According to a report by AGPS 2024-25 about Inland Revenue and Customs, the tax receipts that stop tax receipts during the financial year 2023-24 have been attributed to a significant increase in tax receipts.
RSE RSS. 2,740.10 billion to submit in FY 24, which is 60.47 % of the total tax work. 4,530.70 billion. The AGP noted that the government’s source deduction by withdrawing agents makes it a dominant component of administratively effective and direct tax.
The report highlights that of the 10 major withholding streams, contract receipts, exports, bank interest, and other items are among the minimum or final tax governments. The audit observes that these heads are equivalent to financing indirect taxes, but is recorded as a direct tax by the FBR. It further pointed out that when telephone bills and property purchases are adjusted, many non -filers do not claim these adjustments.
During the financial year 24, FBR RS. 1,650.75 billion, an increase of Rs. 429.69 billion over the past year. The AGP said that the jump “is mainly attributed to the increase in salary rates,” which clarifies the outstanding role of payroll tax in last year’s performance.
The AGP reaffirmed that the withholding framework depends on the payment of the payer as a designated agent, which reduces leakage and improves cash flow to the expert. However, the audit observes that some final/minimum tax rating as “direct” is blurring the line between direct and indirect tax burden.
The report also cites administrative challenges, which also states that the adjustment prevention is often non -claimed by non -filers, which suggests the difference between taxpayers’ education, return filing, and implementation.
These results come when the FBR continues to tilt the withholding mechanism to meet the goals, even discussing the need to balance the tax mix, expand owners, and improve voluntary compliance, especially in non -fillers who give up the adjustment.