Zero income, millionaire lifestyle: Pakistan’s tax system under fire

ISLAMABAD: Concerns are mounting within the country’s top tax machinery that Pakistan’s income tax system is failing to capture the true wealth of its citizens, as approximately half of taxpayers continue to declare nil incomes far below the lavish lifestyles they maintain, Dawn has learned from official sources. As of June 30, the Federal Board of Revenue (FBR) had received 5.9 million income tax returns for the tax year 2024. Notably, nearly half of these filings came from taxpayers who declared zero income, underscoring a persistent trend of taxpayers declaring nil income. This pattern is continuing into the current tax year, with early data for 2025 reflecting a similar surge in filings...

Zero income, millionaire lifestyle: Pakistan’s tax system under fire

wn.com - 03:10

ISLAMABAD: Concerns are mounting within the country’s top tax machinery that Pakistan’s income tax system is failing to capture the true wealth of...

No modifications on Income Tax Return Form 2025: FBR

wn.com - 25/Sep 14:33

<p>ISLAMABAD, (UrduPoint / Pakistan Point News - 25th Sep, 2025) Federal Board of Revenue (FBR) on Thursday clarified that no amendments have...

No modifications on Income Tax Return Form 2025: FBR

wn.com - 25/Sep 14:33

<p>ISLAMABAD, (UrduPoint / Pakistan Point News - 25th Sep, 2025) Federal Board of Revenue (FBR) on Thursday clarified that no amendments have...

Tax filing gaps highlighted in jewellery sector

wn.com - 03:10

KARACHI: The Federal Board of Revenue (FBR) has revealed that more than 14,000 jewellers out of 35,000 registered have not filed income tax returns,...

Tax filing gaps highlighted in jewellery sector

wn.com - 03:10

KARACHI: The Federal Board of Revenue (FBR) has revealed that more than 14,000 jewellers out of 35,000 registered have not filed income tax returns,...