More than 80pc tax target achieved

FAISALABAD: Regional Tax Office has achieved more than 80 percent of the recovery target set for the first quarter of 2014-15.

Regional tax office source said on Wednesday that Federal Board of Revenue had fixed recovery targets for Regional tax office Faisalabad including Rs. 3992 million income tax, Rs. 1750 million Sales Tax and Rs. 51.100 million Federal Excise duty.

Regional tax office recovered Rs. 78.944 million Federal Excise Duty which exceeds the target set.It also got Rs. 3777 million and Rs. 790 million in the heads of Income tax and Sales Tax respectively.