tax collection Archives - Page 9 of 10

FBR collection target may be fixed at Rs5,829 billion for 2021/2022

June 2, 2021June 2, 2021Mrs. Anjum Shahnawaz

ISLAMABAD: The government likely to fix Rs5,829 billion as revenue collection target for next fiscal year 2021/2022, sources said on Wednesday. The tax target for the next fiscal year is around Rs134 billion less than the projected revenue collection by the International Monetary Fund (IMF). The IMF has projected an amount of Rs5,963 billion as […]

FBR’s tax collection projected at Rs4,691 billion for current fiscal year

April 9, 2021January 1, 2024Mrs. Anjum Shahnawaz

The Federal Board of Revenue (FBR) is facing a projected revenue collection shortfall of Rs272 billion for the current fiscal year, according to the International Monetary Fund (IMF).

FY21 tax target requires Rs2,393 billion or 53.4 percent growth in next five months

January 31, 2021January 31, 2021Mrs. Anjum Shahnawaz

ISLAMABAD: Federal Board of Revenue (FBR) needs to collect an amount of Rs2,393 billion during next five months of fiscal year 2020/2021 (FY21) to achieve the annual target of Rs4,963 billion. According to provisional revenue figures released on Saturday, the FBR collected Rs2,570 billion during July – January 2020/2021 as compared with Rs2,416 billion in […]

SBP directs banks to extend working hours for duty, tax collection

November 29, 2020November 29, 2020Mrs. Anjum Shahnawaz

KARACHI: State Bank of Pakistan (SBP) on Sunday directed all banks to observe extended working hours to facilitate collection of duty and taxes on Monday November 30, 2020. A notification issued by the central bank, stated that in order to facilitate the collection of government receipts / duties / taxes, it has been decided that […]

Revenue grows by 3.8 percent; FBR collects Rs1,337 billion in four months

November 2, 2020November 2, 2020Mrs. Anjum Shahnawaz

ISLAMABAD: Federal Board of Revenue (FBR) has achieved 3.8 percent growth in revenue collection during first four months of the current fiscal year, a statement said on Monday. The FBR collected Rs1,337 billion during July – October 2020/2021 as compared with Rs1,288 billion collected in the corresponding period of the last fiscal year. The breakup […]

Manual tax collection to be eliminated by January: SBP

October 31, 2020October 31, 2020Mrs. Anjum Shahnawaz

KARACHI: The manual collection of taxes will be eliminated by January 2021 and in this regard Federal Board of Revenue (FBR) and State Bank of Pakistan (SBP) have agreed on the timelines. The central bank in a report said that the timelines were agreed with FBR to gradually eliminate the manual tax collections by January […]

FBR offices to remain open late hours for tax collection

September 29, 2020August 27, 2024Mrs. Anjum Shahnawaz

ISLAMABAD: In a bid to assist taxpayers in meeting their obligations before the end of the month, the Federal Board of Revenue (FBR) has directed its Inland Revenue field offices to remain open for extended hours on Wednesday, September 30, 2020. This decision aims to facilitate the payment of duties and taxes on the last […]

Tax collection target of Rs4.96 trillion for 2020/2021 achievable

June 25, 2020April 16, 2024Mrs. Anjum Shahnawaz

ISLAMABAD: Hammad Azhar, Minister for Industries and Production, has said that the tax collection target of Rs4.96 trillion assigned to Federal Board of Revenue (FBR) during next fiscal year is achievable.

IR offices to observe extended working hours on Feb 28 for revenue collection

February 27, 2020April 10, 2021Mrs. Anjum Shahnawaz

KARACHI: The offices of Inland Revenue will observe extended working hours on Friday, February 28, 2020 to facilitate taxpayers in payment of due taxes and filing of tax returns. The Federal Board of Revenue (FBR) in an office orders issued to Large Taxpayers Units (LTUs) Corporate Regional Tax Offices (CRTOs) and RTOs, directed to observe […]

FBR advised to enhance monitoring, enforcement for achieving annual targets

February 26, 2020August 22, 2025Mrs. Anjum Shahnawaz

ISLAMABAD: The ministry of finance has advised Federal Board of Revenue (FBR) to enhance monitoring and enforcement in order to achieve annual targets.

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