Rs 106 billion increase in tax collection

Rs 106 billion increase in tax collection

Rs 106 billion increase in tax collection

Islamabad: Tax payments have increased by 15% this year, FBR has collected Rs 796 billion as compared to last year's Rs 690 billion.

According to the details, the Federal Board of Revenue (FBR) collected 796 billion tax after a 15% increase in tax collection.

The FBR has collected Rs 796 billion as compared to Rs 690 billion since July last year.

The FBR's Large Taxpayer Unit (LTU) collected Rs 108 billion this year just in January, compared to Rs 92 billion last year.

According to the report, in the manufacturing sector, income tax and tax have been refunded over Rs 31 billion in the last seven months compared to Rs 22 billion last year.

This year, the refund rate is 42% higher than the previous fiscal year. In the month of January this year, Rs 2.7 billion was recovered as compared to Rs 2.5 billion last year.

Further cases of non-taxpayers have been reported to the FBR, which is under investigation.

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