Post Reply 
 
Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
Federal Board of Revenue (FBR) has surpassed its tax collection goal of PKR 533 billi
02-08-2023, 06:43 PM
Post: #1
Federal Board of Revenue (FBR) has surpassed its tax collection goal of PKR 533 billi
Federal Board of Revenue (FBR) has surpassed its tax collection goal of PKR 533 billion by PKR 4 billion in January 2023

Islamabad: The Federal Board of Revenue (FBR) has surpassed its tax collection goal of PKR 533 billion by PKR 4 billion in January 2023, news sources reported on February 8.

With preliminary FBR tax January figures showing a collection of PKR 537 billion, the FBR has shown an increase of 23% from the same month last year. According to a statement from the FBR, direct tax collection rose by 48% in the first seven months of the current fiscal year. Comparatively, FBR has collected PKR 3,965 billion overall in the first seven months (July-January) of the current financial year, up from PKR 3,367 billion in the same period last year, representing an 18% YoY growth. Additionally, domestic taxes saw a 40% increase in growth over the same time period, increasing their contribution from 50% to 59%.

The authority claimed that in order to increase tax collection, the FBR addressed the liquidity issues of exporters by issuing refunds totaling PKR 208 billion during the first seven months of the current financial year, a 14% increase over the same period last year.

It is important to note that the FBR is still short of PKR 214 billion, or 5.12%, of the tax target for the first seven months. The FBR is expected to issue new tax measures on February 9 following the 9th International Monetary Fund (IMF) review. FBR is expected to collect PKR 7.4 trillion during the current fiscal year 2022-23.

Super casual Dating
Visit this user's website Find all posts by this user
Quote this message in a reply
Post Reply 


Possibly Related Threads...
Thread: Author Replies: Views: Last Post
  NADRA and FBR Forge Alliance to Expand Tax Base and Boost Revenue LRE-Azan 0 571 01-20-2024 02:14 PM
Last Post: LRE-Azan
  Federal Board of Revenue (FBR) to Introduce Retailer Tax in Five Major Cities LRE-Azan 0 590 01-06-2024 05:25 PM
Last Post: LRE-Azan
  FBR Records a 340.5% Surge in Tax Collection from Immovable Properties in FY23 LRE-Azan 0 480 11-30-2023 06:46 PM
Last Post: LRE-Azan
  Islamabad: FBR Initiates Nationwide Campaign to Enhance Tax Collection and Combat Eva LRE-Azan 0 567 09-14-2023 04:27 PM
Last Post: LRE-Azan
  Board of Investment Seeks Responses for Massive Oil Refinery in Balochistan LRE-Azan 0 858 04-15-2023 05:56 PM
Last Post: LRE-Azan
  The Pindi Division mandates complete Digitization Of The Land Revenue Record LRE-Azan 0 971 03-27-2023 03:00 PM
Last Post: LRE-Azan
  Chief Minister federal minister for timely completion of NHA projects in Sindh LRE-Azan 0 988 01-26-2023 03:02 PM
Last Post: LRE-Azan
  Property transactions generate PKR 81 billion in revenue Federal Board of Revenue LRE-Azan 0 1,053 01-24-2023 03:22 PM
Last Post: LRE-Azan
  NHA Executive Board approved the construction of CPEC Western Route LRE-Azan 0 1,395 01-18-2023 01:58 PM
Last Post: LRE-Azan
  The Chairman Federal Board of Intermediate & Secondary Education and the Executive Di LRE-Azan 0 1,063 11-19-2022 05:13 PM
Last Post: LRE-Azan
  LRR marking board inside Bahria town, near grand mosque LRE-Azan 0 1,616 12-27-2021 08:59 PM
Last Post: LRE-Azan
  Federal Board of Revenue (FBR) on Wednesday December 01, 2021 issued valuation and re LRE-Azan 0 1,623 12-02-2021 07:44 PM
Last Post: LRE-Azan
  Sindh To Approach Federal Government To Resolve The Issue Of Land Grabbed Salman 0 4,744 03-04-2014 02:02 PM
Last Post: Salman
  CDA board defers approval of plots restoration policy Salman 0 4,875 02-13-2014 12:23 PM
Last Post: Salman
  Federal Govt Decided to Establish Real Estate Regulatory Authority Salman 0 6,775 12-17-2013 01:43 PM
Last Post: Salman
  Land Revenue Department reforms continue Salman 0 7,053 10-23-2013 04:50 PM
Last Post: Salman
  Maximising revenue: CDA board weighs proposals to diversify sources of income Salman 0 4,832 05-10-2013 11:21 AM
Last Post: Salman
  CDA evolves comprehensive strategy to enhance revenue Salman 0 4,008 05-04-2013 05:58 PM
Last Post: Salman
  CDA board forms half a dozen committees for implementation Salman 0 4,552 05-01-2013 03:58 PM
Last Post: Salman
  Karachi : Federal Govt Employees Housing Foundation (FGEHF) Apartments Balloting/Draw Salman 0 8,319 04-27-2013 02:00 PM
Last Post: Salman

Forum Jump:


User(s) browsing this thread: 1 Guest(s)