ISLAMABAD: Federal Board of Revenue (FBR) collected Rs1,209 billion revenues up to December 21 from the start of current fiscal year against the collections of Rs1,030 billion taxes were collected in the same period of last fiscal, showing an increase of 30 percent.
Member Strategic Planning Reforms and Statistics (SPR&S) and Spokesman for FBR Dr Muhammad Iqbal Tuesday told APP that FBR had performed well in tax collection with over 30 percent increase in taxes so far as compared to the previous year.
The FBR spokesman said no Saturatory Regulatory Orders (SROs) was issued in current fiscal year and no such measure was proposed to the high level committee for further approval in Economic Coordination Committee of the Cabinet (ECC).
He said that the SROs issue was under discussion with all stakeholders including all chamber of commerce and the Ministry of Commerce and Textiles Industry. Despite the huge challenges, FBR’s tax collection was on track, he added.
Dr Iqbal said that FBR was committed to broaden the tax net for strengthening the national economy and to enhance tax to GDP ratio in the country in line with the policy of the government.
