The Sindh Revenue Board (SRB) has set a new record for tax collection in the fiscal year 2021-22, reaching a total of Rs153 billion. This was reported by ARY News, quoting the Chief Minister of Sindh.
The Chief Minister praised the Sindh Revenue Board (SRB) for its excellent performance in tax collection, surpassing the set target of Rs150 billion by over Rs3.5 billion. This is a significant achievement that will help to improve the financial stability of the province.
A total of Rs8.2 billion are under the Workers Welfare Fund, the CM added. The Federal Board of Revenue had also exceeded its tax collection target for the FY 2021-22, collecting Rs 6 trillion instead of the targeted Rs5.8 trillion.
Rs2.2 trillion was collected in income tax, while sales tax amounted to Rs2.7 trillion. The FBR spokesperson told that customs duty collected in 2021-22 summed up to Rs1,007 billion, with refunds issued amounting to Rs305 billion.
Earlier in May, the Sindh Excise and Taxation Department claimed to have recovered over Rs252 million in taxes from defaulting vehicles in nine days during its tax collection drive.