Karachi, March 7, 2025 – The Federal Board of Revenue (FBR) has reported an impressive 40% surge in tax payments made alongside tax return filings for the tax year 2024. This significant increase highlights the effectiveness of the government’s recent tax enforcement measures and the growing compliance among taxpayers. For the first half of the fiscal year ending on December 31, 2024, the FBR disclosed that taxpayers collectively deposited Rs 199.61 billion at the time of filing their tax returns. This marks a sharp rise from Rs 142.23 billion recorded during the same period in the previous tax year, demonstrating a stronger tax culture in the country. The FBR has implemented stringent measures to ensure that individuals and businesses meet their tax return obligations. These efforts resulted in a record number of tax return filings, along with a substantial boost in tax collection. The deadline for submitting tax returns was initially set for September 30, 2024, for salaried individuals, business entities, and Associations of Persons (AOPs). However, it was later extended to October 14, 2024, to accommodate additional filings. Meanwhile, corporate taxpayers were required to file their tax returns by December 31, 2024. In addition to tax return filings, the FBR also reported a…