Home »Taxation » Pakistan » FBR sets Rs 1.19 trillion target for Q4

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  • Apr 8th, 2017
  • Comments Off on FBR sets Rs 1.19 trillion target for Q4
The Federal Board of Revenue (FBR) has fixed Rs 1,194.3 billion revenue collection target for the last quarter (April-June) 2016-17 with the projected growth of 16 percent. According to sources, target of direct taxes has been projected at Rs 480.7 billion; sales tax, Rs 454.9 billion; Federal Excise Duty (FED), Rs 85 billion, and target of customs duty has been fixed at Rs 173.6 billion for the last quarter (April-June) 2016-17.

Sources said that the revenue collection target for the month of April 2017 has been set at Rs 290.7 billion. Break-up of target revealed that the direct taxes target has been fixed at Rs 93.1 billion, sales tax at Rs 130.9 billion, FED at Rs 20.4 billion and target of customs duty is Rs 46.4 billion for April 2017.

Sources said that revenue collection target for May 2017 has been fixed at Rs 346.2 billion. Breakup revealed that the direct taxes target has been projected at Rs 126.8 billion, sales tax at Rs 141 billion, FED at Rs 29 billion and target of customs duty has been set at Rs 49.4 billion for May 2017. The target for June 2017 has been projected at Rs 557.4 billion. Breakup of target showed that the direct taxes target has been projected at Rs 260.9 billion, sales tax, Rs 183.1 billion, FED, Rs 35.6 billion, and target of customs duty has been projected at Rs 77.8 billion for the last month of the fiscal year 2016-17. The annual revenue collection target is Rs 3,621 billion for the whole period of 2016-17.



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