KTBA seeks date extension for filing statement, tax returns

KTBA seeks date extension for filing statement, tax returns

Karachi Tax Bar Association (KTBA) on Thursday urged the Federal Board of Revenue (FBR) to extend date for filing statement and returns.

KTBA President Syed Rehan Hasan Jafri in a letter sent to FBR Chairman Asim Ahmad requested to extend the date of filing quarterly income tax withholding statement and monthly sales tax return for June 2022 up to July 31, 2022.

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The KTBA informed the FBR chairman that as business of the whole country was closed due to the Eid holidays from July 08, 2022 to July 12, 2022 whereas the last date for filing the Quarterly Statements under the Income Tax Ordinance, 2001, and Monthly Sales Tax Return under the Sales Tax Act for the Tax Period of June 2022 is due on the 20th July, 2022 and the 15th July, 2022 and the 18th July, 2022 respectively.

READ MORE: FBR urged to remove irritants in sales tax refund

Due to the holidays, few working days are left to feed and put all the data entries in the Quarterly Statement and Monthly Sales Tax Return which may kindly be extended looked into for the sake of facilitation on the genuine taxpayers of the country who are working on behalf of the FBR as withholding agents and contributing a huge amount into the exchequer without any compensation as their legal obligation.

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The tax bar urged the FBR to extend the date of filing the quarterly income tax withholding statement and monthly sales tax return for the tax period of June 2022 till July 31, 2022 in order to enable the taxpayers to complete the work and to facilitate them to make compliance.

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