- Sales tax revenue from electricity increased by 63.4% in FY24, reaching Rs. 364.66 billion
- Overall Sales Tax Domestic revenues reached Rs. 1,222.8 billion, a 22.6% increase from the previous year
- Electrical energy was the highest contributor to domestic sales tax revenue at 22.5%
- Sugar, cement, and cigarettes also showed significant growth in sales tax contributions
- Revenue from POL products and natural gas declined in FY24
- Top fifteen contributors to sales tax revenue accounted for 62.4% of total collection in FY24
- The surge in sales tax collection reflects strategic policy adjustments and tax reforms aimed at optimizing revenue from critical sectors.
Source: pkrevenue.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
