{"id":64930,"date":"2020-05-01T09:55:00","date_gmt":"2020-05-01T04:55:00","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=64930"},"modified":"2020-04-30T16:25:52","modified_gmt":"2020-04-30T11:25:52","slug":"fbr-mulls-over-imposing-super-corona-tax-on-rich","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/fbr-mulls-over-imposing-super-corona-tax-on-rich.html","title":{"rendered":"FBR mulls over imposing Super Corona Tax on rich to fight pandemic&#8217;s economic impact"},"content":{"rendered":"\n<p>Islamabad: The Federal Board of Revenue (FBR) is mulling various proposals to impose a &#8216;Super Corona Tax&#8217; on the affluent section of the society to fight the pandemic&#8217;s economic impact \u2013 slated for announcement in the upcoming Budget 2020-21, according to news sources.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/fbr-urged-exempt-all-sectors-declaring-income-sources.html\" target=\"_blank\" rel=\"noreferrer noopener\">FBR urged to exempt all sectors from declaring income sources<\/a><\/p>\n\n\n\n<p>Sources, citing an official from the FBR, says that the said tax type was being devised by various countries and Pakistan can similarly benefit from the tax in helping generate additional revenue to combat the economic impacts of the coronavirus and cushion the blow.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/fbr-to-issue-fresh-notifications-to-potential-taxpayers.html\" target=\"_blank\" rel=\"noreferrer noopener\">FBR to issue fresh notifications to potential taxpayers<\/a><\/p>\n\n\n\n<p>The source revealed that if imposed, the Super Corona Tax will bring the people earning in the <a href=\"https:\/\/www.zameen.com\/news\/fbr-register-monitor-12-business-fields-eight-cities.html\" target=\"_blank\" rel=\"noreferrer noopener\">high-income bracket<\/a> \u2013 individuals in both salaried and non-salaried categories \u2013 under the federal tax net.<\/p>\n\n\n\n<p>However, another FBR official was of the view that if the economic activities are fully-revived from the beginning of the FY2020-21, then the revenue collection target of PKR 5.1 trillion can be achieved without introducing the newly proposed tax.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The Federal Board of Revenue (FBR) is mulling various proposals to impose a &#8216;Super Corona Tax&#8217; on the affluent section of the society to fight the pandemic&#8217;s economic impact \u2013 slated for announcement in the upcoming Budget 2020-21, according to news sources. Read: FBR urged to exempt all sectors from declaring income sources Sources, citing an official from the FBR, says that the said tax type was being devised by various countries and Pakistan can similarly benefit from the tax in helping generate additional revenue to combat the economic impacts of the coronavirus and cushion the blow. Read: FBR to issue fresh notifications to potential taxpayers The source revealed that if imposed, the Super Corona Tax will bring the people earning in the high-income bracket \u2013 individuals in both salaried and non-salaried categories \u2013 under the federal tax net. However, another FBR official was of the view that if the economic activities are fully-revived from the beginning of the FY2020-21, then the revenue collection target of PKR 5.1 trillion can be achieved without introducing the newly proposed tax.<\/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":[27758,19230,27759],"persona":[],"class_list":{"0":"post-64930","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-legal-taxation","8":"tag-fbr-mulls-over-imposing-super-corona-tax-on-rich","9":"tag-federal-board-of-revenue-fbr","10":"tag-super-corona-tax","11":"cat-15015-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>FBR mulls over imposing Super Corona Tax on rich - Zameen News<\/title>\n<meta name=\"description\" content=\"FBR is mulling various proposals to impose a &#039;Super Corona Tax&#039; on the affluent section of the society to fight the pandemic&#039;s economic impact\" \/>\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-over-imposing-super-corona-tax-on-rich.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FBR mulls over imposing Super Corona Tax on rich - Zameen News\" \/>\n<meta property=\"og:description\" content=\"FBR is mulling various proposals to impose a &#039;Super Corona Tax&#039; on the affluent section of the society to fight the pandemic&#039;s economic impact\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/fbr-mulls-over-imposing-super-corona-tax-on-rich.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=\"2020-05-01T04:55:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/02\/FBR.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1170\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Hazafa Hasan\" \/>\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=\"Hazafa Hasan\" \/>\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 mulls over imposing Super Corona Tax on rich - Zameen News","description":"FBR is mulling various proposals to impose a 'Super Corona Tax' on the affluent section of the society to fight the pandemic's economic impact","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-mulls-over-imposing-super-corona-tax-on-rich.html","og_locale":"en_US","og_type":"article","og_title":"FBR mulls over imposing Super Corona Tax on rich - Zameen News","og_description":"FBR is mulling various proposals to impose a 'Super Corona Tax' on the affluent section of the society to fight the pandemic's economic impact","og_url":"https:\/\/www.zameen.com\/news\/fbr-mulls-over-imposing-super-corona-tax-on-rich.html","og_site_name":"Pakistan Real Estate News &amp; 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