Business

Federal Board of Revenue collects Rs320bn during January 2020

Federal Board of Revenue collects

Federal Board of Revenue collects Rs320bn during January 2020.

According to FBR’s statement, it collected Rs320 billion during January.

It is 17 percent more than the same month last year.

Federal Board of Revenue collects

The last five years data shows that FBR collects almost 50 to 55 percent of its taxes at import stage.

The import compression has brought growth in this component to almost zero. All the growth in taxes is now supported by almost 30 percent growth in domestic taxes, which is an unprecedented growth number in the history of FBR.

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