In a significant move, the Federal Board of Revenue (FBR) has announced a last-minute extension for the submission of tax returns, providing taxpayers with additional time to fulfill their tax obligations. The decision came just hours before the original deadline, relieving the pressure on individuals and businesses who had struggled to meet the initial cut-off date.
The FBR’s decision is seen as a response to widespread appeals from tax consultants, businesses, and the public, many of whom faced challenges in preparing their returns due to various reasons, including technical difficulties and the complexity of the process. With this extension, taxpayers now have an opportunity to avoid potential penalties and ensure compliance with the country’s tax laws.
While the new deadline offers relief, the FBR has emphasized that this extension should be seen as a final opportunity for late filers. The department urges taxpayers to utilize this time wisely, encouraging prompt submission to avoid the last-minute rush that has plagued previous deadlines. Failure to file returns within the new window could result in hefty fines and legal consequences.
This extension is expected to ease pressure on the FBR’s online portal, which has experienced heavy traffic in recent days due to the volume of last-minute submissions. The tax authority has also stated that technical support will be available for taxpayers encountering difficulties with the online system.
By granting this extension, the FBR aims to increase compliance and boost tax collection, while ensuring that taxpayers have sufficient time to meet their obligations. The public is urged to act promptly and avoid waiting until the final hours to submit their returns.
