FBR achieves 90pc of tax collection target: Shabbar

0
1503

ISLAMABAD: Federal Board of Revenue (FBR) Chairman Shabbar Zaidi here on Monday claimed that the board has achieved 90 per cent of the highly aggressive tax collection target for the first quarter of the current fiscal year.
Taking to micro-blogging website Twitter, Zaidi said,” Alhumdullilah, tax collection up to 90 percent of highly aggressive target for quarter ended September 30, 2019 has been achieved.”
He said that FBR collected Rs960 billion tax during the first quarter of the ongoing fiscal year. Some more positive adjustment were also expected, the chairman said and added that this amount excluded refunds of past years of Rs15 billion.
Alhumdullilah, tax collection up to 90 percent of highly aggressive target for quarter ended September 30, 2019 has been achieved. Collection is Rs 960 billion. Some more positive adjustment is expected. Furthermore this amount excludes refunds of past years of 15 billion.
In another tweet, Zaidi claimed that domestic tax collection increased by 25 percent. The import contraction was around $3 billion, he said and added that effect of that was around 125 billion.
On the occasion, FBR chairman thanked the Pakistani taxpayers and said that the figures showed that the target had been achieved.
Earlier on February 1, Pakistan’s tax authorities in first seven months of the current fiscal year had collected Rs2.07 trillion in taxes with 3.5% net increase compare to the previous year.
According to the Federal Board of Revenue (FBR) sources, the FBR had collected Rs2.07 trillion in taxes from July to January. – NNI