First 2.6 million Pakistanis file income tax returns

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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, ”said the spokesperson.

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.

Read also: US $ 2.7 billion received via remittances in September as RDA inflows increase: SBP

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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