FBR outpaces tax collection for first half by 32.5%

[miafridi]

• FBR reports increase in tax collection.
• Provisional revenue collection of Rs2,920 billion for July-December of FY 2021-22 exceeds target by Rs287 billion
• This is a 32.5% increase over the previous year's collection of Rs2,204 billion.

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ISLAMABAD: The first half of the fiscal year 2012-22 (July-Dec) has seen an increase of Rs287 billion in tax collection, reported The News on Saturday.

According to figures issued by the Federal Board of Revenue (FBR) on Friday night, provisional revenue collection of Rs2,920 billion for July-December of the current FY 2021-22 exceeds the target of Rs2,633 billion by Rs287 billion.

This is a 32.5% increase over the previous year's collection of Rs2,204 billion.

The net collection in December 2021 was Rs600 billion, rising 18.0% from Rs509 billion in December 2020.

After book updates, these numbers will improve even more by the end of the day.

Gross revenues, on the other hand, climbed by 32.5% from Rs2,315 billion in July-December 2020 to Rs3,068 billion in July-December 2021.

Similarly, for July-December 2021, refunds reached Rs148 billion, increasing from Rs111 billion the previous year, a 33.0% rise..

https://www.geo.tv/latest/390909-fbr-outpaces

 

[Doom1111]

Indirect Tax and direct Tax are same as last year or worse. The import and custom duty collection increase by 89% that is why Pakistan is bring mini budget to put all taxes on import.

I know you are Youthia but please always post facts.

FBR exceeds first half tax collection target | The Express Tribune

Revenue authority misses monthly target

tribune.com.pk

https://twitter.com/x/status/1477226488604897280
91 billion rupee collected from Custom duty that is why Import of Dec 2021 is 7.6 billion dollar.

https://twitter.com/x/status/1479042310826516482
https://twitter.com/x/status/1478704645744873472

 

[AZ1]

Indirect Tax and direct Tax are same as last year or worse. The import and custom duty collection increase by 89% that is why Pakistan is bring mini budget to put all taxes on import.

I know you are Youthia but please always post facts.

FBR exceeds first half tax collection target | The Express Tribune

Revenue authority misses monthly target

tribune.com.pk

https://twitter.com/x/status/1477226488604897280
91 billion rupee collected from Custom duty that is why Import of Dec 2021 is 7.6 billion dollar.

https://twitter.com/x/status/1479042310826516482
https://twitter.com/x/status/1478704645744873472

And we are having exports of ,$30 billion amd remittance inflow good why you dont mention this when it comes to facts??

$31bn exports, $32bn remittances and Rs6trn revenue likely in full 2021-22: Govt expects 5pc growth in 2HFY22

* 'Year 2021 - Resilient now ever!', the Finance Division said while issuing performance report of year 2021

www.brecorder.com

 

[zaheer2003]

https://twitter.com/x/status/1477360686766477319

 

[zaheer2003]

 

[zaheer2003]

 

[zaheer2003]

 

[Munawarkhan]

With the speed of reforms & increase of tax base, very soon this will reach 8,000 Billion Rupees.

big chanta on Nadeem Malik face, he kept spreading disinfo for the last 2 years.

 

[miafridi]

Indirect Tax and direct Tax are same as last year or worse. The import and custom duty collection increase by 89% that is why Pakistan is bring mini budget to put all taxes on import.

I know you are Youthia but please always post facts.

FBR exceeds first half tax collection target | The Express Tribune

Revenue authority misses monthly target

tribune.com.pk

https://twitter.com/x/status/1477226488604897280
91 billion rupee collected from Custom duty that is why Import of Dec 2021 is 7.6 billion dollar.

https://twitter.com/x/status/1479042310826516482
https://twitter.com/x/status/1478704645744873472

Lolzzz, a paid zameer farosh disguised as "begaani shadi main Abdullah Deewana" is asking others to present facts. Other than that your arguments on economy always tell us that you don't even know the ABC of economy.

There is little income tax share in the excessive 282 billion tax collection but it doesn't mean that income tax collection is at the same level as that of last year, because we are talking about a targeted amount 5.89 Trillion this year, not about the 4.7 Trillion last of year.

 

[Faraqlit]

Only Chanta on Nadeem Mali or Patwari slaves on Siasat.Pk

With the speed of reforms & increase of tax base, very soon this will reach 8,000 Billion Rupees.

big chanta on Nadeem Malik face, he kept spreading disinfo for the last 2 years.

 

[zaheer2003]

With the speed of reforms & increase of tax base, very soon this will reach 8,000 Billion Rupees.

big chanta on Nadeem Malik face, he kept spreading disinfo for the last 2 years.

He ll not be ashamed even.

Sold media keep swinging facts to fool ppl

 

[Faraqlit]

Patwari kutees, say Imports are bad, we know that before there birth, Now to reduce imports bill, taxes on imports are bad too .....

? ? ?

OH, exports of black money, to UK is Good ... kanjaro

 

[Shahid Abassi]

Indirect Tax and direct Tax are same as last year or worse. The import and custom duty collection increase by 89% that is why Pakistan is bring mini budget to put all taxes on import.

I know you are Youthia but please always post facts.

FBR exceeds first half tax collection target | The Express Tribune

Revenue authority misses monthly target

tribune.com.pk

https://twitter.com/x/status/1477226488604897280
91 billion rupee collected from Custom duty that is why Import of Dec 2021 is 7.6 billion dollar.

https://twitter.com/x/status/1479042310826516482
https://twitter.com/x/status/1478704645744873472

According to your own attachment, the incometax increased by 194 billion when compared to the last year. The biggest increase is in indirect taxes.