FBR’s collection up by 30.5% to Rs440 billion in Oct 2021

FBR’s collection up by 30.5% to Rs440 billion in Oct 2021

ISLAMABAD: The Federal Board of Revenue (FBR) has collected an amount of Rs440 billion in the month of October 2021, which is 30.5 per cent higher when compared with Rs337 billion in the same month of the last year.

The net collection for the month of October, 2021 realized Rs440 billion, representing an increase of 30.5 per cent over Rs 337 billion collected in October, 2020.

These figures would further improve before the after book adjustments have been taken in to account, the FBR said on Sunday.

The FBR released the provisional revenue collection figures for the months July-October of current Financial Year 2021-2022.

According to the provisional information, FBR has collected net revenue of Rs.1,841 billion during July-October of current Financial Year 2021-22, which has exceeded the target of Rs. 1,608 billion by Rs. 233 billion. This represents a growth of about 36.6 % over the collection of Rs. 1,347 billion during the same period last year.

On the other hand, the gross collections increased from Rs. 1,413 billion during July-October, 2020 to Rs. 1,932 billion in current Financial Year, showing an increase of 36.7 per cent. The amount of refunds disbursed was Rs. 91 billion during July-October, 2021 compared to Rs. 66 billion paid last year, showing an increase of 37.7 per cent.

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