The Federal Board of Revenue (FBR) has announced a remarkable increase in tax filings for the tax year 2024, with 4.82 million returns submitted by October 26. This represents a substantial rise compared to the previous fiscal year, when only 2.407 million returns were filed.
According to the FBR, this year’s numbers nearly doubled those of fiscal year 2023. However, the tax authority also revealed that a significant portion of the returns filed for the previous year reported no taxable income. Out of the total submissions, 1.82 million filers declared nil income, contributing no tax.
In fiscal year 2023 alone, 869,929 individuals filed nil returns, underscoring the ongoing challenge of broadening the tax base.
Pakistan Dairy Association (PDA) and Pir Mehr Ali Shah Arid Agriculture University, Rawalpindi have signed…
Zarai Taraqiati Bank Limited (ZTBL) and the Pakistan Dairy Association (PDA) have signed a memorandum…
U.S. President Donald Trump said up to five fighter jets were brought down during the…
Spotify's RADAR Pakistan returns this quarter, spotlighting Afusic as its latest featured artist. Afusic is…
The Overseas Investors Chamber of Commerce and Industry (OICCI) is deeply saddened by the tragic…
If you’re planning a Dubai getaway that’s got a little bit of everything, world-class shopping,…
This website uses cookies.