FBR raises extra Rs42bn with 2.21m tax returns

Published October 13, 2021
According to an official source, the total returns filed with the online system till Oct 11 were 2.190815 million with deposit of Rs41.397bn. — APP/File
According to an official source, the total returns filed with the online system till Oct 11 were 2.190815 million with deposit of Rs41.397bn. — APP/File

LAHORE: The Federal Board of Revenue (FBR) has so far received as many as 2.213 million returns with additional tax collection of Rs41.895 billion up to Oct 12.

According to an official source, the total returns filed with the online system till Oct 11 were 2.190815 million with deposit of Rs41.397bn. “Till Oct 12, the total tax returns filed were 2.213m with additional tax deposits of Rs41.895bn,” an FBR official told Dawn.

The board had earlier urged all old and new taxpayers to file their tax returns well before Oct 15 after it extended the last date of Sept 30 to facilitate those who faced technical hiccups on the last date.

The FBR campaign resulted in an immense traffic of taxpayers to the Iris website and for the first time ever over 1.8m returns were filed within 90 days ending on Sept 30. In three days alone (Oct 1 to 3), the FBR reportedly received around 600,000 returns from all over Pakistan.

Published in Dawn, October 13th, 2021

Follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Hasty transition
Updated 05 May, 2024

Hasty transition

Ostensibly, the aim is to exert greater control over social media and to gain more power to crack down on activists, dissidents and journalists.
One small step…
05 May, 2024

One small step…

THERE is some good news for the nation from the heavens above. On Friday, Pakistan managed to dispatch a lunar...
Not out of the woods
05 May, 2024

Not out of the woods

PAKISTAN’S economic vitals might be showing some signs of improvement, but the country is not yet out of danger....
Rigging claims
Updated 04 May, 2024

Rigging claims

The PTI’s allegations are not new; most elections in Pakistan have been controversial, and it is almost a given that results will be challenged by the losing side.
Gaza’s wasteland
04 May, 2024

Gaza’s wasteland

SINCE the start of hostilities on Oct 7, Israel has put in ceaseless efforts to depopulate Gaza, and make the Strip...
Housing scams
04 May, 2024

Housing scams

THE story of illegal housing schemes in Punjab is the story of greed, corruption and plunder. Major players in these...