Latest FBR Releases
The July – March collection of FBR has reached Rs. 678.9 billion as against Rs. 597 billion during the corresponding period of last year showing a growth of 13.7%. With this achievement, the overall growth in collection has improved by 1.2% points as July-February growth was 12.5%. The tax-wise three-quarter growth is as follows: Direct Taxes 8.4%, Sales Tax 17.8%, Federal Excise Duties 29.1%, and Customs Duties 9.9%.
2. The provisional tax collection for March 2008 has recorded an overall growth of 13.1%. The net collection during March 2008 has been Rs. 92.6 billion against Rs. 82 billion during March 2007. The revenue on account of direct taxes has risen modestly by 3% going up from Rs. 38.9 billion last March to Rs. 40 billion in March 2008. The sales tax collection has been Rs. 29.7 billion as against Rs. 24.1 billion of last March showing a growth of 23.4%. While sales tax on import stage has increased by 8.6%, the increase in the domestic component is 44.3%. The collection of federal excise duties has increased by 26.7%, increasing from Rs. 6 billion to Rs. 7.6 billion. Finally, a healthy growth of 17.5% has also been recorded in the collection of customs duties where the net receipts have reached Rs. 15.3 billion against Rs. 13 billion of last March.
3. The provisional figures of March are expected to increase further during the next few days.