{"id":90680,"date":"2022-12-13T12:00:00","date_gmt":"2022-12-13T07:00:00","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=90680"},"modified":"2022-12-13T16:53:26","modified_gmt":"2022-12-13T11:53:26","slug":"fbr-ordinance-revised-tax-collection","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/fbr-ordinance-revised-tax-collection.html","title":{"rendered":"FBR drafts ordinance for revised tax collection"},"content":{"rendered":"\n<p>Islamabad: The Federal Board of Revenue (FBR) has drafted a new tax ordinance (second amendment) for changes in the tax ordinance of 2022 for additional tax collection, news sources reported on December 13.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/fbr-cvt-relief-reko-diq-company.html\" data-type=\"post\" data-id=\"90678\" target=\"_blank\" rel=\"noreferrer noopener\">FBR extends CVT relief to Reko Diq Mining Company<\/a>\u00a0<\/p>\n\n\n\n<p>The new tax ordinance, which has been presented to the Finance Ministry to be forwarded to the National Assembly Secretariat, includes an additional PKR 36 billion in taxes imposed on the tobacco industry as well as an exemption of sales tax for single-cylinder agriculture diesel engines and a <a href=\"https:\/\/www.zameen.com\/news\/fbr-cvt-relief-reko-diq-company.html\" data-type=\"post\" data-id=\"90678\" target=\"_blank\" rel=\"noreferrer noopener\">capital value tax (CVT) <\/a>exemption for passenger\/goods transport vehicles and foreign diplomatic vehicles. It also restores the old tax schemes for small traders and retailers that were in place before the Finance Act of 2022. After approval from the National Assembly, the ordinance will be in effect for a period of 120 days.\u00a0<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/fbr-auction-intellectual-property-rights-defaulters.html\" data-type=\"post\" data-id=\"90462\" target=\"_blank\" rel=\"noreferrer noopener\">FBR to auction intellectual property rights, other assets of tax defaulters<\/a><\/p>\n\n\n\n<p>It is pertinent to mention that the FBR has set a tax collection target of PKR 965 billion for December, which is 61% higher than the revenue collected in the same month last year, and a total tax collection target of PKR 7.4 trillion for the tax year 2022\u201323.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The Federal Board of Revenue (FBR) has drafted a new tax ordinance (second amendment) for changes in the tax ordinance of 2022 for additional tax collection, news sources reported on December 13. Read: FBR extends CVT relief to Reko Diq Mining Company\u00a0 The new tax ordinance, which has been presented to the Finance Ministry to be forwarded to the National Assembly Secretariat, includes an additional PKR 36 billion in taxes imposed on the tobacco industry as well as an exemption of sales tax for single-cylinder agriculture diesel engines and a capital value tax (CVT) exemption for passenger\/goods transport vehicles and foreign diplomatic vehicles. It also restores the old tax schemes for small traders and retailers that were in place before the Finance Act of 2022. After approval from the National Assembly, the ordinance will be in effect for a period of 120 days.\u00a0 Read: FBR to auction intellectual property rights, other assets of tax defaulters It is pertinent to mention that the FBR has set a tax collection target of PKR 965 billion for December, which is 61% higher than the revenue collected in the same month last year, and a total tax collection target of PKR 7.4 trillion&hellip;<\/p>\n","protected":false},"author":84,"featured_media":75334,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15017],"tags":[55433,55434],"persona":[],"class_list":{"0":"post-90680","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-notices-announcements","8":"tag-fbr-drafts-ordinance-for-revised-tax-collection","9":"tag-fbr-updates","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 drafts ordinance for revised tax collection - Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: The Federal Board of Revenue (FBR) has drafted a new tax ordinance (second amendment) for changes in the tax ordinance of 2022 for additional\" \/>\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-ordinance-revised-tax-collection.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FBR drafts ordinance for revised tax collection - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Islamabad: The Federal Board of Revenue (FBR) has drafted a new tax ordinance (second amendment) for changes in the tax ordinance of 2022 for additional\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/fbr-ordinance-revised-tax-collection.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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