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FBR collects over Rs 268 billion in September, over Rs 600 billion in Q1

FBR collects over Rs 268 billion in September, over Rs 600 billion in Q1

ISLAMABAD: During the month of September, 2015, according to the provisional figures received so far, FBR has made a net collection of more than Rs. 268 billion, as against net collection of Rs. 228 billion made last year showing an increase of 17.5 percent. It is expected that the final collection would further increase when the final figures are received.

From July, 2015 to September, 2015, FBR made a net collection of more than Rs. 600 billion as against net collection of Rs. 541 billion made last year  resulting an increase of 11 percent. This is after having issued refunds of Rs.30 billion as against Rs. 21 billion issued during first quarter of last year resulting an increase of refunds at 42.85 percent as compared to last year. This may be highlighted that this higher collection has been made by the FBR field formations working with a missionary spirit and tireless zeal to improve the economic health of the country despite strikes by the traders on the issue of withholding tax on bank instruments of non-filers and Eid Holidays during the months of July and September, 2015. Details of collection during July-September, 2015 as compared to July-September, 2014 are as under:

(Rs in Billion)

Revenue Head Up to September 2015 Up to September 2014
  Gross Rebate/ Refund Net Gross Rebate/ Refund Net
1 2 3 4 5 6 7
Direct Taxes 244 198
Sales Tax 278 268
FED 28 31
Customs 80     65    
Grand Total 630 30 600 562 21 541