Islamabad, August 1, 2023 – The Federal Board of Revenue (FBR) in Pakistan has officially announced the last date for filing income tax returns for the tax year 2023.
Taxpayers have until September 30, 2023, to fulfill their national duty and submit their returns to contribute to the country’s revenue generation.
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The income tax return filing process for Tax Year 2023 commenced on July 1, 2023, giving taxpayers a two-month window to ensure compliance with their legal responsibilities. The FBR has adhered to the statutory requirements by providing a three-month period for taxpayers to complete this essential obligation.
This deadline applies to a wide range of taxpayers, including salaried individuals, business owners, Associations of Persons (AOPs), and companies with special fiscal years. The filing of income tax returns plays a crucial role in maintaining a transparent and accountable taxation system in Pakistan.
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Officials at the FBR are urging taxpayers to utilize the available time efficiently to ensure accurate and timely filing. Meeting the specified deadline will help taxpayers avoid potential penalties or legal consequences associated with non-compliance.
The FBR is committed to facilitating taxpayers throughout the filing process. To streamline and simplify the procedure, taxpayers can access the IRIS portal and avail themselves of various online resources and assistance provided by the revenue board.
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Filing tax returns not only fulfills a legal obligation but also plays a pivotal role in supporting the country’s development initiatives and ensuring economic stability. The revenue generated through tax collections is vital for financing public services, infrastructure development, and other national priorities.
To ensure accurate filing and compliance with relevant tax laws and regulations, taxpayers are advised to seek guidance from professional tax advisors or refer to the FBR’s official guidelines and resources.
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In conclusion, the FBR’s announcement of the income tax return filing deadline for Tax Year 2023 serves as a reminder for all eligible taxpayers to fulfill their duty and contribute to the nation’s progress by submitting their returns within the stipulated timeframe. By doing so, they actively participate in the nation-building process and help pave the way for a prosperous and economically sound Pakistan.
