FBR Starts the July Target by a Huge Margin

The Federal Board of Revenue (FBR) has launched the provisional sales series figures for July 2021.

According to the provisional data, FBR has gathered internet sales of Rs. 413 billion during July 2021, which has surpassed the target of Rs. 342 billion with the aid of using Rs. seventy-one billion. This represents an increase of approximately 36 percent over the collection of Rs. 303 billion during the equal length ultimate yr.

These figures would further improve before the near of the day and after ee-ebook modifications had been taken into account. These collections are the best ever in July. This top-notch sales overall performance is a mirrored image of sustained economic revival spurred by government policies.

ALSO, READ

Pakistan’s IT Exports Cross $2 Billion Mark For The First Time

On the alternative hand, the gross collections accelerated from Rs. 317 billion during this period ultimate yr to Rs. 419 billion, displaying a boom of 32.1 percentage. The number of refunds disbursed was Rs. 20 billion in comparison to Rs. 15.7 billion changed into paid ultimate yr, displaying a boom of 26.6 percentage.


Income Tax Returns for Tax Year-2020 have reached 3.53 million in comparison to 2.72 million in Tax Year-2019 displaying a boom of 30 percent. The tax deposited with returns changed into Rs. 51 billion in comparison to most effective Rs. 33 billion ultimate yr, displaying a boom of 54 percent. According to the data launched with the aid of using FBR, 11,744 Point of Sale terminals have been included with the real-time reporting system of FBR.

ALSO, READ

DRAP Approves Pakistan’s First Two ICU Ventilators

Pakistan Customs has gathered Rs. sixty-seven billion beneath neath the head of customs duty during July 2021, whereas during July ultimate yr, an amount of Rs. forty-nine billion changed into gathered, which confirmed an increase of 37 percent. During July 2021, smuggled goods really well worth Rs. 3.6 billion had been seized.

Prime Minister (PM) Imran Khan also commended the Federal Board of Revenue (FBR) for amassing the best ever tax in July.


Post a Comment

Previous Post Next Post
Close[x]