The telecom sector has become biggest utility services consumed by consumers of various income level in different parts of the country as they paid Rs. 39.82 billion on the account of taxes on telephony services in the first half of current financial year 2011-12.
According to the FBR statistics, it collected Rs. 24.058 billion GST/FED from customers of different telephony services (Cell Phone, landline, wireless) in July-December 2011.
at the top of all, the rate of FED collected on telephony services in the mode of GST, is the highest among all the sectors, standing 19.5 percent compared with 16 percent of different sectors and utility services.
Besides. FBR collected Rs. 15.77 billion under Withholding Tax (WHT) in first half of the current financial year 2011-12as against Rs. 13.264 billion taxes collected under same head in the corresponding period of previous financial year.