FBR tax collection grows by 30.4% as compared to same period last year

The FBR has successfully maintained the momentum of its growth trajectory in revenue collection.

According to the spokesperson of the FBR, the supreme tax collection body collected Rs3,352 billion against its set target of Rs3,090 billion. This represents a growth of about 30.4% over the collec­tion of Rs. 2,571 billion during the same period, last year.

The Federal Board of Revenue (FBR) exceeded its seven-month net tax collection target by Rs262 billion.

FBR collected a tax of Rs430 billion in the month of January 2022 as compared to the collection of Rs367 billion in the same period of the previous year. The data showed an increase of 17.2% tax collection in the month of January.

It is pertinent to mention that FBR has introduced a number of innovative interventions both at policy and operational level with a view to maximizing revenue potential through digitization, transparency, and taxpayers’ facilitation.