The Federal Board of Revenue (FBR) has issued a declaration for taxpayers.
The FBR statement said that taxpayers are allowed to file returns even after the extended date and taxpayers should file their tax returns as soon as possible. Those who file late returns will be penalized accordingly and those who do not file tax returns will be prosecuted according to the law.
However, despite repeated requests from merchants Federal Board of Revenue (FBR) tax returns had refused to extend the submission date, only 13 million by the deadline statements may be submitted.
Tax experts from the country’s business community and government statements saying to extend the date of submission of the message board, but that no further extension will be decided case-to-case. Karachi Chamber President Sharq Vehra has written a letter to the Prime Minister seeking an extension of the statement date instead of Chairman FBR, saying that the situation is not normal because of Corona.
Extracted from City42 News
