FBR Extends Tax Return Deadline by Four Days

Web DeskApril 16, 2024 04:49 AMnational
  • Taxpayers granted extra time for accurate filing
  • FBR aims to streamline tax filing process
  • Extension encourages voluntary tax compliance
FBR Extends Tax Return Deadline by Four DaysImage Credits: The Frontier Post
The Federal Board of Revenue extends tax return deadline by four days to facilitate accurate filing and promote voluntary tax compliance, aiming to streamline the tax filing process and enhance revenue generation efforts.

The Federal Board of Revenue (FBR) has announced an extension of the deadline for the submission of tax returns by four days. Taxpayers now have until April 22 to submit their sales tax and federal excise returns, as per a notification issued by the Inland Revenue chief commissioner. This extension provides relief to taxpayers who require additional time to gather necessary documents and ensure accurate filing.

The decision to extend the deadline aims to streamline the tax filing process and offer taxpayers ample time to fulfill their tax obligations without facing undue pressure. The Inland Revenue chief commissioner has directed all field formations of the FBR to inform taxpayers about the revised submission timeline and ensure compliance.

Taxpayers are urged to make use of this extension and promptly submit their returns to avoid potential penalties or legal complications. The FBR emphasizes its commitment to supporting taxpayers and encouraging voluntary tax compliance to enhance the country's revenue generation efforts.

The extension of the tax return submission deadline by the FBR reflects a proactive approach to assist taxpayers in meeting their obligations effectively. By providing additional time for filing returns, the FBR aims to facilitate a smoother tax filing process and promote compliance among taxpayers, ultimately contributing to the country's revenue collection objectives.

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