Abb Takk News

Govt considering 36 billion rupees tax collection target for next budget

The government has started considering a suggestion to increase tax collection target up to 36 billion rupees in the next year 2016-2017 budget.

Sources said that tax exemption of 1.15 billion rupees will be removed, while the government is also considering imposing new taxes of worth 200 billion rupees.

Rate of Inflation and economic development will also have positive impact on the tax collection.

It is also pertinent to mention here that 3104 billion rupees tax collections target had been set in the last year budget.