The Federal Board of Revenue (FBR) on Monday announced that it collected Rs458 billion in taxes during July. This figure surpassed the collection target for the month, which was Rs443 billion. This represents a 10 percent increase from the previous month of June.
The refunds in July 2022 also increased to Rs28 billion as compared to Rs21 billion in July 2021,” it said, adding that the number of tax filers have also increased to 3.4 million in FY2021-22 as compared to 3 million in FY2020-21.
It is noteworthy that the Federal Bureau of Revenue collected a tax of Rs 6 trillion in the fiscal year 2021-22, exceeding the target of Rs5.8 trillion.
A spokesperson for the FBR announced that a total of Rs 6 trillion in tax was collected during the fiscal year 2021-22.
The spokesperson said that Rs2.2 trillion was collected in income tax, while an amount of Rs2.7 trillion was collected as sales tax in 2021-22. They noted that a total of Rs1,007 billion were collected in customs duty in 2021-22, with the FBR issuing an amount of Rs305 billion in refunds.