In a taxpayer-friendly move, the Federal Board of Revenue (FBR) has extended the deadlines for filing sales tax and federal excise returns and making corresponding tax payments. This extension is specifically for the tax period of May 2024, considering the upcoming Eid-ul-Adha holidays.
Key Changes:
- Payment Deadline Extended: The original due date for tax payments, June 15th, 2024, is now June 20th, 2024.
- Return Filing Deadline Extended: The initial deadline for submitting returns, June 18th, 2024, is now June 24th, 2024.
Reason for Extension:
The FBR acknowledges the potential challenges taxpayers might face in meeting the original deadlines due to the Eid-ul-Adha holidays. This extension provides them with ample time to prepare and submit accurate filings without the added pressure of holiday preparations.
Benefits for Taxpayers:
- Reduced Stress: Taxpayers can now focus on Eid celebrations without worrying about last-minute tax filings and payments.
- Improved Accuracy: The additional time allows for a more thorough review of tax documents, leading to potentially fewer errors in filings.
FBR’s Commitment:
The FBR emphasizes its dedication to facilitating taxpayer compliance by offering considerate measures. This extension reflects their commitment to improving tax administration and ensuring a convenient and efficient tax filing process.
What Taxpayers Should Do:
- Take advantage of the extended deadlines.
- Utilize the additional time to gather necessary documents and complete filings accurately.
- For further information or assistance, contact their respective tax offices or visit the FBR’s official website.
Overall, this FBR initiative demonstrates their focus on taxpayer service and creating a more streamlined tax administration system in Pakistan.
