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.
The National Highway Authority (NHA) has achieved a noteworthy 100% increase in its annual revenue,…
Sindh Chief Minister Syed Murad Ali Shah has publicly contested the Indus River System Authority's…
The Interior Ministry has reported a remarkable increase in passport applications, with daily submissions reaching…
Consumers across Pakistan are facing another price hike as ghee and cooking oil costs have…
Chief Justice Yahya Afridi began his first day in the Supreme Court with an impressive…
Petrol prices in Pakistan are likely to see a slight reduction this week, following a…
This website uses cookies.
