{"id":69790,"date":"2020-08-28T10:56:00","date_gmt":"2020-08-28T05:56:00","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=69790"},"modified":"2020-09-28T16:35:29","modified_gmt":"2020-09-28T11:35:29","slug":"improvement-in-system-can-help-fbr-collect-rs-6-trillion","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/improvement-in-system-can-help-fbr-collect-rs-6-trillion.html","title":{"rendered":"\u2018Improvement in system can help FBR collect PKR 6 trillion in taxes\u2019"},"content":{"rendered":"\n<p>Islamabad: The sub-panel of the Public Accounts Committee on Wednesday (August 26) was informed that the Federal Board of Revenue (FBR) could collect PKR 6 trillion in taxes if its internal structure was improved, a news source reported.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/fbr-promises-resolve-key-taxation-issues-promote-growth.html\" target=\"_blank\" rel=\"noreferrer noopener\">FBR promises to resolve key taxation issues to promote growth<\/a><\/p>\n\n\n\n<p>On the occasion, while responding to a question raised by a member of the committee, FBR Chairman Muhammad Javed Ghani revealed that the details of citizens that had made huge transactions in China, Japan, UK and UAE were being acquired. He further stated that the tax authority was being assisted in this regard by the aforementioned countries\u2019 commercial attaches in order to probe the matter further.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/fbr-shares-procedure-of-financial-information-to-be-shared-by-banks.html\" target=\"_blank\" rel=\"noreferrer noopener\">FBR shares procedure of financial information to be shared by banks<\/a><\/p>\n\n\n\n<p>Additionally, while highlighting the current low revenue collection from income tax on services, Ghani mentioned that even though certain sectors had a major share in the GDP, their contribution in taxes was not up to par.<\/p>\n\n\n\n<p>The sub-committee also took the opportunity to review the FBR audit paras from 2005 to 2009 during the session, and also raised concerns over the cases pending with the tribunal.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The sub-panel of the Public Accounts Committee on Wednesday (August 26) was informed that the Federal Board of Revenue (FBR) could collect PKR 6 trillion in taxes if its internal structure was improved, a news source reported. Read: FBR promises to resolve key taxation issues to promote growth On the occasion, while responding to a question raised by a member of the committee, FBR Chairman Muhammad Javed Ghani revealed that the details of citizens that had made huge transactions in China, Japan, UK and UAE were being acquired. He further stated that the tax authority was being assisted in this regard by the aforementioned countries\u2019 commercial attaches in order to probe the matter further. Read: FBR shares procedure of financial information to be shared by banks Additionally, while highlighting the current low revenue collection from income tax on services, Ghani mentioned that even though certain sectors had a major share in the GDP, their contribution in taxes was not up to par. The sub-committee also took the opportunity to review the FBR audit paras from 2005 to 2009 during the session, and also raised concerns over the cases pending with the tribunal.<\/p>\n","protected":false},"author":18,"featured_media":61403,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15015],"tags":[3362,37939,37938],"persona":[],"class_list":{"0":"post-69790","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-legal-taxation","8":"tag-fbr","9":"tag-fbr-tax-collection-ability","10":"tag-improvement-in-system-can-help-fbr-collect-rs-6-trillion","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>\u2018Improvement in system can help FBR collect Rs 6 trillion\u2019 - Zameen News<\/title>\n<meta name=\"description\" content=\"FBR Chairman Muhammad Javed Ghani revealed that the details of citizens that had made huge transactions in China, Japan, UK and UAE...\" \/>\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\/improvement-in-system-can-help-fbr-collect-rs-6-trillion.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"\u2018Improvement in system can help FBR collect Rs 6 trillion\u2019 - Zameen News\" \/>\n<meta property=\"og:description\" content=\"FBR Chairman Muhammad Javed Ghani revealed that the details of citizens that had made huge transactions in China, Japan, UK and UAE...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/improvement-in-system-can-help-fbr-collect-rs-6-trillion.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=\"2020-08-28T05:56:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-09-28T11:35:29+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=\"Samra Zulfiqar\" \/>\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=\"Samra Zulfiqar\" \/>\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":"\u2018Improvement in system can help FBR collect Rs 6 trillion\u2019 - Zameen News","description":"FBR Chairman Muhammad Javed Ghani revealed that the details of citizens that had made huge transactions in China, Japan, UK and UAE...","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\/improvement-in-system-can-help-fbr-collect-rs-6-trillion.html","og_locale":"en_US","og_type":"article","og_title":"\u2018Improvement in system can help FBR collect Rs 6 trillion\u2019 - Zameen News","og_description":"FBR Chairman Muhammad Javed Ghani revealed that the details of citizens that had made huge transactions in China, Japan, UK and UAE...","og_url":"https:\/\/www.zameen.com\/news\/improvement-in-system-can-help-fbr-collect-rs-6-trillion.html","og_site_name":"Pakistan Real Estate News &amp; 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