Government yet to recover Rs 275 billion in tax arrears

The government still has to recover Rs 275 billion from 30,912 taxpayers till fiscal year 2081/82 BS.

As per the annual progress report of the Inland Revenue Department made public on Monday, the highest amount of dues of Rs 219 billion in income tax arrears should be collected from 193,620 taxpayers.

Similarly, Rs 48.70 billion dues remain to be collected in VAT arrears from 137,253 taxpayers while Rs 4.9 billion dues are yet to be collected from 364 taxpayers under Excise Duty as well as Rs 3.15 billion dues from 1,770 taxpayers under other categories.

The annual target progress set by the Inland Revenue Department in the last fiscal year to raise dues was minimal.

"Only Rs 8.71 billion remaining amount of income tax was collected against the target of collecting Rs 22.76 billion in the last fiscal year. Only 38.29 percent of progress was achieved as compared to the target," reads the annual report.

Similarly, the Department had set a target of raising Rs 16.33 billion dues in VAT arrears, but only 63.28 percent (Rs 10.33 billion) was collected. Towards income tax in arrears adjustment in the last fiscal year, Rs 21.39 billion dues were collected against the target of Rs 27.38 billion.

Likewise, a target had been set to collect 18.17 billion in VAT arrears, 122.63 billion target progress was achieved as compared to previous fiscal year.

The Department had collected Rs 22.29 billion in the last fiscal year.