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Provisional figures show 17pc growth in revenue collection

Provisional figures show 17pc growth in revenue collection

ISLAMABAD: Federal Board of Revenue has collected Rs 937.450 billion from July to December 27 this fiscal year as compared to Rs 794.483 billion in the same period of last fiscal year according to the provisional revenue collection figures compiled by the FBR on Friday 27th December. This reflects a growth of 17 percent.

The collection of domestic taxes stood at Rs 835.985 billion during July-December 27 this fiscal year as compared to Rs 694.993 billion in the same period of last fiscal year, showing an improvement of 20.3 percent.

The direct taxes collection amounted to Rs 314.956 billion during July-December 27 as compared to Rs 264.392 billion in the same period of last year, showing a growth of 19 percent. The provisional sales tax collection was Rs 466.316 billion during July-December 27 this year as compared to Rs 379.910 billion in the same period of last fiscal year, reflecting an increase of 22 percent. Similarly sales tax collection on imports amounted to Rs 238.647 billion against Rs 202.318 billion, showing an increase of 18 percent. Sales tax collection on domestic consumption was Rs 227.669 billion against Rs 177.591 billion, reflecting an improvement of 28 percent.

The customs duty collection was Rs 101.465 billion during July-December 27 this fiscal year Rs 99.850 billion, showing an improvement of 11 percent. The collection of federal excise duty (FED) was Rs 54.713 billion during the period under review against Rs 50.691 billion in the same period of last fiscal year reflecting an improvement of 7 percent.

FBR has paid refunds and rebates to the tune of Rs 48.823 billion during the period under review against Rs 39.419 billion in the same period of last fiscal year, showing a decrease of 4.4 percent.