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Drastic drop in the number of tax return filers in Pakistan

Drastic drop in the number of tax return filers in Pakistan

The Federal Board of Revenue (FBR) has received 1.8 million income taxreturns with wealth statements till Dec 8, 2020, FBR’s latest compiled datarevealed.

During the last year, nearly 2.7 million income tax returns were filed. TheFBR has not extended the date for filing of returns.——————————

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Previously, a fake income tax circular of the Federal Board of Revenue(FBR) was under circulation. The fake circular stated that the date forfiling of income tax returns or Statements for Tax Year 2020 has beenextended till January 31, 2021.

The FBR has clarified that the so-called income tax circular no. 20 of 2020is fake.