Heading: FBR ANNOUNCES SURGE IN ACTIVE TAXPAYERS TO 5.23 MILLION - 2024-08-05
Karachi, August 5, 2024 – The Federal Board of Revenue (FBR) has announced a significant increase in the number of active taxpayers in Pakistan, reaching 5.23 million for the tax year 2023. This surge reflects the success of recent initiatives aimed at broadening the tax base. According to official data released on Monday, the number of active taxpayers has risen sharply from 3.35 million at the launch of the Active Taxpayers List (ATL) on March 1, 2024. The latest update, based on income tax returns filed up to August 4, 2024, highlights a remarkable increase of 1.88 million active taxpayers over the past five months. FBR officials attribute this rise to stringent measures implemented under the new Budget 2024, which have effectively encouraged non-compliant taxpayers to fulfill their tax obligations. “The significant growth in active taxpayers is a clear indicator of the effectiveness of our recent strategies and reforms,” an FBR source stated. “Our efforts to expand the tax net and improve compliance are yielding positive results.” The FBR has been updating the ATL on a weekly basis, and the current numbers reflect ongoing efforts to enhance tax collection and compliance. The government aims to boost the number of active taxpayers to 10 million, which would help widen the tax net and improve the…