FBR collects record over Rs1 trillion tax in December 2023

ISLAMABAD: In a first the Federal Board of Revenue (FBR) managed to collect over Rs1 trillion in taxes in December 2023, surpassing the target for the month. 

According to the top tax collection body, Rs1,021 billion was collected in December 2023 and reached a net collection of Rs984 billion after adjusting refunds of Rs38 billion issued during the month.

Targets for the first six months of the current financial year were also surpassed which was Rs4,425 billion — as agreed with the International Monetary Fund (IMF) — which was surpassed by Rs43 billion and a collection of Rs4,468 billion was recorded.

Federal Board of Revenue (FBR) Chairman Malik Amjed Zubair Tiwana congratulated Member (Customs Operations), Member (IR-Operations) and their teams for achieving this unsurmountable task.

He also thanked the taxpayers, without whose continuous support and correct declarations, this target could not have been accomplished.