FBR extends date for filing tax returns
ISLAMABAD: The Federal Board of Revenue (FBR) has extended the date for submission of income tax returns to October 15 in wake of system failures.
According to sources, the FBR had received orders by the Minister of Finance Shaukat Tarin for an extension in the date of submission of tax returns, with which the FBR officials at last complied.
A statement issued by the FBR spokesperson said that the date for submission of income tax returns has been extended to October 15.
It is pertinent to note that the FBR’s tax filing system started having technical issues which led to this extension to facilitate traders. The system crashed due to server overload in the wake of too many people logging in to the Iris portal to file their taxes on the last day.
Previously, however, the FBR had absolutely refused to extend the date, stating the September 30 is the final date, despite requests by the Pakistan Tax Bar Association. Due to technical failures, at last, the date has been extended.
It is also of note that the FBR spokesperson said that the traders who didn’t get a Point of Sales (PoS) system installed within 15 days would have to pay a hefty fine.
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