Islamabad, December 20, 2024 – The Federal Board of Revenue (FBR) announced an extended work schedule for its tax offices during upcoming weekends in December 2024 to ensure smooth collection of duties and taxes.
In an official notification, the FBR directed Chief Commissioners of Inland Revenue across Large Taxpayers Offices (LTOs), Medium Taxpayers Offices (MTOs), Corporate Tax Offices (CTOs), and Regional Tax Offices (RTOs) to observe regular working days on Saturday, December 21; Saturday, December 28; and Sunday, December 29, 2024. This step aims to bolster enforcement efforts and support revenue collection targets for the second quarter of the fiscal year 2024-25.
Objective Behind the Decision
The FBR’s decision reflects its proactive approach to achieving revenue targets amidst tightening fiscal challenges. The directive ensures that taxpayers and businesses can fulfill their obligations during the extended hours, minimizing delays in tax submission and compliance. It also underscores the government’s commitment to maintaining momentum in revenue generation during the critical end-of-year period.
The directive specifically focuses on enhancing operations within key tax offices. These offices, including LTOs, MTOs, CTOs, and RTOs, play a vital role in facilitating large-scale revenue collection from corporate entities, medium-scale enterprises, and regional taxpayers.
Implementation and Compliance
Tax offices across Islamabad and other regions are instructed to remain fully operational during the specified holiday dates, observing their regular schedules. Field formations are tasked with expediting enforcement measures and resolving any pending matters that could impact revenue collection.
The FBR has also advised its officers and staff to coordinate with taxpayers, ensuring smooth operations and adherence to compliance deadlines. This initiative aims to eliminate bottlenecks in tax collection while providing businesses the flexibility to meet their fiscal responsibilities.
Anticipated Impact
The extended working schedule is expected to provide significant support in achieving second-quarter revenue goals for fiscal year 2024-25. It also highlights the FBR’s dedication to ensuring an efficient and accountable tax administration system.
This step reinforces the FBR’s strategic focus on meeting fiscal targets while accommodating taxpayers’ needs, particularly during the busy holiday season. Businesses and individuals are encouraged to utilize these additional working days to settle outstanding tax obligations and contribute to the nation’s economic stability.