FBR collects PKR 2 trillion in taxes ahead of deadline

The Federal Board of Revenue (FBR) has collected tax revenue of INR 2 trillion in the first four months of the current tax year (July to October 22nd).

 According to a statement on the FBR’s official Twitter account, his target for October 2022 is PKR 534 billion, but the FBR said he had already raised PKR 365 billion in the first 24 days of the month, with 5 days left until the revenue deadline. It’s day. of tax return.

 The tax forecast for the second quarter of 2022-23 (October-December) is PKR 2,036.087 billion, while the FBR forecasts that in the first quarter of 2022-23 (July-September), PKR 1,635 billion was collected in addition to the amount collected in This month’s total tax revenue, including revenue, allowed the FBR to surpass PKR 2 trillion.

 It is important to note that due to the complexity of IT tax returns, the deadline for filing income tax returns has been extended. The revised deadline is October 31, and more revenue is expected to be generated by the deadline.

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