A fresh investigation by the National Board of Revenue (NBR) has revealed that owners of more than 1,300 luxury cars, including high-end brands like BMW, Mercedes, Porsche and Rolls-Royce, concealed information about the vehicles in their tax files to evade tax.

The National Board of Revenue (NBR) yesterday cautioned taxpayers about misleading social media posts promoting the filing of "zero returns", terming the practice illegal under the Income Tax Act 2023.

If you miss your tax filing by December 31 this year, you will lose a significant amount of tax credit due to strict deadline of tax submission. So, if you have not yet been able to lodge your tax return then decide to submit within the stipulated time.