FBR Extends Deadline for Filing Tax Returns

The Federal Board of Revenue (FBR) has extended the deadline for the submission of income tax returns for Tax Year 2019 to December 16, 2019 from November 30, 2019. Same is the case for the companies, which were due to submit returns for the Tax Year 2019 on September 30, 2019, later extended up to November 30, 2019. Companies that have paid 95 percent of the admitted tax liability on or before September 30, 2019, can submit returns by December 16, 2019.

The extension in deadline comes amid the government’s efforts to bring more and more people into the tax net and document the economy. Chairman Federal Board of Revenue (FBR) Shabbar Zaidi has assured the business community that no raids will be conducted on registered taxpayers for income tax or sales tax purposes.

Source: Pro Pakistani