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Income tax return filing surges by 230% in FY 2017

byCT Report
29/09/2017
in Islamabad, Latest News
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ISLAMABAD: The income tax return filing for tax year 2017 has increased by 230 percent due to awareness campaign launched by Federal Board of Revenue (FBR).

The number of returns received up to September 28, 2017 increased to 178,945 compared with 54,086 returns received till the same date in September 2016.

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This was revealed by FBR Chairman Tariq Pasha during a meeting with Finance Minister Senator Mohammad Ishaq Dar. The FBR chairman also briefed the finance minister regarding the awareness campaign being run by FBR to educate and convince taxpayers to fulfil their legal tax obligations.

The finance minister appreciated the successful awareness campaign of FBR and the resulting increase in compliance by taxpayers.

The finance minister chaired the meeting on Thursday at the Ministry of Finance to review the progress of revenue collection, return filing and awareness campaign undertaken by the FBR.

FBR Members and senior officials of the Ministry of Finance were also present in the meeting.

Pasha briefed the finance minister on revenue collection in the month of September 2017 and the first quarter of FY 2018, i.e. July-September 2017. He apprised the minister of that FBR is on-course to achieve the tax revenue target for FY 2018. The Finance Minister expressed satisfaction over the revenue collection efforts being made by FBR.

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