Treasure Magazine

Treasure Magazine

FBR receives Rs 1,841bn during Jul-Oct 2021-22

1 min read
FBR head Office

ISLAMABAD: Federal Board of Revenue (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.

FBR has released the provisional revenue collection figures for the months July-October of current Financial Year 2021-22.

This represents a growth of about 36.6 % over the collection of Rs 1,347 billion during the same period last year.

The net collection for the month of October, 2021 realized Rs 440 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.

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.