Islamabad, Pakistan: The Federal Board of Revenue (FBR) has waived the affidavit requirement for sales tax returns filed in October 2024 for the tax period September 2024.
The decision comes in response to concerns raised by trade bodies regarding the affidavit requirement. The FBR aims to build confidence among stakeholders and provide temporary relief to taxpayers.
The FBR remains open to receiving alternative proposals from stakeholders to address the issue of falsified sales tax returns. The FBR may also modify the particulars of the affidavit if necessary. The Nation
The FBR has emphasized that the affidavit does not impose any new legal obligations on taxpayers. However, it is crucial for taxpayers to file accurate returns to avoid penalties and legal consequences.
The FBR’s decision to waive the affidavit requirement demonstrates its commitment to addressing the concerns of taxpayers and improving the tax filing process.
