ISLAMABAD: The provisional revenue collection of the Federal Board of Revenue (FBR) was Rs 1,336 billion during July-January (2014-15) against Rs 1185 billion in the corresponding period of 2013-15, reflecting a growth of 13 percent. According to the provisional data released by the FBR the revenue collection during January amounted to Rs 170 billion against Rs 165 billion amassed last year in the same month. During the month of December, 2014, FBR has made net collection of Rs 270,216 million as against net collection of Rs 231,539 million in December 2013, showing an increase of 17 percent.
FBR raises penalties for fake invoices, digital non-compliance
LAHORE: The Federal Board of Revenue (FBR) has increased penalties and introduced new enforcement measures against sales tax registered persons...
