{"id":99105,"date":"2024-09-10T11:43:54","date_gmt":"2024-09-10T06:43:54","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=99105"},"modified":"2024-09-10T11:43:55","modified_gmt":"2024-09-10T06:43:55","slug":"fbr-issues-deadline-fy24","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/fbr-issues-deadline-fy24.html","title":{"rendered":"FBR reports 71% jump in tax filers: FY24 deadline approaches"},"content":{"rendered":"\n<p>Islamabad: The Federal Board of Revenue (FBR) has recorded a 71% rise in tax filers for FY23, with an additional 2.2 million people filing returns, as claimed by a news article on September 9.<\/p>\n\n\n\n<p><strong>Read: <\/strong><a href=\"https:\/\/www.zameen.com\/news\/fbr-clarifies-pkr-1-fee-on-every-sale-invoice.html\" target=\"_blank\" rel=\"noreferrer noopener\">FBR reports significant increase in PoS fee revenue for FY23<\/a><\/p>\n\n\n\n<p>The details show that the total number of filers has reached 5.3 million, while the deadline for filing returns for FY24 is set for September 30, 2024. Pursuant to the previous reports, the FBR collected PKR 9.285 trillion (USD 33.22 billion), surpassing the revised target of PKR 9.252 trillion in FY23. <\/p>\n\n\n\n<p>Income tax collection reached PKR 4.512 trillion, exceeding its target by 21.25%, while sales tax collection fell short, bringing in PKR 3.096 billion, 14.16% below target. For the first two months of FY25, the FBR collected PKR 1.456 trillion, falling PKR 98 billion short of its PKR 1.554 trillion target.<\/p>\n\n\n\n<p><strong>Read: <\/strong><a href=\"https:\/\/www.zameen.com\/news\/fbr-to-hike-property-valuation-rates.html\" target=\"_blank\" rel=\"noreferrer noopener\">FBR to hike property valuation rates by up to 100% in 42 cities<\/a><\/p>\n\n\n\n<p>Analysts indicate that missing September&#8217;s tax target could lead the government to consider introducing additional taxes, including a possible 100 basis point increase in withholding tax rates across various sectors.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The Federal Board of Revenue (FBR) has recorded a 71% rise in tax filers for FY23, with an additional 2.2 million people filing returns, as claimed by a news article on September 9. Read: FBR reports significant increase in PoS fee revenue for FY23 The details show that the total number of filers has reached 5.3 million, while the deadline for filing returns for FY24 is set for September 30, 2024. Pursuant to the previous reports, the FBR collected PKR 9.285 trillion (USD 33.22 billion), surpassing the revised target of PKR 9.252 trillion in FY23. Income tax collection reached PKR 4.512 trillion, exceeding its target by 21.25%, while sales tax collection fell short, bringing in PKR 3.096 billion, 14.16% below target. For the first two months of FY25, the FBR collected PKR 1.456 trillion, falling PKR 98 billion short of its PKR 1.554 trillion target. Read: FBR to hike property valuation rates by up to 100% in 42 cities Analysts indicate that missing September&#8217;s tax target could lead the government to consider introducing additional taxes, including a possible 100 basis point increase in withholding tax rates across various sectors.<\/p>\n","protected":false},"author":88,"featured_media":99068,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15017],"tags":[54453,19230,59334],"persona":[],"class_list":{"0":"post-99105","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-notices-announcements","8":"tag-fbr-news-and-updates","9":"tag-federal-board-of-revenue-fbr","10":"tag-new-tax-filing-date","11":"cat-15017-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>FBR Issues Deadline for FY24 - Zameen News<\/title>\n<meta name=\"description\" content=\"FBR reports a 71% increase in tax filers for FY23, with new deadlines set for FY24, according to a September 9 news article.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/fbr-issues-deadline-fy24.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FBR Issues Deadline for FY24 - Zameen News\" \/>\n<meta property=\"og:description\" content=\"FBR reports a 71% increase in tax filers for FY23, with new deadlines set for FY24, according to a September 9 news article.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/fbr-issues-deadline-fy24.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; Pakistan Property News &amp; Latest Updates - Zameen News\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/ZameenPK\" \/>\n<meta property=\"article:published_time\" content=\"2024-09-10T06:43:54+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-09-10T06:43:55+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2024\/09\/FBR_news-cover.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1170\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Muhammad Zohaib Nasir\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:site\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Muhammad Zohaib Nasir\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"FBR Issues Deadline for FY24 - Zameen News","description":"FBR reports a 71% increase in tax filers for FY23, with new deadlines set for FY24, according to a September 9 news article.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.zameen.com\/news\/fbr-issues-deadline-fy24.html","og_locale":"en_US","og_type":"article","og_title":"FBR Issues Deadline for FY24 - Zameen News","og_description":"FBR reports a 71% increase in tax filers for FY23, with new deadlines set for FY24, according to a September 9 news article.","og_url":"https:\/\/www.zameen.com\/news\/fbr-issues-deadline-fy24.html","og_site_name":"Pakistan Real Estate News &amp; 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