FBR’s new chief seeks suggestions to increase revenue | CustomNews.pk

FBR’s new chief seeks suggestions to increase revenue

KARACHI: Chairman Federal Board of Revenue (FBR) has invited proposals and recommendations to achieve tax target for current fiscal year. In a letter to all Chief Commissioners and Commissioners of Inland Revenue Service (IRS) and Chief Collectors and Collectors of Pakistan Customs Service (PCS), Chairman FBR sought recommendations and proposals to meet the revenue target of Rs4.96 trillion. FBR needs to meet the assigned revenue target of Rs4.96 trillion for the current year. Officers of IRS and PCS are advised to suggest new administrative and enforcement measures for increasing revenues and plugging any loophole, which may exist at present by July 15. 2020.
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