Islamabad: The Federal Board of Revenue (FBR) has urged citizens to file their due income tax returns for the fiscal year (FY) 2022-23 by September 30, according to a Facebook post on the authority’s official account.
Read: Moody’s terms Pakistan-IMF deal ‘credit positive’ for economy
Citizens are advised to file their taxes through the FBR’s Tax Asaan mobile app or the official website. Taxes may be paid over the internet and banking mobile apps. To address inquiries and questions, the authority has established special helplines. The post further warned that failure to file income tax returns would result in a PKR 1,000 fine each day or legal action.
Read: FBR urges citizens to file returns before approaching deadline
It is worth noting that the government has set a tax target of PKR 7 trillion for FY-23. This is PKR 1 trillion more than the FY-22’s tax goal of PKR 6.1 trillion. However, official FBR data show that it exceeded the tax collection aim by PKR 25 billion and collected PKR 6.125 trillion last year.
Related News
