{"id":71079,"date":"2020-10-02T12:25:11","date_gmt":"2020-10-02T07:25:11","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=71079"},"modified":"2020-10-02T12:25:12","modified_gmt":"2020-10-02T07:25:12","slug":"fbr-succeeds-in-collecting-almost-a-trillion-in-revenue","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/fbr-succeeds-in-collecting-almost-a-trillion-in-revenue.html","title":{"rendered":"FBR succeeds in collecting almost a trillion in revenue"},"content":{"rendered":"\n<p>Islamabad: The Federal Board of Revenue (FBR) recently succeeded in collecting provisional revenue worth PKR 993 billion in the first quarter of the (fiscal year) FY2020-21 \u2014 with the authority managing to surpass its original target of PKR 969 billion by PKR 24 billion, according to a news source published on October 1.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/fbr-deadline-to-file-income-tax-returns-for-tax-year-2020-extended.html\" target=\"_blank\" rel=\"noreferrer noopener\">FBR deadline to file income tax returns for Tax Year 2020 extended<\/a><\/p>\n\n\n\n<p>However, during the month of September, the <a href=\"https:\/\/www.zameen.com\/news\/amnesty-schemes-beneficiaries-exempted-from-audi.html\" target=\"_blank\" rel=\"noreferrer noopener\">FBR<\/a> failed to match its collection target of PKR 418 billion by only managing to collect PKR 400 billion \u2014 missing its target by PKR 18 billion.<\/p>\n\n\n\n<p>Meanwhile, keeping in view the low number of income tax returns filed by individuals and firms, the board has extended the deadline for filing income tax returns to December 8. Up until the previous deadline expired on September 30, less than 300,000 returns had been filed. The official revenue collection figures, however, are yet to be released. <\/p>\n\n\n\n<p><strong>Read:<\/strong><a href=\"https:\/\/www.zameen.com\/news\/fbr-seeks-supplementary-grant-address-pending-tax-refund-claims.html\"> <\/a><a href=\"https:\/\/www.zameen.com\/news\/fbr-seeks-supplementary-grant-address-pending-tax-refund-claims.html\" target=\"_blank\" rel=\"noreferrer noopener\">FBR seeks supplementary grant to address pending tax refund claims<\/a><\/p>\n\n\n\n<p>The FBR targets for the second half of the FY2020-21 were slightly relaxed in order to make revenue collection more efficient \u201con the pretext that full fledge economic activities would be resumed in the second half of the current fiscal year\u201d.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The Federal Board of Revenue (FBR) recently succeeded in collecting provisional revenue worth PKR 993 billion in the first quarter of the (fiscal year) FY2020-21 \u2014 with the authority managing to surpass its original target of PKR 969 billion by PKR 24 billion, according to a news source published on October 1. Read: FBR deadline to file income tax returns for Tax Year 2020 extended However, during the month of September, the FBR failed to match its collection target of PKR 418 billion by only managing to collect PKR 400 billion \u2014 missing its target by PKR 18 billion. Meanwhile, keeping in view the low number of income tax returns filed by individuals and firms, the board has extended the deadline for filing income tax returns to December 8. Up until the previous deadline expired on September 30, less than 300,000 returns had been filed. The official revenue collection figures, however, are yet to be released. Read: FBR seeks supplementary grant to address pending tax refund claims The FBR targets for the second half of the FY2020-21 were slightly relaxed in order to make revenue collection more efficient \u201con the pretext that full fledge economic activities would be resumed&hellip;<\/p>\n","protected":false},"author":75,"featured_media":59990,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15015],"tags":[40653,40652,19230],"persona":[],"class_list":{"0":"post-71079","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-legal-taxation","8":"tag-fbr-revenue-collection","9":"tag-fbr-succeeds-in-collecting-almost-a-trillion-in-revenue","10":"tag-federal-board-of-revenue-fbr","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 succeeds in collecting almost a trillion in revenue - Zameen News<\/title>\n<meta name=\"description\" content=\"Meanwhile, keeping in view low number of income tax returns filed by individuals, the board has extended the deadline for filing income tax returns\" \/>\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-succeeds-in-collecting-almost-a-trillion-in-revenue.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FBR succeeds in collecting almost a trillion in revenue - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Meanwhile, keeping in view low number of income tax returns filed by individuals, the board has extended the deadline for filing income tax returns\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/fbr-succeeds-in-collecting-almost-a-trillion-in-revenue.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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