{"id":68834,"date":"2020-08-03T17:40:17","date_gmt":"2020-08-03T12:40:17","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=68834"},"modified":"2020-08-03T17:40:18","modified_gmt":"2020-08-03T12:40:18","slug":"fy2020-21-fbr-outperforms-first-months-collection-target","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/fy2020-21-fbr-outperforms-first-months-collection-target.html","title":{"rendered":"FY2020-21: FBR outperforms on first month\u2019s collection target"},"content":{"rendered":"\n<p>Islamabad: The Federal Board of Revenue (FBR) has notified exceeding the PKR 243 billion collection target previously set for the first month of the current fiscal year (FY2020-21) by PKR 57 billion; with this surplus figure having been attained during the revenue collection spell of the previous month \u2014 a news source reported on July 31.<\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/fixed-tax-scheme-construction-sector-fbr-explains-rules-availing-exemption.html\" target=\"_blank\" rel=\"noreferrer noopener\">Fixed Tax Scheme for Construction Sector: FBR explains rules for availing exemption<\/a><\/p>\n\n\n\n<p>According to the data released by the FBR, the revenue body collected PKR 300 billion as compared to the collection target of PKR 243 billion \u2014 nearly 125% of the total target. The collection during the previous fiscal year had stood at PKR 236 billion for the month of July.<\/p>\n\n\n\n<p>Additionally, the custom duty collected during the month stood at PKR 42 billion, which is 6% higher than the amount collected during the same period in the previous fiscal year.<\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/fbr-sales-tax-portal-cover-most-documented-sectors-first-phase.html\" target=\"_blank\" rel=\"noreferrer noopener\">FBR\u2019s sales tax portal to cover most-documented sectors in first phase<\/a><\/p>\n\n\n\n<p>The FBR has attributed this growth to several factors. These include improved supervision, administrative control and engagement with trade and industry to address their grievances on time, as well as the various incentive packages offered by the government to boost businesses during the ongoing lockdown period. All these factors combined have thus allowed the FBR and the country\u2019s business community to improve their collaboration, despite the negative impact of the coronavirus pandemic.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The Federal Board of Revenue (FBR) has notified exceeding the PKR 243 billion collection target previously set for the first month of the current fiscal year (FY2020-21) by PKR 57 billion; with this surplus figure having been attained during the revenue collection spell of the previous month \u2014 a news source reported on July 31. Read: Fixed Tax Scheme for Construction Sector: FBR explains rules for availing exemption According to the data released by the FBR, the revenue body collected PKR 300 billion as compared to the collection target of PKR 243 billion \u2014 nearly 125% of the total target. The collection during the previous fiscal year had stood at PKR 236 billion for the month of July. Additionally, the custom duty collected during the month stood at PKR 42 billion, which is 6% higher than the amount collected during the same period in the previous fiscal year. Read: FBR\u2019s sales tax portal to cover most-documented sectors in first phase The FBR has attributed this growth to several factors. These include improved supervision, administrative control and engagement with trade and industry to address their grievances on time, as well as the various incentive packages offered by the government to&hellip;<\/p>\n","protected":false},"author":57,"featured_media":59990,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15017],"tags":[19230,36210,20216],"persona":[],"class_list":{"0":"post-68834","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-notices-announcements","8":"tag-federal-board-of-revenue-fbr","9":"tag-fy2020-21-fbr-outperforms-on-first-months-collection-target","10":"tag-revenue-collection-target","11":"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>FY2020-21: FBR outperforms on first month\u2019s collection - Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: The Federal Board of Revenue (FBR) has notified exceeding the PKR 243 billion collection target previously set for the first month of the current fiscal year (FY2020-21) by PKR 57 billion; 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