enhancement in rate of WHT on mobiles phones from 10% to 15%

156 Revision of rate of WHT on prize bonds from 10% to 15%

236A Initial Depreciation to be reduced to 25% from 50%

Tax on Hajj Operators : Rs.3500 per person for Tax years 2013

236F(1) Advance Tax from Electronic Media distributors, cable operators by PEMRA

(Rs. In Millions)INCOME TAX

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BUDGETARY MEASURES

Section Revenue Head Collection

Elimination of Exemption to National Saving Schemes account

holders upto Rs.150,000

233AA WHT on margin financing

2nd Schedule Reduction of 75% rebate to 40% for full time teachers 930.2Clause 92,

2nd Schedule

Limitation on exemption to educational institutions

Reduction in rate of tax for companies from 35% to 34%.

Data collected by FBR & NADRA to be utilized for broadening of

tax base

(Rs. In Millions)INCOME TAX

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Revenue Head Collection

Enhancement in rate of sales tax from 16% to 17% 251.5

Withdrawal of Exemption Against International Tender

Imposition of Further Tax @ 1% on Supplies to Unregistered Persons 50

Addition of Items with Sales Tax on Retail Price Basis

Additional Sales Tax on electricity and gas supplied to unregistered

personsSubstitution of Zero Rating with exemption on local supplies

withdrawal of Exemption for KPK, FATA/PATA

Withdrawal of sales tax exemption on film association

(Rs. in Millions)SALES TAX

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Revenue HeadCollection

Rationalization of Structure and Rates on Cigarettes 0

Duty on Import of Canola oilseeds & LocallyProduced Edible Oil

0

Duty @ 16% on remaining Financial Servcies 0

Duty @ 10% on Cars of 1800CC or above. 0

Capacity Taxation for Beverages Industry. 0

Total -

(Rs. in Millions)FEDERAL EXCISE

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RCOVERABLE

ONE

YEAR

OLD

MORE

THAN

ONE

YEAR

COLLECTION

IN FIRST QTR

%

COLLECTION VS

RECOVERABLE

ARREARS

2340 93.4 6.28 141.8 6%

(Rs. in Million)

COLLECTION OUT OFRECOVERABLE ARREARS

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CasesSelected

Finalized DemandCreated

Collection

1091 118 153.7 0.087

(Rs. in Million)

AUDIT PERFORMANCE

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No. of

Notices

ServedPertaining

to RTO

(Intimatio

n from

FBR)

No ofCases

Complied

ActionTaken for

Non-

compliance

Demand

Created

Amount

Recovered

No. of

NoticesPending

Finalizatio

n

- - - - - -

(Rs. in Million)Broadening of Tax Base (BTB)

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Cases

identified

Revenue

Involved

Settled

through

Orders

Demand

CreatedRecovered

856 225.4 16.6 47.04 15.46

(Rs. in Million)CREST

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