Published On: Mon, Dec 30th, 2013
Published in Category: Islamabad

FBR collection showed growth of 17 pc in July-Dec 2013

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ISLAMABAD: The Federal Board of Revenue (FBR) has collected Rs 937.45 billion during first quarter of current fiscal year reflecting a growth of 17 percent over the corresponding period of last year.

According to the figures compiled by the FBR it showed that Rs 794.483 billion were collected in the corresponding period of 2012-13. Figures showed that domestic taxes were recorded at Rs 835.9 billion from July-Dec 2013 as against of Rs 694.99 billion in the same period of last fiscal year. This shows an increased of 20.3 percent over the last year.

The collections under the head of Custom duty were Rs 101.46 billion during July-December current fiscal year as against Rs 99.85 billion, showing an improvement of 11 percent. The collection of Federal Excise Duty (FED) was Rs 54.713 billion during the period under review against Rs 50.691 billion in the last fiscal, reflecting an improvement of 7 percent.

Statistical data further revealed that the monthly collection in first 27 days of Dec 2013 was Rs 137.57 billion against Rs 108.99 billion in the same period of last fiscal year, depicting growth of 26.2 percent. During the period under review, direct tax collections were Rs 43.97 billion against Rs 31.89 billion, with an increase of 37.9 percent. Sales tax collection was Rs 71.35 billion as against Rs 56.73 billion, reflecting improvement of 25.8 percent.

According to the statistics, the collection of the Federal excise duty (FED) was Rs 8.37 billion against Rs 7.66 billion, depicting a growth of 9.3 percent. The customs duty collection was Rs 13.871 billion against Rs 12.701 billion, showing an improvement of 9.2 percent.