The Federal Board of Revenue updated its Active Taxpayer List (ATL) for the fiscal year ending June 2019 with 2.4 million tax returns. The number of tax filers fell 13% compared to the 2.8 million who filed their taxes last year.
The official deadline for filing an income tax return for FY2019 is September 30, but the deadline for raising the national treasury tax has been extended. However, it did not offer any further extensions and closed the year on February 29, 2020.
The FBR said tax collections in February were 17% higher than the same month last year.
Fracturing the tax filers, FBR is 2.3 million filers with individuals, 62,403 association of persons (partnerships) and 40,988 companies.
Those who do not file their income tax returns are excluded from the ATL. The current tax year ends June 30, 2020.
Tax collection figures for FY2019 have not yet been made public, but FB20 raised Rs 2.4 trillion in the first seven months, up 17% compared to Rs 2 trillion in the previous tax year
How to become filer
Consequences of missing tax deadline
How to pay income tax