{"id":63305,"date":"2020-03-28T10:00:00","date_gmt":"2020-03-28T05:00:00","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=63305"},"modified":"2020-03-27T16:17:59","modified_gmt":"2020-03-27T11:17:59","slug":"fbr-mulls-downwards-target-revision","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/fbr-mulls-downwards-target-revision.html","title":{"rendered":"Novel coronavirus outbreak: FBR mulls downwards target revision"},"content":{"rendered":"\n

Karachi: The Federal Board of Revenue (FBR) is considering a downward revision in the assigned collection targets to its field offices in the aftermath of the lockdown implemented as a preventive attempt against the outbreak of novel coronavirus<\/a>, according to news sources.<\/p>\n\n\n\n

Read:<\/strong> FBR shares latest tax filers tally<\/a><\/p>\n\n\n\n

Sources report the revenue authority has directed its field offices to submit their capacity for revenue collection during March 2020 and the remaining of the FY 2019-2020. Previously, FBR was aiming to achieve a 70% increase in the current month as compared to last year\u2019s figures during the same timeframe. Sources speculate FBR\u2019s collection growth to be little over 10% during this month.<\/p>\n\n\n\n

Read:<\/strong> ECC approves PKR 4.15 bn grant for FBR<\/a><\/p>\n\n\n\n

Amidst the coronavirus infection outbreak, an official of the Large Taxpayers Unit (LTU) Karachi said that the sales tax collection on the import stage is diminishing since March 23. The tax authority is expected to face more loses – which might lead to a downwards target, he added. <\/p>\n","protected":false},"excerpt":{"rendered":"

Karachi: The Federal Board of Revenue (FBR) is considering a downward revision in the assigned collection targets to its field offices in the aftermath of the lockdown implemented as a preventive attempt against the outbreak of novel coronavirus, according to news sources. Read: FBR shares latest tax filers tally Sources report the revenue authority has directed its field offices to submit their capacity for revenue collection during March 2020 and the remaining of the FY 2019-2020. Previously, FBR was aiming to achieve a 70% increase in the current month as compared to last year\u2019s figures during the same timeframe. Sources speculate FBR\u2019s collection growth to be little over 10% during this month. Read: ECC approves PKR 4.15 bn grant for FBR Amidst the coronavirus infection outbreak, an official of the Large Taxpayers Unit (LTU) Karachi said that the sales tax collection on the import stage is diminishing since March 23. The tax authority is expected to face more loses – which might lead to a downwards target, he added.<\/p>\n","protected":false},"author":75,"featured_media":61403,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15015],"tags":[24435],"persona":[],"class_list":{"0":"post-63305","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-legal-taxation","8":"tag-novel-coronavirus-outbreak-fbr-mulls-downwards-target-revision","9":"cat-15015-id"},"acf":[],"yoast_head":"\nFBR mulls downwards target revision - Zameen News<\/title>\n<meta name=\"description\" content=\"FBR is considering a downward revision in the assigned collection targets to its field offices in the aftermath of the lockdown\" \/>\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-mulls-downwards-target-revision.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FBR mulls downwards target revision - 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