Islamabad: The Federal Board of Revenue (FBR) has asked citizens to file their income tax returns without waiting for a deadline, news sources reported.
Read: FBR registered a 45% increase in income tax returns in 2021
The FBR has set September 30 as the deadline for filing tax returns for both salaried and non-salaried individuals. According to sources, the FBR has begun a push to enhance income tax collection in order to achieve the tax year’s revenue objectives. In this regard, the FBR has made video courses available on its website to encourage tax filers to submit returns and make the procedure easier. Furthermore, FBR has encouraged citizens to file their taxes through the FBR’s Tax Asaan smartphone app or the official website. Taxes can be paid online or using banking mobile applications. The authority has developed separate helplines to address any issues or questions in this regard. Failing to file income tax returns will result in a daily fine of PKR 1,000.
Read: FBR issues notice to Tier-1 retailers to integrate POS system
In the aftermath of the country’s floods, the business community and chambers of commerce around the country have petitioned the FBR to extend the September 30 deadline. According to the concerned quarters, the extension would enable residents in flood-affected regions to avoid fines and penalties.
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