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Federal Excise Duty

FBR fails to achieve revised tax collection target for FY 2013-14

ISLAMABAD: The Federal Board of Revenue (FBR) remained unsuccessful in achieving tax collection target for the fiscal year July-June (2013-14) although the target revised several time, ARY News reported. According to updated position of revenue collection revealed on Tuesday, FBR has collected over Rs 2,266 billion during July-June (2013-14) against assigned target of Rs 2,275 billion, reflecting a shortfall of Rs 9 billion. When compared with fiscal year 2012-13, during which FBR had collected Rs 1,939 billion, revenue…