FBR dismisses possibility of extending Sept 30 tax return filing deadline

The Federal Bureau of Revenue has decided not to extend the September 30 deadline for tax return submissions, a departure from previous years. The decision reflects the government’s efforts to increase revenue generation and expand the tax net. Individuals facing difficulties in meeting the deadline can seek individual extensions. The FBR is also considering drastic measures such as freezing bank accounts and banning property and vehicle purchases for tax evaders. The authority aims to address a significant tax shortfall and bring non-filers into compliance. These measures are part of a broader effort to meet annual tax collection targets and secure a fresh bailout deal with the IMF.