ISLAMABAD: The Federal Board of Revenue (FBR) said on Saturday it had received a record 2.6 million tax returns as of October 16.
In a statement, an RBF spokesperson said tax collection through declarations amounted to Rs 48.6 billion. By comparison, he added, 1.8 million citizens filed their tax returns last year with taxes paid totaling 29.6 billion rupees.
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“This means 45% growth in tax filing [this year] while 64% growth in taxes paid with returns, â€said the spokesperson.
FBR received a record 2.6 million returns and Rs. 48.6 B in tax paid with returns against 1.8 million returns and 29.6 B in tax paid with returns as of the date of closing on December 8, 2020. This means 45% growth in tax filing while 64% growth in taxes paid with returns.
– FBR (@FBRSpokesperson) October 15, 2021
On Friday, the tax collection agency confirmed that it will not allow any extensions to the deadline for filing tax returns beyond Oct. 15, after which daily fines will be incurred for those who are late.
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The RBF spokesperson said there would be no further extension of the deadline and noted that for those who have not yet submitted the statements, the offices will remain open until midnight.
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