ISLAMABAD, (MILLAT/APP): The Federal Board of Revenue (FBR)
collected revenues of Rs123 billion during the first fourteen days
of the current month.
The total collection for the month have been targeted at Rs250
million, a top official in the board told APP.
“We are in well position to achieve the revenue target fixed
for this month as almost half of the collections have been made till
February 14,” FBR Member strategic planning ,reforms and statistics/Spokesman Dr Iqbal said.
He said that there has been some little shortfall in the
revenue collection of January 2017, as it fell short by about two
percent against the target.
The total tax collections during the last month stood at Rs228
billion against the target of Rs233 billion, the FBR Member said.
With the collection of first fifteen days of February 2017,
the total tax collection reached over Rs1.85 trillion from July 2016
to February 15, 2017.
There has been growth of about 7 percent during the first half
of the current fiscal year, reflecting catching up of the shortfall
experienced in the initial months.
Answering a question about tax disputes pending with the
Alternative Dispute Resolution Committee (ADRCs), he said that FBR
has been following a proper mechanism to resolve tax related
disputes.
He said that there have been provisions in the tax laws that
provide an opportunity to the taxpayers to finalize and resolve
their tax-related disputes with ADRCs.
He said that the law permits the taxpayers to file their
application with the Alternative Dispute Resolution Committee,
however, the FBR has the mandate to accept or reject the
recommendations of ADRCs.
When asked to comment on the reported tax amnesty scheme for
realtors, the FBR Member said that no such scheme was under
consideration for any sector. “No tax amnesty scheme is under
consideration at FBR,” Dr Iqbal remarked.
Replying to another question, he said that FBR and Auditor
General for Pakistan Revenues (AGPR) have been working jointly and
put a mechanism in place to monitor and access complete data of sale
and purchase of government vendors through Monitoring and Invoice
Verification System (MIVS).