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

Mozambique’s 50th independence anniversary celebrated

Karachi witnessed a vibrant diplomatic gathering, as the Honorary Consulate of Mozambique marked the country’s…

1 day ago

AKU Welcomes New Dean for Medical College, Pakistan

Professor Karim Damji has been appointed as the Dean of the Medical College, Pakistan. A…

2 days ago

ACCA announces redesign of qualification for a redefined accountancy profession

Global accountancy body ACCA (the Association of Chartered Certified Accountants) has announced a redesign of…

2 days ago

Pakistan Braces for First Monsoon Spell as Authorities Warn of Urban Flooding, Landslides

Pakistan’s first monsoon spell of the season begins today, with widespread rainfall forecast across the…

2 days ago

Advergic Could Be the Most Important AdTech Update for Pakistan in a Decade

Advergic is the only ad tech company in Pakistan officially partnered with Google to directly…

2 days ago

Muslim Socialist Zohran Mamdani Poised to Win NYC Mayoral Primary

33-year-old state legislator Zohran Mamdani is on track to win New York City’s Democratic mayoral…

2 days ago