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Coronavirus
LOW Source: covid.gov.pk
Pakistan Deaths
28,777
1024hr
Pakistan Cases
1,287,161
33624hr
0.78% positivity
Sindh
476,830
Punjab
443,519
Balochistan
33,507
Islamabad
107,930
KPK
180,383

ISLAMABAD: The Federal Board of Revenue (FBR) has received a staggering number of 2.6 million returns and collected Rs48.6 billion tax with returns as against 1.8 million returns and 29.6 billion tax paid with returns on 8th December, 2020. This signifies 45 percent growth in filing of tax returns while 64 percent growth in tax paid with returns.

The Federal Board of Revenue (FBR) has received the highest number of returns ever in its history on 15th October, 2021. As the 15 days extended deadline ended at midnight on Friday, the FBR had already received a staggering number of 2.6 million returns.

However, the FBR had received only 0.5 million returns and Rs9.8 billion tax with returns on 15th October, 2020, registering almost five times higher growth both in returns filed and tax paid with returns on the same date, last year.

2.213m tax returns with Rs41.895bn deposits received: FBR

Therefore, it is quite reassuring to witness that the FBR is already zeroing in on 3.0 million total returns received and 54.7 billion tax collected with returns against the entire TY20, as on 30th June, 2021.

This phenomenal growth has been made possible through a robust strategy and a comprehensive print and electronic media campaign launched by the FBR. It was further reinforced by a vibrant campaign launched through national heroes, celebrities and public figures whose video messages went viral on social media.

In yet another innovative initiative, the FBR had mobilised all cellular companies to deliver a bilingual customized SMSs to their combined 128.6 million subscribers across the country.

Copyright Business Recorder, 2021

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4 Comment(s)
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N K Ali Oct 16, 2021 01:18pm
Viva FBR! Excellent performance by giving only one extension and determined marketing which proved purposeful. So, the taxmen are getting active and realizing their duties to the country? In yesteryears, only 800,000 or 900,000 returns would be filed in the 75-year young country. But 2.6 million with PKR 48.6 billion deposited in the national ticky is highly commendable. Salams
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Robin Mitha Oct 16, 2021 04:43pm
Very good achievement. Now go ask everyone buying a new car, a new house or a foreign air ticket their source of funds. Anyone booking a marriage hall, buying jewellery etc their source of funds. Investigate everyone whose name is in the Pandora Papers an the Panama Leaks. If done diligently next year this number could be 10 times higher. Don't impose penalties just make them declare actual income and pay taxes henceforth.
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Hassan Oct 17, 2021 07:37pm
@N K Ali, More n More tax for more corruption
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Alam Oct 17, 2021 09:29pm
Billions coming in from expats millions coming in from active tax payers.... Yet we are still ending up at IMF ..... I wonder why....
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