Number of return filers grows 12pc to 2.9m

22
Islamabad

The Federal Board of Revenue (FBR) has said that the number of return filers reached 2.9 million for tax year 2020 by May 01, 2021.

The FBR said that last year the number of income tax return filers for tax year 2019 was 2.6 million on the same day, which shows a growth of 12 percent.

An amount of Rs50.6 billion has been paid along with return for tax year 2020 as compared with Rs33.1 billion paid last year, showing an increase of 53 percent.

The FBR has also released information about tier-1 retailers who have been integrated with point-of-sales (POS) systems.

According to the information, 10,583 sales points have been integrated with the point of sales linked invoicing system.

According to the official figures, the FBR collected net revenue of Rs3,780 billion during 10MFY21 exceeding the target of Rs3,637bn by Rs143bn.—TLTP