FBR Press Release

Federal Board of Revenue (FBR) has collected Rs 1.54 billion from the tax investment scheme announced in July this year, says a press statement issued Thursday.

According to details, some 10,828 cases seeking to benefit from the scheme were received by FBR until December 31, 2008, the last day of the scheme, and were settled after netting Rs 1,542 million as tax equaling two per cent of the fair market value of their assets.

The scheme was run by the 16 regional tax offices and large tax payers units of the FBR and received a record 4,114 cases from the RTO Lahore followed by 1,861 cases received in RTO Karachi. The break-up of the collection is also attached for further details.