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Tuesday, June 22, 2021

FBR tax collections exceed Rs 628 billion

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ISLAMABAD: Federal Board of Revenue (FBR) collected Rs 628.22 billion of revenues during first seven months (July-January) of the current fiscal year 2008-09, showing an increase of 22.6 per cent over the corresponding period of the last fiscal year. According to the provisional figures, FBR collected Rs 234.595 billion as direct tax during the seven months as against Rs.191.665 billion collected during the last year, showing an increase of 22.6 percent.

The Indirect Taxes registered increase of 22.5 percent during the time under review by increasing from Rs 320.951 billion during July-January (2007-08) to Rs 393.226 billion in July-January (2008-09). Sales tax collection witnessed 25.1 percent increase by increasing from Rs 199.222 billion in 2007-08 to Rs 249.161 billion in 2008-09.

FBR collected Rs 69.515 billion as Federal Excise Duty during July-January (2008-09) as compared to collection of Rs 44.396 billion collected during the corresponding period of last year, showing an increase of 30.7 percent.

The customs collection also witnessed increase of 10.8 percent as the FBR collected Rs 83.551 billion customs duties in first seven months of current financial year against the collection of Rs 75.423 billion during the same period of last financial year.

During the month of January FBR collected revenue of Rs 74.39 billion, including Rs 24.65 billion direct taxes and Rs 49.731 billion indirect taxes. During the month under review, FBR collected Rs 31.982 billion as Sales Tax, Rs 6.955 billion as Federal Excise Duty and Rs 10.791 as Customs Duty, according to FBR figures.-SANA

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