Islamabad, July 8, 2023 – The filing of annual income tax returns and statements of assets for the tax year 2023 has officially commenced in Pakistan, according to official sources from the Federal Board of Revenue (FBR). The FBR opened its return filing portal, known as IRIS, on July 1, 2023, covering the period from July 1, 2022, to June 30, 2023.
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A senior tax official confirmed that as of July 7, 2023, approximately 550 income tax returns for the tax year 2023 have been filed. The tax authorities have reported that the IRIS portal is functioning smoothly, allowing taxpayers to easily fulfill their filing obligations.
It is important to note that the FBR has granted taxpayers a three-month window, as prescribed by the statute, to fulfill their national duty of filing returns. The deadline for filing the income tax return for the tax year 2023 is September 30, 2023. This requirement applies to a wide range of taxpayers, including salaried individuals, business owners, Associations of Persons (AOPs), and companies with special fiscal years.
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The commencement of the tax return filing process signifies an essential phase for taxpayers in fulfilling their legal obligations and contributing to the country’s revenue generation. It is a crucial aspect of maintaining a transparent and accountable taxation system in Pakistan.
Taxpayers are encouraged to take advantage of the available time to ensure accurate and timely filing of their returns. Filing within the stipulated timeframe will help avoid any penalties or legal repercussions that may arise from non-compliance.
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The FBR remains committed to facilitating taxpayers throughout the filing process. Taxpayers can access the IRIS portal and avail themselves of various online resources and assistance provided by the revenue board.
Filing tax returns is not only a legal obligation but also plays a vital role in supporting the country’s development initiatives and economic stability. The revenue generated through tax collections is crucial for financing public services, infrastructure development, and other national priorities.
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Taxpayers are advised to consult professional tax advisors or refer to the FBR’s official guidelines and resources to ensure accurate filing of their returns and compliance with relevant tax laws and regulations.
