Revenue collection surges 24.1pc to Rs.1266bn in 9 months: FBR

[Devil Soul]

Revenue collection surges 24.1pc to Rs.1266bn in 9 months: FBR
Updated 21 minutes ago
ISLAMABAD: The tax collections during the first nine months of current fiscal year surged by 24.1 percent as the Federal Board of Revenue (FBR) collected Rs.1266.039 billion revenues during July-March (2011-12).

The tax collection during the same period of last year was recorded at Rs.1020.149 billion, according to FBR provisional data.

Out of the total revenues, the highest increase of 25.1 percent was witnessed in Domestic Taxes that surged from Rs.893.376 billion last year to Rs.1,118.014 billion this year.

Among the Domestic Taxes, the Direct Taxes increased by 24.1 percent from Rs.381.617 billion to Rs,473.648 billion while the Sales Tax (ST) witnessed positive growth of 33.3 percent by going up from Rs.422.671 billion to Rs.563.324 billion.

Among Sales Tax, ST on Import increased by 47.6 percent by growing from Rs.211.979 billion last year to Rs.312.901 billion this year while the sales tax on domestic increased by 18.9 percent from Rs.210.692 billion to Rs.250.423 billion.

However, the Federal Excise (FED) witnessed negative growth of 9 percent by falling from Rs.89.088 billion last year to 81.041 billion during current fiscal year.

Among Federal Excise, FED on Import decrease by 46.6 percent, from Rs.12.359 billion to Rs.6.605 billion while FED on domestic decrease by 3 percent from Rs.76.729 billion to Rs.74.436 billion.

Customs collection during July-March (2011-12) also witnessed positive growth of 16.8 percent by growing from Rs.126.773 billion

to Rs.148.025 billion, the figures revealed.

On the other hand, the tax collection during March 2012 witnessed positive growth of 8.2 percent as compared to the same month of last year.

Tax collection during March 2012 was recorded at Rs.155.925 billion against the collection of Rs.144.172 billion during March 2011.

During the month under review, the collection of Domestic Taxes witness positive growth of 7.7 percent as compared to March 2012.

The Domestic Tax from Rs.125.785 billion in March 2011 to Rs.135.452 billion during March 2012.

Among the domestic Taxes, Direct taxes increased by 2.4 percent from Rs.66.674 billion to Rs.68.266 billion while Sales Tax increased by 23.1 percent from Rs.48.495 billion to Rs.59.674 billion.

However, the Federal Excise witnessed sharp decrease of 29.2 percent by falling from Rs.10.616 billion during March 2011 to Rs.7.512 billion during March 2012, according to the FBR figures.

Customs collection during the month also increased by 11.3 percent from Rs.18.387 billion to Rs.20.473 billion. (APP)


APP

 

[53fd]

More of the same please!

 

[batmannow]

Revenue collection surges 24.1pc to Rs.1266bn in 9 months: FBR
Updated 21 minutes ago
ISLAMABAD: The tax collections during the first nine months of current fiscal year surged by 24.1 percent as the Federal Board of Revenue (FBR) collected Rs.1266.039 billion revenues during July-March (2011-12).

The tax collection during the same period of last year was recorded at Rs.1020.149 billion, according to FBR provisional data.

Out of the total revenues, the highest increase of 25.1 percent was witnessed in Domestic Taxes that surged from Rs.893.376 billion last year to Rs.1,118.014 billion this year.

Among the Domestic Taxes, the Direct Taxes increased by 24.1 percent from Rs.381.617 billion to Rs,473.648 billion while the Sales Tax (ST) witnessed positive growth of 33.3 percent by going up from Rs.422.671 billion to Rs.563.324 billion.

Among Sales Tax, ST on Import increased by 47.6 percent by growing from Rs.211.979 billion last year to Rs.312.901 billion this year while the sales tax on domestic increased by 18.9 percent from Rs.210.692 billion to Rs.250.423 billion.

However, the Federal Excise (FED) witnessed negative growth of 9 percent by falling from Rs.89.088 billion last year to 81.041 billion during current fiscal year.

Among Federal Excise, FED on Import decrease by 46.6 percent, from Rs.12.359 billion to Rs.6.605 billion while FED on domestic decrease by 3 percent from Rs.76.729 billion to Rs.74.436 billion.

Customs collection during July-March (2011-12) also witnessed positive growth of 16.8 percent by growing from Rs.126.773 billion

to Rs.148.025 billion, the figures revealed.

On the other hand, the tax collection during March 2012 witnessed positive growth of 8.2 percent as compared to the same month of last year.

Tax collection during March 2012 was recorded at Rs.155.925 billion against the collection of Rs.144.172 billion during March 2011.

During the month under review, the collection of Domestic Taxes witness positive growth of 7.7 percent as compared to March 2012.

The Domestic Tax from Rs.125.785 billion in March 2011 to Rs.135.452 billion during March 2012.

Among the domestic Taxes, Direct taxes increased by 2.4 percent from Rs.66.674 billion to Rs.68.266 billion while Sales Tax increased by 23.1 percent from Rs.48.495 billion to Rs.59.674 billion.

However, the Federal Excise witnessed sharp decrease of 29.2 percent by falling from Rs.10.616 billion during March 2011 to Rs.7.512 billion during March 2012, according to the FBR figures.

Customs collection during the month also increased by 11.3 percent from Rs.18.387 billion to Rs.20.473 billion. (APP)


APP

Its all fake , this govt is fake,& all its institutions are fake, & their all reports are fake just to make educateD poor citizens keep , discussing these kind of issues running media, well!
Nothing we can get, from these reports. & must be investigated properly!
All the personal accounts of the heads of these socalled institutions Must be made checked , including all the senators , MNA's , MPA's, Prime minsters,fedrl minsters, provincial minsters, president, everyone I am sure we can find all the looted money?
Without this, all these fake doccuments have no value!
Inflation keep growing,on a flashing speed, shows that, if we can't collect any taxes from our looted money, which is still going , & flowing out, we shouldn't look at these kind of documents.its really discusting to see these reports appearing, in the Paid & financed media, by cia?

 

[Jango]

Talking of taxes, well ladies and gentlemen, now there is a Kashmir Liberation tax!!!

Oh yes, if you buy a car, truck , motorcycle, number plate, get a passport, there will be a Kashmir liberation tax, ranging from 600 to 50 PKR.

 

[Hyde]

Talking of taxes, well ladies and gentlemen, now there is a Kashmir Liberation tax!!!

Oh yes, if you buy a car, truck , motorcycle, number plate, get a passport, there will be a Kashmir liberation tax, ranging from 600 to 50 PKR.

lol, that is funny

source of your claim?

 

[Jango]

lol, that is funny

source of your claim?

It has been on the news for the past 2 days.

Wait, i'll get a link.

 

[Jango]

Can't get the article link at the moment. But there was a program on it in 'Bolta pakistan' on Aaj TV some days back.

Can't remember the exact date.

 

[somebozo]

This fake government is just another liar like bhutto..


1. Industry and export revenues are going down all time due to lawless and electrcity shortages.
2. Most of the forgien investment has fled the country and even Pakistanis are taking out their money to invest in Turkey, UAE, Saudi, Banglades, Eastern Europe..

So with the two factors mentioned above, how can the tax base increase when the economy is actually shrinking??

Bhutto when performing his socialist miracles chanted the same roti, kapra makan and guaranteed employment for all and how Pakistan is going to become an asian tiger but on record Bhutto era was the worst ever era for Pakistani industry and economy while our top of the brass talent left to work in Gulf countries and built numerous of their basic institutes like electricity, airlines, railways, transport, infrastructure, telecom.