ISLAMABAD: Under the supervision of newly appointed Chairman Nisar Muhammad Khan, the Federal Board of Revenue (FBR) has shown exceptional performance by collecting Rs 131 billion net taxes during the first 15 days of December, 2015.
The FBR showed 34.3 percent growth over the same period of last year, 2014 when it had collected Rs 98 billion net taxes.
During December 2015, it has collected Rs 133 billion as taxes and issued Rs 2 billion in wake of refund and rebate. The FBR is required 30 percent growth in tax collection during running fiscal year to meet the target.
Keeping in view the performance of FBR, the International monetary fund (IMF) expressed hope regarding the broadening of tax net and decided to release the next instalment before December 2015.
The officials told Customs Today that FBR will achieve its set target for the month in next two days, which shows well performance of newly appointed FBR team. Prime Minister Nawaz Sharif and Finance Minister Ishaq Dar have also appreciated the performance of FBR’s team.
