Sources told The Express Tribune on Monday that the figure was based on FBR’s provisional data collected up to August 29.
They said that the collection of domestic taxes, which include direct taxes, sales tax and federal excise duty, stood at Rs76.28 billion in the first 29 days of August against Rs73.66 billion in last year’s corresponding period, showing an increase of 3.6 per cent.
They said that direct taxes amounted to Rs24.95 billion during the period under review against Rs20.84 billion in the corresponding period during the last fiscal year, marking an increase of 19.7 per cent. Out of the total direct taxes, the FBR has collected Rs5.11 billion as withholding tax during the period under review against Rs3.53 billion in last year’s corresponding period.
The sources said that the net sales tax collection during August remained Rs44.37 billion against Rs44.08 billion in the corresponding period of the last fiscal year, reflecting a nominal increase of 0.6 per cent.
They said that the sales tax collection at the import stage stood at Rs26.62 billion in August against Rs18.28 billion in last year’s similar period, showing an improvement of 45.6 per cent. The sales tax collection on domestic consumption was Rs17.75 billion in the period under review against Rs25.80 billion during last year’s corresponding period, reflecting a decrease of 31.2 per cent.
They said that the collection of the federal excise duty was Rs6.97 billion in August against Rs8.73 billion in the same period of the last fiscal year, showing a decrease of 20.2 per cent. Its collection at the import stage was Rs784 million during the period under review against Rs1.15 billion of last year’s corresponding period, showing a decrease of 32 per cent.
Sources said that the collection of customs duty improved 23.6 per cent to approximately Rs12.47 billion during August.
Published in The Express Tribune, August 30th, 2011.
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I had written here 6% revenue growth with inflation at 15%!!??
FBR is still falling behind the target set in the Federal Budget for the year. So two months in a row they have fallen behind.