{"id":51231,"date":"2019-04-11T15:17:43","date_gmt":"2019-04-11T10:17:43","guid":{"rendered":"https:\/\/www.zameen.com\/blog\/?p=51231"},"modified":"2019-04-11T15:17:43","modified_gmt":"2019-04-11T10:17:43","slug":"fbr-proposes-pkr-5-1-trillion-revenue-collection-target","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/fbr-proposes-pkr-5-1-trillion-revenue-collection-target.html","title":{"rendered":"FBR proposes PKR 5.1 trillion revenue collection target"},"content":{"rendered":"<p>Islamabad: The Federal Board of Revenue (FBR) has proposed the government to set its tax collection target in the upcoming federal budget at PKR 5.1 trillion, a news source reported.<\/p>\n<p><strong>Read<\/strong>: <a href=\"https:\/\/www.zameen.com\/news\/fbr-extends-date-for-filing-income-tax-returns.html\">FBR extends date for filing income tax returns<\/a><\/p>\n<p>Furthermore, the federal institution has called for revising revenue collection estimates in a bid to meet the fiscal adjustment targets set by the International Monetary Fund (IMF).<\/p>\n<p>The said international agency recently asked the government to set a <a href=\"https:\/\/www.zameen.com\/news\/imf-presses-for-more-revenue-collection.html\">tax collection target of PKR 5.4 trillion<\/a> for the upcoming fiscal year (FY2019-20). This figure represents a 13% increase from the current tax collection target, which stands at PKR 4.1 trillion.<\/p>\n<p>At present, FBR is struggling with meeting its tax collection requirements for the current financial year (FY2018-19). It has yet to collect taxes worth well over a trillion rupees in order to achieve the revenue target fixed for the last quarter (April-June) of FY2018-19.<\/p>\n<p><strong>Read<\/strong>:\u00a0<a href=\"https:\/\/www.zameen.com\/news\/fbr-recovers-billions-in-drive-against-tax-defaulters.html\">FBR recovers billions in drive against tax defaulters<\/a><\/p>\n<p>The board has also hired consultants for finalising its tax reforms strategy. These officials include communication and procurement specialists, among other experts.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The Federal Board of Revenue (FBR) has proposed the government to set its tax collection target in the upcoming federal budget at PKR 5.1 trillion, a news source reported. Read: FBR extends date for filing income tax returns Furthermore, the federal institution has called for revising revenue collection estimates in a bid to meet the fiscal adjustment targets set by the International Monetary Fund (IMF). The said international agency recently asked the government to set a tax collection target of PKR 5.4 trillion for the upcoming fiscal year (FY2019-20). This figure represents a 13% increase from the current tax collection target, which stands at PKR 4.1 trillion. At present, FBR is struggling with meeting its tax collection requirements for the current financial year (FY2018-19). It has yet to collect taxes worth well over a trillion rupees in order to achieve the revenue target fixed for the last quarter (April-June) of FY2018-19. Read:\u00a0FBR recovers billions in drive against tax defaulters The board has also hired consultants for finalising its tax reforms strategy. These officials include communication and procurement specialists, among other experts.<\/p>\n","protected":false},"author":67,"featured_media":26795,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[],"tags":[11259],"persona":[],"class_list":{"0":"post-51231","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"tag-fbr-proposes-pkr-5-1-trillion-revenue-collection-target"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>FBR proposes PKR 5.1 trillion revenue collection target - Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: The Federal Board of Revenue (FBR) has proposed the government to set its tax collection target in the upcoming federal budget at PKR 5.1\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/fbr-proposes-pkr-5-1-trillion-revenue-collection-target.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FBR proposes PKR 5.1 trillion revenue collection target - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Islamabad: The Federal Board of Revenue (FBR) has proposed the government to set its tax collection target in the upcoming federal budget at PKR 5.1\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/fbr-proposes-pkr-5-1-trillion-revenue-collection-target.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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