ISLAMABAD: The Tax Expenditure Report 2020 released by the Federal Board of Revenue (FBR) on Wednesday states that tax expenditure from federal taxes in FY20 amounted to an estimated Rs1,150 billion. “Tax expenditure in sales tax amounted highest at Rs518.8 billion (45 percent of the total), while in income tax it amounted to Rs378 billion … Continue reading Rs1,150bn tax expenditure recorded for FY20: FBR report