FBR reveals massive revenue collection for month of October 2019

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FBR reveals massive revenue collection for month of October 2019

*ISLAMABAD: **Federal Board of Revenue reveals massive revenue collection for month of October 2019.*

*The Federal Board of Revenue (FBR) collected Rs320 billion in taxes during the month of October, a 16 per cent increase in revenue collection when compared to the corresponding period of last year, said Chairman Syed Shabbar Zaidi.*

Taking to the micro-blogging site Twitter, he said: “Alhumdullilah, FBR has collected Rs 320 billion during the month October 2019 and has maintained overall increase over last year of 16 percent and domestic tax over 25 percent.”

“This is after taking into account negative aspect of import contraction of around Rs 50 billion,” he added.

link Syed Shabbar Zaidi@ShabarZaidi link link

Alhumdullilah, FBR has collected Rs 320 billion during the month October 2019 and has maintained overall increase over last year of 16 percent and domestic tax over 25 percent. This is after taking into account negative aspect of import contraction of around Rs 50 billion. 7,389 link 6:41 PM - Oct 31, 2019 link Twitter Ads info and privacy link

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In another tweet, he said: “FBR reiterates its query relating to cases of ‘Bond Washing’ for T-Bills under trust to avoid deduction of withholding and strongly reaffirms its position that there is no issue banking secrecy law in this respect. Banks are suggested to divulge such information soon.”