ISLAMABAD -- As many as Rs 4,900,724 million total revenues were collected by the government during the fiscal year 2018-19, including Rs 4,473,422 million tax revenues
and Rs427,302 million non-tax revenues, according to official data.
They said that FBR's new Chairman Shabbar Zaidi himself have stated that only 300 major taxpayers were contributing 80 tax to the total tax revenue
of the country which showed that the current tax system was not helpful in tapping untapped tax potential in Pakistan.
collection is attributed toenhanced tax administration with the launchof RAMIS.
The 'AA' sales tax revenue
bond rating reflects the fundamentally strong local economy, solid revenue growth prospects, satisfactory limitations on additional leverage and the structure's moderate resilience through economic cycles.
Corporation tax revenues
accounted for 31% (PS57.2 billion) of total tax revenue
from businesses, Employer's NIC for 32% (PS60.3 billion), business rates for 15% (PS27.4 billion), fuel duties for 6% (PS12.1 billion) and other business taxes for 16% (PS28.9 billion).
In order to determine the relationship between tax rates and tax revenue
for the individual income tax, the following equation was estimated: Tax/GDP = [[beta].sub.0] + [[beta].sub.1] highest tax rate+ [[beta].sub.2] lowest tax rate+ [[beta].sub.3] lowest bracket + [[beta].sub.4] highest bracket + [[beta].sub.5] unemployment rate + [[beta].sub.6] trend.
In this article, an attempt has been made to investigate the factors which influence the tax revenue
performance in Pakistan.
State tax revenues
grew by 5.8 percent in the first quarter of 2015, according to a State Revenue Report released in September 2015 by the Rockefeller Institute of Government.
Arkansas was among the 14 states that had experienced a recovery in tax revenue
, with an increase of 3.8 percent, according to the report.
Overall state tax revenue
on individual income was at USD 280.4bn for 2012, up 8.1% from 2011, while general sales tax revenue
was at USD 242.7bn for 2012, up 2.9% from 2011.
Consumption tax revenue
gained 5.6 percent to 528.04 billion yen due largely to rising imports of oil and natural gas to fuel thermal power generation as an alternative to nuclear energy following the crisis at the Fukushima Daiichi plant.