ISLAMABAD (APP) The federal government is likely to impose a five per cent flood surcharge on the people to help the flood victims. Spokesperson Federal Board of Revenue (FBR) Israr Rauf told a private news channel on Wednesday that the surcharge would be imposed only on the taxpayers. There would not be any new taxation in the form of flood tax rather it would be imposed, he said. He said the government in collaboration with the World Bank and the Asian Development Bank was working on damage and need assessment report to determine the exact situation of devastation in the country, which was expected to be completed next week. Rauf said every effort would be made to cover the loss by the foreign donations and the countrys revenue but the surcharge would be imposed in case the gap remains between the reconstruction cost and the revenue persisted. Referring to the progress made by the FBR in tax collection, he said a campaign had been launched to bring more people in tax net including those who previously enjoyed exemption and those not paying to the national exchequer. He informed that the government would collect a net tax of more than Rs1340 billion by the end of the present fiscal year. The revenue collection till 24th August is seven per cent greater in comparison with the corresponding period of the last year, he added. Rural areas are mainly affected by the floods but it did not have any major effect on revenue collection, the FBR spokesperson said.