{"id":67397,"date":"2020-07-01T17:04:10","date_gmt":"2020-07-01T12:04:10","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=67397"},"modified":"2020-07-01T17:04:16","modified_gmt":"2020-07-01T12:04:16","slug":"fbr-meets-revised-collection-target-before-fiscal-year-end","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/fbr-meets-revised-collection-target-before-fiscal-year-end.html","title":{"rendered":"FBR meets revised collection target before fiscal year end"},"content":{"rendered":"\n<p>Islamabad: The Federal Board of Revenue (FBR) on Tuesday announced that it had successfully met and crossed the revised collection target for (Fiscal Year) FY2019-20 by collecting PKR 3.957 trillion as opposed to the revised target of PKR 3.907 trillion \u2014 a news source reported. As a result, the tax authority managed to collect PKR 50 billion more than the updated goal.<\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/covid-19-outbreak-fbr-expected-to-miss-its-target-for-fy2019-20.html\" target=\"_blank\" rel=\"noreferrer noopener\">COVID-19 outbreak: FBR expected to miss its target for FY2019-20<\/a><\/p>\n\n\n\n<p>Previously, the collection targets had been revised owing to the coronavirus pandemic and the resulting lockdown instituted to fight its spread.<\/p>\n\n\n\n<p>However, the FBR still managed to surpass its June target by PKR 13 billion \u2014 with the authority making collections worth PKR 411 billion, as opposed to the original target set at PKR 398 billion. In addition, the FBR achieved a gross revenue of PKR 4 trillion for the first time in its history.<\/p>\n\n\n\n<p>Moreover, the board further succeeded in collecting nearly PKR 64 billion under the government\u2019s asset declaration scheme that has now come to an end. The scheme had been launched back in 2019, and resulted in funds worth 53 billion being collected during the year \u2014 with an additional 11 billion collected during 2020.<\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/fbr-announces-revenue-collection-target-fy2020-21.html\" target=\"_blank\" rel=\"noreferrer noopener\">FBR announces revenue collection target for FY2020-21<\/a><\/p>\n\n\n\n<p>An FBR spokesperson stated that legal action would be taken against the individuals who chose not to avail the government\u2019s amnesty scheme. In case of non-compliance, the accused would have to pay fines, with other punishments including seizure of properties and imprisonment.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The Federal Board of Revenue (FBR) on Tuesday announced that it had successfully met and crossed the revised collection target for (Fiscal Year) FY2019-20 by collecting PKR 3.957 trillion as opposed to the revised target of PKR 3.907 trillion \u2014 a news source reported. As a result, the tax authority managed to collect PKR 50 billion more than the updated goal. Read: COVID-19 outbreak: FBR expected to miss its target for FY2019-20 Previously, the collection targets had been revised owing to the coronavirus pandemic and the resulting lockdown instituted to fight its spread. However, the FBR still managed to surpass its June target by PKR 13 billion \u2014 with the authority making collections worth PKR 411 billion, as opposed to the original target set at PKR 398 billion. In addition, the FBR achieved a gross revenue of PKR 4 trillion for the first time in its history. Moreover, the board further succeeded in collecting nearly PKR 64 billion under the government\u2019s asset declaration scheme that has now come to an end. The scheme had been launched back in 2019, and resulted in funds worth 53 billion being collected during the year \u2014 with an additional 11 billion collected during&hellip;<\/p>\n","protected":false},"author":57,"featured_media":61403,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15017],"tags":[33361,20216],"persona":[],"class_list":{"0":"post-67397","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-notices-announcements","8":"tag-fbr-meets-revised-collection-target-before-fiscal-year-end","9":"tag-revenue-collection-target","10":"cat-15017-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 meets revised collection target before fiscal year end - Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: The Federal Board of Revenue (FBR) on Tuesday announced that it had successfully met and crossed the revised collection target for (Fiscal Year) FY2019-20 by collecting PKR 3.957 trillion as opposed to the revised target of PKR 3.907 trillion \u2014 a news source reported.\" \/>\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-meets-revised-collection-target-before-fiscal-year-end.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FBR meets revised collection target before fiscal year end - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Islamabad: The Federal Board of Revenue (FBR) on Tuesday announced that it had successfully met and crossed the revised collection target for (Fiscal Year) FY2019-20 by collecting PKR 3.957 trillion as opposed to the revised target of PKR 3.907 trillion \u2014 a news source reported.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/fbr-meets-revised-collection-target-before-fiscal-year-end.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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