FBR grants relaxation in filing of declarations
ISLAMABAD: The Federal Board of Revenue (FBR) has decided to grant one-time opportunity to the taxpayers who paid their tax under the Assets Declaration Ordinance 2019 but somehow could not file their declarations.
The Assets Declaration Ordinance 2019 was promulgated on May 14, 2019 for the payment of tax and declaration of corresponding assets by June 30, 2019. The due date was extended till July 3, 2019.
Taking cognizance of the hardships caused and to facilitate the aggrieved citizen taxpayers, the revenue board has decided to allow filing of declarations for all those taxpayers/individuals who deposited the tax under the ordinance within the due date, i.e., July 3, 2019 but could not file their declarations due to any reason.
The system has been enabled for the purpose and all taxpayers can now file their declarations between September 10, 2021 and September 25, 2021.
This is a special dispensation granted under Section 7 of the Federal Board of Revenue Act, 2007.
Riyadh International Book Fair to feature 120 cultural events
RIYADH: A particularly rich and diverse cultural programme will characterise the Riyadh...
Increase in electricity rates sparks chain reaction
KARACHI: The government’s recent increase of Rs5/litre in petrol (motor spirit) prices...
Reforms bring more misery to taxpayers
KARACHI: The introduction of the Tax Laws (Third Amendment) Ordinance, 2021 has...
PricewaterhouseCoopers to create over 6,000 jobs
RIYADH: PricewaterhouseCoopers (PwC) Middle East will build a new regional consulting headquarters...
Equitable access to digital economy key to build resilience
DUBAI: The United Nations Sustainable Development Goals (SDGs) had always been about...