Karachi, December 30, 2024 – The Federal Board of Revenue (FBR) has announced extended working hours for the collection of duties and taxes for the month of December 2024, in a bid to meet its revenue collection targets.
In an official notification issued on Monday, the FBR directed Chief Commissioners of Inland Revenue from Large Taxpayers Offices (LTOs), Medium Taxpayers Offices (MTOs), Corporate Tax Offices (CTOs), and Regional Tax Offices (RTOs) to remain operational during extended hours on key dates. Specifically, tax offices will function until 7:00 PM on December 30, 2024, and until 10:00 PM on December 31, 2024.
The FBR is under significant pressure to achieve its revenue collection goals for the current period ending December 31, 2024. To address this challenge, the FBR had earlier instructed tax offices to remain open during the weekend, treating December 28 and December 29 as regular working days to ensure uninterrupted tax collection.
The decision to extend working hours is aimed not only at maximizing tax revenue but also at facilitating taxpayers, particularly corporate entities, in meeting their tax obligations. The deadline for corporate income tax return filings for the tax year 2024 is December 31, 2024. The FBR’s move is expected to provide businesses with additional time and support to file their returns and clear any outstanding tax liabilities.
FBR officials have reiterated the importance of these measures in achieving revenue targets, emphasizing the critical role of taxpayer cooperation. The extended hours will ensure that businesses, especially those facing tight schedules at the year’s end, have ample opportunity to comply with tax regulations without unnecessary delays.
This initiative underscores the FBR’s commitment to both its revenue goals and the convenience of taxpayers. By aligning administrative operations with the needs of the business community, the FBR aims to foster greater compliance and facilitate smooth tax collection processes as the fiscal year approaches its conclusion.