Home General Rs48.6bn collected along with record 2.6mn returns so far

Rs48.6bn collected along with record 2.6mn returns so far

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Raza Kazmi

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% growth in filing of tax returns while 64% 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 TY-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.
Likewise, eminent columnists and writers were also engaged to promote a culture of tax compliance through their op-eds and columns, published in the leading national newspapers.