Tax Talks

The Federal Board of Revenue (FBR) has granted an extension via official Circular of the deadline for submitting sales tax and federal excise returns for the tax period of July 2024.

Here are the key details from the notification:

• Issuing Authority: Federal Board of Revenue (FBR), Inland Revenue Department
• Date of Notification: August 16, 2024
• Subject: Extension in Date of Submission of Sales Tax & Federal Excise Return for the Tax Period of July, 2024
• Original Deadline: August 18, 2024
• Extended Deadline: August 23, 2024

This notification applies to all Chief Commissioners of Inland Revenue, including Large Taxpayers Offices (LTOs), Medium Taxpayers Offices (MTOs), Corporate Tax Offices (CTOs), and Regional Tax Offices (RTOs).

Essentially, the FBR has granted a five-day extension to taxpayers to submit their sales tax and federal excise returns for the month of July 2024.