Karachi, October 16, 2023 – The Federal Board of Revenue (FBR) has announced a new deadline for filing income tax returns for the tax year 2023.
Taxpayers now have until October 31, 2023, to fulfill their national duty, providing an additional 16 days for compliance.
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This extended deadline applies to various categories of taxpayers, including salaried individuals, business professionals, Associations of Persons (AOPs), and corporate entities with special accounting years.
The original deadline for filing income tax returns for the tax year 2023 was set for September 30, 2023. However, due to concerns raised by stakeholders regarding the online return filing portal’s functionality and accessibility, the FBR decided to extend the filing deadline by one month.
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Income Tax Circular No. 4 of 2023 was issued by the FBR to officially announce the extension of the return filing deadline. While this extension offers taxpayers additional time to complete their tax obligations, official sources within the FBR have indicated that there will be no further extensions, and the final deadline remains October 31, 2023.
This extension provides an opportunity for taxpayers to ensure their tax affairs are in order and submit their returns in compliance with national tax regulations. It is advisable for all eligible individuals and entities to utilize this extended timeframe to meet their tax obligations without the risk of incurring penalties or interest on late submissions.
