KARACHI: The Federal Board of Revenue (FBR) on Monday extended the last date for filing income tax returns for tax year 2018 up to June 30, 2019.
The FBR said that the extension had been granted considering the Assets Declaration Ordinance, 2019.
The FBR extended the date for filing income tax returns and statement by salarier persons and persons falling in final tax return, whose last date was August 31, 2018 and extended up to April 30, 2019. It is now further extended up to June 30, 2019.
The FBR further extended the date of filing return of income and statement of final taxations for companies, individuals and association of persons whose last date was September 30, 2018, which was extended to April 30, 2019 is now extended up to June 30, 2019.
The FBR also extended the last date for corporate entities whose last date for filing income tax returns was December 31, 2018 and extended up to April 30, 2019, it is further extended up to June 30, 2019.
Earlier, Pakistan Tax Bar Association on Saturday urged FBR to extend the last date for filing income tax returns for Tax Year 2018 up to June 30, 2019 considering the recently launched tax amnesty scheme.
In a letter to FBR Chairman Syed Muhammad Shabbar Zaidi, the PTBA informed that the Asset Declaration Ordinance, 2019 was announced on May 16, 2019 and the last date for filing declaration is June 30, 2019.
The PTBA urged the FBR chairman to extend the last date for filing of return of income and statement of final taxation for individuals, Association of Persons (AOPs) and companies (other than public limited companies quoted on stock exchange) to June 30, 2019.
The last date was already extended by the FBR till April 30, 2019 through Circular No. 03/2019 dated March 31, 2019.
The apex tax bar said that the extension would encourage the new taxpayers to bring their house in order and come into the mainstream of economic activities by availing the benefit to become active taxpayers.
