PkRevenue.com – In an urgent move, the Federal Board of Revenue (FBR) has directed Inland Revenue offices to observe extended working hours today, Friday, May 31, 2024, to bolster revenue collection efforts.
This directive underscores the FBR’s commitment to maximizing revenue realization as the fiscal year draws to a close.
The FBR has communicated these instructions through an official notification sent to Chief Commissioners of Inland Revenue at Large Taxpayers Offices (LTOs), Medium Taxpayers Office (MTO), Corporate Tax Offices (CTOs), and Regional Tax Offices (RTOs). According to the notification, these offices are required to remain open until 8:00 PM to ensure the timely collection of taxes and the realization of all Payment System Identification (PSID) codes.
This initiative aims to provide taxpayers with additional time and support to complete their tax payments and related processes. The extended working hours are expected to facilitate a smoother and more efficient collection process, aiding taxpayers in meeting their obligations before the fiscal year ends.
The FBR directive reflects the importance of meeting revenue targets, especially in the final stretch of the fiscal year. By extending office hours, the FBR aims to enhance accessibility and convenience for taxpayers, thereby encouraging timely compliance and boosting overall revenue collection.
Tax authorities across the country are gearing up to implement this directive. The extended hours will allow them to address any last-minute issues or queries from taxpayers, ensuring that the revenue collection process is as seamless as possible. This proactive approach is anticipated to contribute significantly to the government’s financial goals.
The FBR emphasis on extended working hours highlights its proactive stance in managing and optimizing tax collection. It also underscores the critical role of LTOs, MTOs, CTOs, and RTOs in the national revenue framework, as they are pivotal in executing the FBR’s strategies and directives.
As the fiscal year concludes, the FBR measures are poised to enhance revenue collection outcomes, ultimately supporting the government’s financial stability and economic objectives. This directive is a testament to the FBR’s dedication to ensuring robust and effective tax administration in Pakistan.
