ISLAMABAD: Federal Board of Revenue (FBR) has collected Rs. 1437 billion net tax revenue in the first half of current financial year 2016-17 (till 30 December 2016) while last year during the same period FBR had collected Rs. 1316 billion net tax revenue. There is 9% growth in tax revenue collection as compare to last year.
According to the tax revenue collection figures of FBR till 30th December 30, 2016, FBR has collected Rs.586 billion under the head of income tax while during last year FBR had collected Rs.512 billion.
In the head of sales tax FBR has collect Rs.599 billion while last year during the same period Fbr had collected 591 billion. There is tremendous growth in customs duty revenue. FBR Customs has collect the Rs.213 billion in the head of customs duty while last year during the same period FBR had collected Rs. 176 billion in same head. FBR has collect Rs. 84 billion in the head of federal excise duty while last year during the same period Fbr had collected Rs.74 billion.
According to these figures during the six month FBR gross revenue collection is Rs.1482 billion while last year during the same period Gross revenue collection was Rs.1353 billion. FBR has paid the Rs.45 billion in the head of refunds in six months while last year during the same period FBR had paid Rs.37 billion in the head of refunds. Now it seem and progress in tax revenue growth shows that FBR could get the current year revenue targets.
