ISLAMABAD: The Federal Board of Revenue (FBR) has collected Rs.2091 billion upto May 20,2015 of current Fiscal Year 2014-15 against the collections of Rs.2600 billion taxes in the same period of last fiscal showing an increase of 17 percent, a senior official of the board said.
Member Inland Revenues (IR) and Spokesman of the FBR, Shahid Hussian Asad told APP here on Wednesday that the FBR has performed well in tax collection with over 17 percent increase in the so far as compared to the previous year."
He said that despite the huge challenges FBR's collection was on track.
Shahid Hussian Asad said that FBR was committed to broadening the tax net for strengthening the national economy and to enhance tax to GDP ratio in the country in line with the policy of the government.
He said that FBR has form resolve to plug loopholes causing tax evasion, which was barring Pakistan from become a developed and self-sufficient country.
Sahid Asad said that serious efforts were underway to bring FBR at par with the tax authorities of the developed countries for economic stability of the country.
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