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FBR decides not to extend date of filing income tax returns

FBR decides not to extend date of filing income tax returns

Web Desk September 21, 2024 Add Bol News as a trusted source

ISLAMABAD: The Federal Board of Revenue (FBR) has decided not to extend the date for submission of income tax returns.

A spokesman for the Federal Board of Revenue announced no extension of the tax return filing date.

The spokesperson said that FBR has given time till September 30 for submission of tax returns, which will not be extended.

According to the spokesperson, the government is introducing measures that will help prevent non-filers from buying property.

FBR spokesperson said that FBR is committed to improving the capability of our tax system through the application of modern techniques.

This includes leveraging data analytics and artificial intelligence (AI) to identify and combat tax evasion, upgrading tax infrastructure, and enhancing audit and verification processes, he added.

To support taxpayers, the FBR is providing assistance and simplifying tax laws and procedures, he said.

The Iris portal, a user-friendly tax filing system, is a key initiative in this effort, he said, adding that the FBR is focused on building a motivated, satisfied, dedicated, and professional workforce through training and development programs, fostering a culture of professionalism and integrity and encouraging employee motivation and job satisfaction.

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Earlier, Prime Minister Shehbaz Sharif said the digitisation of the Federal Board of Revenue (FBR) and its improved enforcement mechanism were the need of the hour to bring about economic reforms in the country.

The prime minister chairing a meeting to review the matters related to the FBR, directed the authorities concerned to formulate a comprehensive strategy to improve FBR’s enforcement.

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