FBR exceeds FY 2021-22 tax collection target by Rs300b

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The Federal Bureau of Revenue (FBR) collected a tax of Rs 6 trillion in the fiscal year 2021-22, exceeding the target of Rs5.8 trillion.

According to details, a total of Rs 6 trillion in tax was collected in the fiscal year 2021-22, an FBR spokesperson said.Rs2.2 trillion was collected in income tax, while an amount of Rs2.7 trillion was collected as sales tax in 2021-22. FBR spokesperson told that a total of Rs1,007 billion were collected in customs duty in 2021-22. While the FBR issued an amount of Rs305 billion in refunds. Former spokesperson of the finance ministry Muzammil Aslam said that the FBR data is a ‘shut up call’ to all the people who were claiming that the tax collections for the fiscal year 2021-22 would not be met.INP

 

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