{"id":97815,"date":"2024-07-05T11:22:24","date_gmt":"2024-07-05T06:22:24","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=97815"},"modified":"2024-07-05T11:22:26","modified_gmt":"2024-07-05T06:22:26","slug":"fbr-pkr-78-bn-lost-to-tax-exemptions-annually","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/fbr-pkr-78-bn-lost-to-tax-exemptions-annually.html","title":{"rendered":"FBR reports PKR 78 bn annual revenue loss from tax exemptions"},"content":{"rendered":"\n<p>Islamabad: The Federal Board of Revenue&#8217;s 2024 Tax Expenditure Report highlights significant revenue losses due to tax exemptions, as reported on July 7.<\/p>\n\n\n\n<p><strong>Read: <\/strong><a href=\"https:\/\/www.zameen.com\/news\/fto-orders-fbr-to-recover-withholding-tax.html\" target=\"_blank\" rel=\"noreferrer noopener\">FTO orders FBR to recover withholding tax shortfall from NHA<\/a><\/p>\n\n\n\n<p>According to the details, Income tax exemptions granted to pensionePKR&nbsp; alone resulted in an annual revenue loss of PKR 78 billion. The report also reveals that the top 10 sectors&nbsp; benefited disproportionately from income tax exemptions, totaling PKR 459.16 billion, which accounts for 96.27% of the total income tax expenditure.&nbsp;<\/p>\n\n\n\n<p>Additionally, tax exemptions in various sector\u00a0 have had substantial financial impacts:<\/p>\n\n\n\n<p><strong>Read: <\/strong><a href=\"https:\/\/www.zameen.com\/news\/fbr-extends-office-hours-nationwide.html\" target=\"_blank\" rel=\"noreferrer noopener\">FBR extends office hours nationwide to meet annual tax target<\/a><\/p>\n\n\n\n<p>&#8211; The financial sector&nbsp; experienced a revenue loss of PKR 115 billion.<\/p>\n\n\n\n<p>&#8211; Social security exemptions led to a loss of PKR 60 billion.<\/p>\n\n\n\n<p>&#8211; The state apparatus suffered a negative impact of PKR 57 billion.<\/p>\n\n\n\n<p>&#8211; Energy and mining sector saw a revenue loss of PKR 41 billion.<\/p>\n\n\n\n<p>&#8211; The health and pharmaceutical sector had exemptions totaling PKR 14 billion.<\/p>\n\n\n\n<p>These exemptions collectively contribute to significant revenue reductions, affecting the national budget and financial planning.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The Federal Board of Revenue&#8217;s 2024 Tax Expenditure Report highlights significant revenue losses due to tax exemptions, as reported on July 7. Read: FTO orders FBR to recover withholding tax shortfall from NHA According to the details, Income tax exemptions granted to pensionePKR&nbsp; alone resulted in an annual revenue loss of PKR 78 billion. The report also reveals that the top 10 sectors&nbsp; benefited disproportionately from income tax exemptions, totaling PKR 459.16 billion, which accounts for 96.27% of the total income tax expenditure.&nbsp; Additionally, tax exemptions in various sector\u00a0 have had substantial financial impacts: Read: FBR extends office hours nationwide to meet annual tax target &#8211; The financial sector&nbsp; experienced a revenue loss of PKR 115 billion. &#8211; Social security exemptions led to a loss of PKR 60 billion. &#8211; The state apparatus suffered a negative impact of PKR 57 billion. &#8211; Energy and mining sector saw a revenue loss of PKR 41 billion. &#8211; The health and pharmaceutical sector had exemptions totaling PKR 14 billion. These exemptions collectively contribute to significant revenue reductions, affecting the national budget and financial planning.<\/p>\n","protected":false},"author":89,"featured_media":75334,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15015],"tags":[3362,19230,1684,1397,58690,58693,543,58317,54568],"persona":[],"class_list":{"0":"post-97815","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-legal-taxation","8":"tag-fbr","9":"tag-federal-board-of-revenue-fbr","10":"tag-islamabad-news","11":"tag-lahore-news","12":"tag-news-and-updatws","13":"tag-property-isb-tax","14":"tag-property-tax","15":"tag-tax-news","16":"tag-zameen-news","17":"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 PKR 78 bn Lost to Tax Exemptions Annually - Zameen News<\/title>\n<meta name=\"description\" content=\"The Federal Board of Revenue&#039;s 2024 Tax Expenditure Report highlights significant revenue losses due to tax exemptions.\" \/>\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-pkr-78-bn-lost-to-tax-exemptions-annually.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FBR PKR 78 bn Lost to Tax Exemptions Annually - Zameen News\" \/>\n<meta property=\"og:description\" content=\"The Federal Board of Revenue&#039;s 2024 Tax Expenditure Report highlights significant revenue losses due to tax exemptions.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/fbr-pkr-78-bn-lost-to-tax-exemptions-annually.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=\"2024-07-05T06:22:24+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-07-05T06:22:26+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2021\/04\/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=\"Sabahat Abid\" \/>\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=\"Sabahat Abid\" \/>\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":"FBR PKR 78 bn Lost to Tax Exemptions Annually - Zameen News","description":"The Federal Board of Revenue's 2024 Tax Expenditure Report highlights significant revenue losses due to tax exemptions.","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\/fbr-pkr-78-bn-lost-to-tax-exemptions-annually.html","og_locale":"en_US","og_type":"article","og_title":"FBR PKR 78 bn Lost to Tax Exemptions Annually - Zameen News","og_description":"The Federal Board of Revenue's 2024 Tax Expenditure Report highlights significant revenue losses due to tax exemptions.","og_url":"https:\/\/www.zameen.com\/news\/fbr-pkr-78-bn-lost-to-tax-exemptions-annually.html","og_site_name":"Pakistan Real Estate News &amp; Pakistan Property News &amp; Latest Updates - Zameen News","article_publisher":"https:\/\/www.facebook.com\/ZameenPK","article_published_time":"2024-07-05T06:22:24+00:00","article_modified_time":"2024-07-05T06:22:26+00:00","og_image":[{"width":1170,"height":400,"url":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2021\/04\/FBR.jpg","type":"image\/jpeg"}],"author":"Sabahat Abid","twitter_card":"summary_large_image","twitter_creator":"@ZameenProperty","twitter_site":"@ZameenProperty","twitter_misc":{"Written by":"Sabahat Abid","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/www.zameen.com\/news\/fbr-pkr-78-bn-lost-to-tax-exemptions-annually.html#article","isPartOf":{"@id":"https:\/\/www.zameen.com\/news\/fbr-pkr-78-bn-lost-to-tax-exemptions-annually.html"},"author":{"name":"Sabahat Abid","@id":"https:\/\/www.zameen.com\/news\/#\/schema\/person\/9db33618e4b5dfe90a74f6cd07923d16"},"headline":"FBR reports PKR 78 bn annual revenue loss from tax exemptions","datePublished":"2024-07-05T06:22:24+00:00","dateModified":"2024-07-05T06:22:26+00:00","mainEntityOfPage":{"@id":"https:\/\/www.zameen.com\/news\/fbr-pkr-78-bn-lost-to-tax-exemptions-annually.html"},"wordCount":186,"commentCount":0,"publisher":{"@id":"https:\/\/www.zameen.com\/news\/#organization"},"image":{"@id":"https:\/\/www.zameen.com\/news\/fbr-pkr-78-bn-lost-to-tax-exemptions-annually.html#primaryimage"},"thumbnailUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2021\/04\/FBR.jpg","keywords":["FBR","Federal Board of Revenue (FBR)","Islamabad news","lahore news","news and updatws","property isb tax","Property tax","tax news","Zameen news"],"articleSection":["Legal &amp; Taxation"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.zameen.com\/news\/fbr-pkr-78-bn-lost-to-tax-exemptions-annually.html#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.zameen.com\/news\/fbr-pkr-78-bn-lost-to-tax-exemptions-annually.html","url":"https:\/\/www.zameen.com\/news\/fbr-pkr-78-bn-lost-to-tax-exemptions-annually.html","name":"FBR PKR 78 bn Lost to Tax Exemptions Annually - Zameen News","isPartOf":{"@id":"https:\/\/www.zameen.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.zameen.com\/news\/fbr-pkr-78-bn-lost-to-tax-exemptions-annually.html#primaryimage"},"image":{"@id":"https:\/\/www.zameen.com\/news\/fbr-pkr-78-bn-lost-to-tax-exemptions-annually.html#primaryimage"},"thumbnailUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2021\/04\/FBR.jpg","datePublished":"2024-07-05T06:22:24+00:00","dateModified":"2024-07-05T06:22:26+00:00","description":"The Federal Board of Revenue's 2024 Tax Expenditure Report highlights significant revenue losses due to tax exemptions.","breadcrumb":{"@id":"https:\/\/www.zameen.com\/news\/fbr-pkr-78-bn-lost-to-tax-exemptions-annually.html#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.zameen.com\/news\/fbr-pkr-78-bn-lost-to-tax-exemptions-annually.html"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.zameen.com\/news\/fbr-pkr-78-bn-lost-to-tax-exemptions-annually.html#primaryimage","url":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2021\/04\/FBR.jpg","contentUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2021\/04\/FBR.jpg","width":1170,"height":400},{"@type":"BreadcrumbList","@id":"https:\/\/www.zameen.com\/news\/fbr-pkr-78-bn-lost-to-tax-exemptions-annually.html#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.zameen.com\/news"},{"@type":"ListItem","position":2,"name":"FBR reports PKR 78 bn annual revenue loss from tax exemptions"}]},{"@type":"WebSite","@id":"https:\/\/www.zameen.com\/news\/#website","url":"https:\/\/www.zameen.com\/news\/","name":"Pakistan Real Estate News &amp; Pakistan Property News &amp; Latest Updates - Zameen News","description":"","publisher":{"@id":"https:\/\/www.zameen.com\/news\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.zameen.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.zameen.com\/news\/#organization","name":"Zameen.com","alternateName":"Zameen","url":"https:\/\/www.zameen.com\/news\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.zameen.com\/news\/#\/schema\/logo\/image\/","url":"https:\/\/news-cdn.zameen.com\/wp-content\/upload\/2015\/09\/Zameen.com_-_Logo.png","contentUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/upload\/2015\/09\/Zameen.com_-_Logo.png","width":600,"height":300,"caption":"Zameen.com"},"image":{"@id":"https:\/\/www.zameen.com\/news\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/ZameenPK","https:\/\/x.com\/ZameenProperty","https:\/\/www.instagram.com\/zameenpk\/"]},{"@type":"Person","@id":"https:\/\/www.zameen.com\/news\/#\/schema\/person\/9db33618e4b5dfe90a74f6cd07923d16","name":"Sabahat Abid","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/01\/Avatar-Icon-96x96.jpg","url":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/01\/Avatar-Icon-96x96.jpg","contentUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2020\/01\/Avatar-Icon-96x96.jpg","caption":"Sabahat Abid"},"description":"Sabahat Abid is a content creator at Zameen Media, illuminating the real estate landscape with her engaging writing.","url":"https:\/\/www.zameen.com\/news\/author\/sabahat-abid"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts\/97815","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/users\/89"}],"replies":[{"embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/comments?post=97815"}],"version-history":[{"count":1,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts\/97815\/revisions"}],"predecessor-version":[{"id":97816,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts\/97815\/revisions\/97816"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/media\/75334"}],"wp:attachment":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/media?parent=97815"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/categories?post=97815"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/tags?post=97815"},{"taxonomy":"persona","embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/persona?post=97815"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}