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

KW&SC launches rapid overhaul of vital BRT water pipeline

The Karachi Water and Sewerage Corporation (KW&SC) has begun expedited work to replace a deteriorated…

2 weeks ago

Pakistan’s First Centre of Excellence in Gaming and Animation Launches its Inaugural Startup Cohort

Pakistan’s gaming and animation ecosystem enters a transformative phase as the Centre of Excellence in…

2 weeks ago

Cloudflare Outage Disrupts Major Online Platforms, Including X and OpenAI

A multi-platform outage struck earlier today, triggered by service issues at content delivery network (CDN)…

3 weeks ago

Your Guide to Safe Rides and Deliveries with inDrive

Taking a ride or sending a package shouldn’t come with second guesses. That’s why inDrive,…

2 months ago

Irfan Junejo to Represent Pakistan as Begin Partners with LaLiga for Exclusive FC Barcelona Interviews

First-ever official representation from Pakistan at FC Barcelona’s base camp marks a new chapter in…

2 months ago

Dowry: A Deadly Tradition That Must End

A young bride from Gujranwala has become the latest victim of a cruel and deep-rooted…

2 months ago