{"id":54290,"date":"2019-08-08T10:25:15","date_gmt":"2019-08-08T05:25:15","guid":{"rendered":"https:\/\/www.zameen.com\/blog\/?p=54290"},"modified":"2019-08-09T18:05:46","modified_gmt":"2019-08-09T13:05:46","slug":"fbr-plans-to-raise-number-of-taxpayers-to-3-5-mn-in-5-years","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/fbr-plans-to-raise-number-of-taxpayers-to-3-5-mn-in-5-years.html","title":{"rendered":"FBR plans to raise number of taxpayers to 3.5 mn in 5 years"},"content":{"rendered":"<p>Karachi: The Federal Board of Revenue (FBR) has set the target to increase the number of taxpayers to 3.5 million in five years, as opposed to 1.2 million people who currently pay taxes \u2013 according to a news report.<\/p>\n<p>The decision was taken during a meeting of the Steering Committee of the World Bank-sponsored \u2018Pakistan Raises Revenue\u2019 project. The committee also decided to fix the tax-to-GDP ratio from 13% to 17% in the next five years.<\/p>\n<p>Read:\u00a0<a href=\"https:\/\/www.zameen.com\/news\/fbr-seeks-report-amnesty-scheme-beneficiaries.html\" target=\"_blank\" rel=\"noopener noreferrer\">FBR seeks report on amnesty scheme beneficiaries<\/a><\/p>\n<p>To improve the Ease of Doing Business in Pakistan, the time for submitting tax returns will also be reduced from the current 253.5 hours to 130 hours in the next five years.<\/p>\n<p>Read:\u00a0<a href=\"https:\/\/www.zameen.com\/news\/fbr-divides-karachi-into-two-zones-broaden-tax-net.html\" target=\"_blank\" rel=\"noopener noreferrer\">FBR divides Karachi into two zones to broaden tax net<\/a><\/p>\n<p>The meeting also decided to improve the tax system and make it more transparent even while, through data-sharing, the authorities work to widen the tax net.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Karachi: The Federal Board of Revenue (FBR) has set the target to increase the number of taxpayers to 3.5 million in five years, as opposed to 1.2 million people who currently pay taxes \u2013 according to a news report. The decision was taken during a meeting of the Steering Committee of the World Bank-sponsored \u2018Pakistan Raises Revenue\u2019 project. The committee also decided to fix the tax-to-GDP ratio from 13% to 17% in the next five years. Read:\u00a0FBR seeks report on amnesty scheme beneficiaries To improve the Ease of Doing Business in Pakistan, the time for submitting tax returns will also be reduced from the current 253.5 hours to 130 hours in the next five years. Read:\u00a0FBR divides Karachi into two zones to broaden tax net The meeting also decided to improve the tax system and make it more transparent even while, through data-sharing, the authorities work to widen the tax net.<\/p>\n","protected":false},"author":57,"featured_media":26795,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[],"tags":[12544],"persona":[],"class_list":{"0":"post-54290","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"tag-fbr-plans-to-raise-number-of-taxpayers-to-3-5-mn-in-5-years"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>FBR plans to raise number of taxpayers to 3.5 mn in 5 years - Zameen News<\/title>\n<meta name=\"description\" content=\"Karachi: The Federal Board of Revenue (FBR) has set the target to increase the number of taxpayers to 3.5 million in five years, as opposed to 1.2 million\" \/>\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-plans-to-raise-number-of-taxpayers-to-3-5-mn-in-5-years.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FBR plans to raise number of taxpayers to 3.5 mn in 5 years - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Karachi: The Federal Board of Revenue (FBR) has set the target to increase the number of taxpayers to 3.5 million in five years, as opposed to 1.2 million\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/fbr-plans-to-raise-number-of-taxpayers-to-3-5-mn-in-5-years.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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