Number of Active Taxpayers surges by 30% in FY20: FBR

News Image

MG News | August 02, 2021 at 12:57 PM GMT+05:00

0:00

August 2, 2021 (MLN): The Federal Board of Revenue (FBR) witnessed a significant increase of 30% in the number of active taxpayers which has led the total number to 3.53million during FY20 against 2.72mn in FY19, as per the Active Taxpayer List (ATL) released by FBR today.

Government’s constant efforts to bring more people in to tax net in order expand the tax base have pushed the number of income tax filers in the country.

According to the statistics, the tax deposited with returns was Rs51bn in FY20 compared to only Rs33bn last year, showing an increase of 54%.

According to the information released by FBR, around 11,744 points of sale terminals have been integrated with real time reporting system of FBR.

The amount of refunds disbursed was Rs20bn compared to Rs15.7bn paid last year, up by 26.6% in order to prevent liquidity shortages in the industry despite facing the challenge of fourth wave of COVID-19.

To note, FBR has collected net revenue of Rs413bin during July, 2021, which has exceeded the target of Rs342bn by Rs71bn. This represents a growth of about 36% over the collection of Rs303bn during the same period last year.

This outstanding revenue performance is a reflection of sustained economic revival spurred by government policies.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 135,466.63
56.59M
0.87%
1166.86
ALLSHR 84,671.67
235.59M
0.78%
653.51
KSE30 41,154.69
23.28M
0.83%
340.40
KMI30 193,461.29
25.74M
0.45%
872.12
KMIALLSHR 56,413.33
107.25M
0.61%
341.08
BKTi 37,536.34
4.05M
1.53%
564.59
OGTi 28,288.48
1.02M
0.17%
48.20
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 121,685.00 121,875.00
118,675.00
3155.00
2.66%
BRENT CRUDE 70.54 70.86
70.36
0.18
0.26%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
1.10
1.14%
ROTTERDAM COAL MONTHLY 108.75 108.75
108.75
0.40
0.37%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 68.61 68.95
68.41
0.16
0.23%
SUGAR #11 WORLD 16.56 16.60
16.20
0.30
1.85%

Chart of the Day


Latest News
July 14, 2025 at 10:24 AM GMT+05:00

Bitcoin surges past $121,000 for first time


July 14, 2025 at 10:00 AM GMT+05:00

Dewan Cement installs 6 MW solar energy system


July 14, 2025 at 09:39 AM GMT+05:00

Petrol prices likely to rise by Rs3–5 from July 16


July 14, 2025 at 09:26 AM GMT+05:00

Indus Motor Company


July 14, 2025 at 09:25 AM GMT+05:00

NBP issues foreign exchange rates



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg