Advertisement
Categories: BusinessNewsPakistan

KCCI Demands Extension on Tax Filing Deadline

Advertisement

The Karachi Chamber of Commerce and Industry (KCCI) has urged the Federal Board of Revenue (FBR) to extend the deadline for filing tax returns, citing issues with the FBR’s online portal.

In a statement, KCCI President Iftikhar Ahmed Shaikh highlighted the difficulties traders are facing due to the malfunctioning portal, as the current tax return deadline approaches.

Shaikh called on the FBR to grant a one-month extension, arguing that traders will struggle to meet the September 30 deadline if the system issues aren’t resolved.

He also stressed the need for simplifying the tax filing process for ease of use.

Despite these concerns, the FBR has warned citizens against waiting until the last moment to file their returns. On Saturday, FBR spokesperson Bakhtiar Muhammad encouraged taxpayers to file before the deadline, insisting that no extensions will be given.

Muhammad also noted the importance of tax compliance for Pakistan’s economic health, stating that non-compliance could result in disconnections of electricity and gas services, and even the blocking of SIM cards for those failing to submit their returns on time.

Advertisement
News Desk

Recent Posts

Pakistan to Witness Nearly 7 Million Animal Sacrifices on Eid-ul-Adha

Pakistan is expected to witness the sacrifice of more than 6.97 million animals during Eid-ul-Adha…

17 hours ago

US Tech Fund commits $10 million to 2 Pakistani IT entrepreneurs

Pakistan's two IT entrepreneurs-- Mehwish Salman Ali and Malik Mudassir—will receive funding of $10 million…

21 hours ago

Spotify’s Fresh Finds Celebrates a Decade of Discovering Breakout Talent

Spotify has announced a major milestone for 2025 - 10 years of Fresh Finds, the…

22 hours ago

Sindh Govt Bans Qingqi Rickshaws in Karachi, Imposes Heavy Fines Under New Traffic Reforms

Sindh’s Minister for Law and Home Affairs, Ziaul Hassan Lanjar, has approved sweeping changes to…

22 hours ago

AKU LEADS with micro-credentials: A flexible programme for academic advancement, upskilling and reskilling

Today, the world is changing rapidly more so than ever before with disruptive technological development…

22 hours ago

Aeon & Trisl Secures Emaar’s Top Broker Title for Q1 2025 – 7 Quarters in a Row

Aeon & Trisl Real Estate Group has once again claimed the coveted title of Emaar’s…

22 hours ago