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Rs 898.64 billion taxes collected in July-April
 admin May 3, 2010, 05:34:28 AM 

ISLAMABAD (May 06 2009): The Federal Board of Revenue (FBR) has collected Rs 898.64 billion as taxes during 10 months of the current fiscal, against Rs 763.592 billion in the same period of last year, reflecting an increase of 17.7 percent. According to provisional figures released here on Tuesday, the FBR collected Rs 83.53 billion during April 2009 against Rs 83.66 billion in the same month of last year, showing a decrease of 0.2 percent.

As compared to the monthly target of Rs 98 billion, the board has provisionally collected Rs 83.53 billion, showing a shortfall of Rs 14.74 billion during April 2009. Break-up of the tax collection figures showed that direct taxes collection stood at Rs 332.526 billion during July-April (2008-09) against Rs 284.553 billion in the corresponding period of last year, reflecting an increase of 16.9 percent.

The overall collection of indirect taxes was Rs 566.114 billion, against Rs 479.029 billion in the same period last, showing an increase of 18.2 percent. Sales tax collection stood at Rs 358.920 billion against Rs 293.655 billion of last year, showing an improvement of 22.2 percent. Sales tax collection at import stage stood at Rs 164.245 billion, against Rs 157.963 billion, showing an increase of 4 percent.

Sales tax collection on domestic consumption stood at Rs 194.675 billion during July-April (2008-2009) against Rs 135.692 billion, showing an improvement of 43.5 percent. The collection of Federal Excise Duty (FED) was Rs 90.011 billion against Rs 70.56 billion, depicting an increase of 27.6 percent. The collection of the FED at import stage was Rs 11.75 billion against Rs 11.39 billion, showing improvement of 3.1 percent.

The FED collection at local stage was Rs 78.261 billion against Rs 59.176 billion, reflecting an increase of 32.3 percent. The FBR collected Rs 117.184 billion as customs duty against Rs 114.815 billion, showing an improvement of 2.1 percent. The FBR paid Rs 61.290 billion as refunds and rebates to exporters against Rs 55.846 billion, showing an increase of Rs 5.444 billion.

The break-up of refunds/rebates showed that the FBR paid sales tax refund of Rs 21.13 billion against Rs 23.17 billion, showing a decrease of 2 percent. Income tax refund stood at Rs 32.808 billion against Rs 21.569 billion. The monthly break-up of revenue collection in April showed that FBR collected Rs 83.53 billion against Rs 83.66 billion, showing a decrease of 0.2 percent. Direct taxes collection was Rs 24.946 billion during April against Rs 26.915 billion, showing a decrease of 7.3 percent.

Indirect taxes collection stood at Rs 58.586 billion against Rs 56.750 billion, showing an increase of 3.2 percent. Sales tax collection was Rs 37.78 billion against Rs 35.04 billion, reflecting an increase of 7.8 percent. The collection of federal excise duty (FED) was Rs 9.01 billion against Rs 8.77 billion, showing an increase of 2.7 percent.

The collection of customs duty was Rs 11.79 billion during April against Rs 12.93 billion, showing a decrease of 8.8 percent. It is worth mentioning that the tax machinery has to collect Rs 431 billion in next two months--May & June--to meet the revised tax collection target of Rs 1.33 trillion by June 30, 2009. If the collection is compared with the original target, the FBR would have to collect over Rs 351 billion in two months to achieve the original budgetary target of Rs 1250 billion

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