ISLAMABAD: Federal Board of Revenue (FBR) has collected Rs.549 billion till September 30, 2014 in the first quarter of current fiscal year 2014-15 against the collections of Rs.481 billion taxes in the same period of last fiscal showing an increase of 14 percent, a senior official of the board said.
Member Inland Revenues and Spokesman of the FBR, Shahid Hussian Asad told APP here on Wednesday that the FBR as collected Rs.230 billion revenues in the months of September 2014, as compared to Rs.202 billion collected in the same period of last fiscal year depicting a 14% percent growth in the tax collection of the country, a senior official of the board said.
Much productive tax collection with over 14 percent increase in the so far period of September as compared to the previous year", said Member Inland Revenue and Spokesman, Federal Board of Revenue (FBR) Shahid Hussain Asad said.
He said Federal Board of Revenue (FBR) has collected Rs.549 billion till September 30, 2014 in first quarter of current fiscal year,which Rs.481 billions 14 percent higher than the tax collected in the same period of the previous Fiscal year.
He said that despite challenges FBR's collection was on track.
He said that sit-ins and agitations would cause huge loss to the national economy and also put a negative impact on the local business across the country.
Shahid Hussain said that after the sit-ins by both political parties the local stock exchange witnessed bearish trend in the current week, which had a negative impact on the economy.
He said that FBR is committed to broadening the tax net for strengthening the national economy and to enhance tax to GDP ratio in the country in line with the policy of the government.
He hoped that the business community would benefit from these facilities extended by the government and businessmen would file their tax returns for the economic prosperity of the country.
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