{"id":57864,"date":"2019-11-22T12:32:04","date_gmt":"2019-11-22T07:32:04","guid":{"rendered":"https:\/\/www.zameen.com\/blog\/?p=57864"},"modified":"2019-11-22T12:32:55","modified_gmt":"2019-11-22T07:32:55","slug":"fbr-reforms-implementation-slated-july-2020","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/fbr-reforms-implementation-slated-july-2020.html","title":{"rendered":"FBR reforms&#8217; implementation slated for July 2020"},"content":{"rendered":"<p>Islamabad: The Federal Board of Revenue (FBR) has set internal deadlines to prepare the outline of the reforms \u2013 aimed at reorienting the taxation authority\u2019s structure framework &#8211; till January 2020; to enable their implementation by July 2020, a news source reported.<\/p>\n<p>For this purpose, the federal government recently set up a steering committee, with FBR Chairman Shabbar Zaidi serving as the body\u2019s chief. Further, the taxation authority has formed <a href=\"https:\/\/www.zameen.com\/news\/consultative-committees-formed-restructure-fbr.html\" target=\"_blank\" rel=\"noopener noreferrer\">four sub-committees<\/a> up till now to facilitate the process.<\/p>\n<p><strong>Read:\u00a0<\/strong><a href=\"https:\/\/www.zameen.com\/news\/fbr-consult-stakeholders-before-introducing-reforms.html\" target=\"_blank\" rel=\"noopener noreferrer\">FBR to consult stakeholders before introducing reforms<\/a><\/p>\n<p>At the moment, the process is confusing for those involved since suggestions for changes are coming from three different directions. The World Bank funded operation suggested reforms within a timeline to be eligible for a USD 400 million loan, while one of the terms for IMF\u2019s Extended Fund Facility loan package was bringing about reforms in tax collection.<\/p>\n<p>Previously, Prime Minister (PM) Imran Khan had directed the FBR to commence with the overhaul process. Now the committees need to come together and bring about reforms keeping in mind all the various stakeholders and institutions involved and their specific directives.<\/p>\n<p><strong>Read:\u00a0<\/strong><a href=\"https:\/\/www.zameen.com\/news\/fbr-shift-from-gst-to-vat-collection-model.html\" target=\"_blank\" rel=\"noopener noreferrer\">FBR to shift from GST to VAT collection model<\/a><\/p>\n<p>Members are currently debating whether the reforms should be implemented from top-down or from bottom to top. They are also deliberating whether they require the need of professionals, who will then need to be hired.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The Federal Board of Revenue (FBR) has set internal deadlines to prepare the outline of the reforms \u2013 aimed at reorienting the taxation authority\u2019s structure framework &#8211; till January 2020; to enable their implementation by July 2020, a news source reported. For this purpose, the federal government recently set up a steering committee, with FBR Chairman Shabbar Zaidi serving as the body\u2019s chief. Further, the taxation authority has formed four sub-committees up till now to facilitate the process. Read:\u00a0FBR to consult stakeholders before introducing reforms At the moment, the process is confusing for those involved since suggestions for changes are coming from three different directions. The World Bank funded operation suggested reforms within a timeline to be eligible for a USD 400 million loan, while one of the terms for IMF\u2019s Extended Fund Facility loan package was bringing about reforms in tax collection. Previously, Prime Minister (PM) Imran Khan had directed the FBR to commence with the overhaul process. Now the committees need to come together and bring about reforms keeping in mind all the various stakeholders and institutions involved and their specific directives. Read:\u00a0FBR to shift from GST to VAT collection model Members are currently debating whether the&hellip;<\/p>\n","protected":false},"author":74,"featured_media":25713,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[],"tags":[14068],"persona":[],"class_list":{"0":"post-57864","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"tag-details-on-fbr-reforms-implementation-slated-for-july-2020"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>FBR reforms&#039; implementation slated for July 2020 - Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: The Federal Board of Revenue (FBR) has set internal deadlines to prepare the outline of the reforms \u2013 aimed at reorienting the taxation\" \/>\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-reforms-implementation-slated-july-2020.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FBR reforms&#039; implementation slated for July 2020 - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Islamabad: The Federal Board of Revenue (FBR) has set internal deadlines to prepare the outline of the reforms \u2013 aimed at reorienting the taxation\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/fbr-reforms-implementation-slated-july-2020.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; Pakistan Property News &amp; Latest Updates - Zameen News\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/ZameenPK\" \/>\n<meta property=\"article:published_time\" content=\"2019-11-22T07:32:04+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-11-22T07:32:55+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2017\/05\/FBR.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"600\" \/>\n\t<meta property=\"og:image:height\" content=\"350\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"misha shahid\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:site\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"misha shahid\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"FBR reforms' implementation slated for July 2020 - Zameen News","description":"Islamabad: The Federal Board of Revenue (FBR) has set internal deadlines to prepare the outline of the reforms \u2013 aimed at reorienting the taxation","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.zameen.com\/news\/fbr-reforms-implementation-slated-july-2020.html","og_locale":"en_US","og_type":"article","og_title":"FBR reforms' implementation slated for July 2020 - Zameen News","og_description":"Islamabad: The Federal Board of Revenue (FBR) has set internal deadlines to prepare the outline of the reforms \u2013 aimed at reorienting the taxation","og_url":"https:\/\/www.zameen.com\/news\/fbr-reforms-implementation-slated-july-2020.html","og_site_name":"Pakistan Real Estate News &amp; Pakistan Property News &amp; Latest Updates - Zameen News","article_publisher":"https:\/\/www.facebook.com\/ZameenPK","article_published_time":"2019-11-22T07:32:04+00:00","article_modified_time":"2019-11-22T07:32:55+00:00","og_image":[{"width":600,"height":350,"url":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2017\/05\/FBR.jpg","type":"image\/jpeg"}],"author":"misha shahid","twitter_card":"summary_large_image","twitter_creator":"@ZameenProperty","twitter_site":"@ZameenProperty","twitter_misc":{"Written by":"misha shahid","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/www.zameen.com\/news\/fbr-reforms-implementation-slated-july-2020.html#article","isPartOf":{"@id":"https:\/\/www.zameen.com\/news\/fbr-reforms-implementation-slated-july-2020.html"},"author":{"name":"misha shahid","@id":"https:\/\/www.zameen.com\/news\/#\/schema\/person\/5cf08f4e92a249b4f3a8868996bfa6d6"},"headline":"FBR reforms&#8217; implementation slated for July 2020","datePublished":"2019-11-22T07:32:04+00:00","dateModified":"2019-11-22T07:32:55+00:00","mainEntityOfPage":{"@id":"https:\/\/www.zameen.com\/news\/fbr-reforms-implementation-slated-july-2020.html"},"wordCount":236,"commentCount":0,"publisher":{"@id":"https:\/\/www.zameen.com\/news\/#organization"},"image":{"@id":"https:\/\/www.zameen.com\/news\/fbr-reforms-implementation-slated-july-2020.html#primaryimage"},"thumbnailUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2017\/05\/FBR.jpg","keywords":["details on FBR reforms' implementation slated for July 2020"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.zameen.com\/news\/fbr-reforms-implementation-slated-july-2020.html#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.zameen.com\/news\/fbr-reforms-implementation-slated-july-2020.html","url":"https:\/\/www.zameen.com\/news\/fbr-reforms-implementation-slated-july-2020.html","name":"FBR reforms' implementation slated for July 2020 - Zameen News","isPartOf":{"@id":"https:\/\/www.zameen.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.zameen.com\/news\/fbr-reforms-implementation-slated-july-2020.html#primaryimage"},"image":{"@id":"https:\/\/www.zameen.com\/news\/fbr-reforms-implementation-slated-july-2020.html#primaryimage"},"thumbnailUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2017\/05\/FBR.jpg","datePublished":"2019-11-22T07:32:04+00:00","dateModified":"2019-11-22T07:32:55+00:00","description":"Islamabad: The Federal Board of Revenue (FBR) has set internal deadlines to prepare the outline of the reforms \u2013 aimed at reorienting the taxation","breadcrumb":{"@id":"https:\/\/www.zameen.com\/news\/fbr-reforms-implementation-slated-july-2020.html#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.zameen.com\/news\/fbr-reforms-implementation-slated-july-2020.html"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.zameen.com\/news\/fbr-reforms-implementation-slated-july-2020.html#primaryimage","url":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2017\/05\/FBR.jpg","contentUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2017\/05\/FBR.jpg","width":600,"height":350},{"@type":"BreadcrumbList","@id":"https:\/\/www.zameen.com\/news\/fbr-reforms-implementation-slated-july-2020.html#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.zameen.com\/news"},{"@type":"ListItem","position":2,"name":"FBR reforms&#8217; implementation slated for July 2020"}]},{"@type":"WebSite","@id":"https:\/\/www.zameen.com\/news\/#website","url":"https:\/\/www.zameen.com\/news\/","name":"Pakistan Real Estate News &amp; Pakistan Property News &amp; Latest Updates - Zameen News","description":"","publisher":{"@id":"https:\/\/www.zameen.com\/news\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.zameen.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.zameen.com\/news\/#organization","name":"Zameen.com","alternateName":"Zameen","url":"https:\/\/www.zameen.com\/news\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.zameen.com\/news\/#\/schema\/logo\/image\/","url":"https:\/\/news-cdn.zameen.com\/wp-content\/upload\/2015\/09\/Zameen.com_-_Logo.png","contentUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/upload\/2015\/09\/Zameen.com_-_Logo.png","width":600,"height":300,"caption":"Zameen.com"},"image":{"@id":"https:\/\/www.zameen.com\/news\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/ZameenPK","https:\/\/x.com\/ZameenProperty","https:\/\/www.instagram.com\/zameenpk\/"]},{"@type":"Person","@id":"https:\/\/www.zameen.com\/news\/#\/schema\/person\/5cf08f4e92a249b4f3a8868996bfa6d6","name":"misha shahid","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/947b043e3ca8541b5666523eb41b7213e3b57d98f2f3fe9c9babe619071694e5?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/947b043e3ca8541b5666523eb41b7213e3b57d98f2f3fe9c9babe619071694e5?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/947b043e3ca8541b5666523eb41b7213e3b57d98f2f3fe9c9babe619071694e5?s=96&d=mm&r=g","caption":"misha shahid"},"url":"https:\/\/www.zameen.com\/news\/author\/misha"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts\/57864","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/users\/74"}],"replies":[{"embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/comments?post=57864"}],"version-history":[{"count":1,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts\/57864\/revisions"}],"predecessor-version":[{"id":57865,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts\/57864\/revisions\/57865"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/media\/25713"}],"wp:attachment":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/media?parent=57864"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/categories?post=57864"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/tags?post=57864"},{"taxonomy":"persona","embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/persona?post=57864"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}