ISLAMABAD: The Federal Board of Revenue (FBR) has claimed to collect Rs328 billion in February 2021 and the overall tax collection in the first eight months (July-Feb) touched Rs 2,900 billion against the desired target of Rs 2,898 billion.
According to the FBR statement issued on Friday, the FBR achieved its eight-month revenue collection target. Just ahead of completing the ongoing month of February 2021, the FBR so far collected Rs2,900 billion in the first eight months (July-Feb) period of 2020-21 against the desired target of Rs 2,898 billion, surpassing the target by Rs2 billion.
The FBR will have to collect Rs2,067 billion in the remaining four months (March-June) period to materialize the annual tax collection target of Rs4,967 billion for the current fiscal year.
Keeping in view the downward revised target of Rs 4.7 trillion, the FBR will have to collect Rs1,800 billion during the remaining four months (March-June) period for achieving the downward revised target on its board, FBR said.
The FBR had provisionally collected Rs2,572 billion during July-Jan 2021 against Rs2426 billion in the same period last year, posting a growth of 6.0 percent. The net collection had exceeded the target by Rs22 billion, read the statement.
As per FBR, the domestic tax collection increased by 6.2 percent to Rs2,173 billion in the first seven months of the FY2021 against Rs2,046 billion in the comparable period of last year.
