Treasure Magazine

Treasure Magazine

Record high number of returns received by FBR

1 min read

ISLAMABAD: Federal Board of Revenue (FBR) has received the highest number of returns ever in its history on 15th October, 2021.

As the fifteen days extended deadline ended at midnight on Friday, FBR had already received a staggering number of 2.6 million returns and collected Rs 48.6 billion tax with returns as against 1.8 million returns and 29.6 billion tax paid with returns on 8th December, 2020, the closing date, last year. This signifies 45 per cent growth in filing of tax returns while 64 per cent growth in tax paid with returns.

However, FBR had received only 0.5 million returns and Rs 9.8 billion tax with returns on 15th October, 2020, registering almost five times higher growth both in returns filed & tax paid with returns on the same date, last year.

Therefore, it is quite reassuring to witness that FBR is already zeroing in on 3.0 million total returns received and 54.7 billion tax collected with returns against the entire 2020, as on 30th June, 2021.

This phenomenal growth has been made possible through a robust strategy and a comprehensive print and electronic media campaign launched by FBR. It was further reinforced by a vibrant campaign launched through national heroes, celebrities and public figures whose video messages went viral on social media.

In yet another innovative initiative, FBR had mobilized all cellular companies to deliver a bilingual customized SMS to their combined 128.6 million subscribers across the country.

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