The government has disbursed PKR 163 billion of tax refunds during the current fiscal year 2019-2020, Adviser to Prime Minister on Finance Abdul Hafeez Sheikh told media
Hafeez Sheikh said that the amount disbursed during the current year was more than the previous financial year when PKR 101 billion of tax refunds were disbursed.
While providing detail of tax refund he said that PKR 100 billion of the amount was disbursed under the special relief package announced by Prime Minister Imran Khan amid coronavirus outbreak in the country.
“Tax refunds of PKR 52 billion were made to industries in terms of general sales tax (GST) while PKR 10 billion of the tax refund was disbursed for exporters under Fully Automated Sales Tax e-Refund (FASTER) system,” Sheikh said.
He said that PKR 15 billion tax refunds were given in terms of duty draw back while PKR 20.5 billion of the refund was made under Local Taxes and Levies (DLTL) scheme.
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