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FBR fears a revenue shortfall of more than 20 billion rupees this month

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FBR has decided to keep offices open on Saturdays and Sundays as well – File: Mon

Islam Abad: The Federal Board of Revenue (FBR) fears a revenue shortfall of more than 20 billion rupees during this month (March), while in order to achieve the targets, the FBR and its subsidiaries will bring the weekly holidays ending on Saturdays and Sundays. It was announced that it will be open until four o’clock at night.

In the circular issued by FBR, it is said that FBR and its affiliated institutions and affiliated bank branches will remain open till 4 pm on Saturday, March 30 and Sunday, March 31, so that taxpayers can deposit their tax dues in banks can.

The FBR has asked the Heads of Field Formations to contact the branches of the respective banks so that the tax dues deposited by the tax payers on these two days are deposited in the national treasury on the same day concerned with tax recovery March can be secured.

FBR sources say that the tax collection target for the current month (March) has been set at 879 billion rupees by the Federal Board of Revenue, while 835 billion rupees could be collected till March 29, which is 44 times more than the target set. billion rupees less.

He said that even with the IMF, the FBR has set a tax collection target of Rs 879 billion in March, while the FBR’s tax collection for the first nine months of the current financial year 2023-24 (July to March 2023-24 ) has The collection target is 6 thousand 707 billion rupees and so far 6 thousand 666 billion rupees have been collected.

FBR has therefore announced that it will keep offices and banks open on Saturdays and Sundays for tax collection as the target set is likely to be reached.

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