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Variety of taxpayers in Pakistan will increase to 700,000

ISLAMABAD: The variety of taxpayers in Pakistan has elevated by 700,000 over a 12 months’s interval, based on statistics shared by the Federal Board of Income (FBR).

As per the FBR’s stats, the entire quantity of people that filed their tax returns rose by 700,000 to a complete of two.154 million. Of those, some 700,000 are salaried individuals.

The FBR additional mentioned proposals to impose fastened taxes had been being mulled to deliver the small and massive enterprise homeowners into the tax internet.

Learn Extra: FBR notifies revised duties on imported, native automobiles

Hailing the rise in numbers of individuals submitting tax returns, Minister for Science and Expertise Fawad Chaudhry tweeted on Sunday that up to now 2.1 million individuals had filed their tax returns, which was the very best within the FBR’s historical past.

“FBR has projected a goal to reinforce these returns numbers to four million for the tax 12 months 2019,” he wrote.

Earlier on July 14, Chairman Federal Board of Income Shabbar Zaidi had mentioned the final date for submitting tax returns for the 12 months 2018 had been prolonged until August 2.

 

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