FBR collects Rs 50.75 billion taxes in first 12 days of December

ISLAMABAD: The Federal Board of Revenue (FBR) has collected Rs 50.75 billion taxes from December 1 to December 12, 2015, under supervision of new Chairman Nisar Muhammad Khan.

According to details, during the 12 days, the FBR collected Rs 17.24 billion in terms of income tax and Rs 20.53 billion in terms of sales tax while it collected Rs 12.7 billion under head of customs duty.

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Moreover, the FBR has shown significance increase in the federal excise duty and collected Rs 29 billion during the said period.

Meanwhile, the FBR has issued Rs 180.7 million income tax refunds to the taxpayers while Rs 2.9 billion in the term of customs rebate during 12 days of this month however FBR has issued Rs 40 million sales tax refunds during the said time period.