FBR Grants an Extension for May 2024 Tax Submissions

The Federal Board of Revenue (FBR) grants an extension for the submissions of tax returns for the May 2024 tax period, providing relief to taxpayers across Pakistan. This decision is part of FBR’s ongoing efforts to streamline the tax filing process. Also, to accommodate the diverse needs of taxpayers.

FBR Extends Deadline for Filing of Sales Tax, FED Returns

As per the official statement by FBR on June 20, 2024, the deadline for filing tax returns for May 2024 has been extended from June 30, 2024, to July 31, 2024. This extension aims to facilitate taxpayers. Specifically for those facing challenges in meeting the original deadline for various reasons.

Read: FBR Urged To Fix Flaws In Its Automated Income Tax-Issuance System.

FBR’s decision to extend the deadline is seen as a positive move by tax experts and business communities. Further, this extension underscores FBR’s commitment to ensuring a taxpayer-friendly environment. These supportive measures will aid in enhancing compliance between the government and taxpayers.

The extension applies to all categories of taxpayers, including salaried individuals, self-employed professionals, businesses, and corporate entities. FBR has urged taxpayers to take advantage of the extended deadline to ensure compliance with tax regulations and avoid penalties associated with late submissions.

FBR has also enhanced its helpline services and online support systems. Taxpayers are encouraged to utilize these resources for any queries or technical assistance required during the filing process.

This extension aligns with FBR’s broader objective to improve the tax culture in Pakistan. By providing additional time and support, FBR aims to facilitate a smoother tax filing experience and increase voluntary compliance.

Taxpayers are advised to keep abreast of any further updates from FBR. To avoid any inconvenience, ensure timely submission of their returns within the newly extended deadline.

Stay connected with us to get more updates on “FBR Grants an Extension for May 2024 Tax Submissions”.