Last date for filing tax returns extended till August 2: chairman FBR

ISLAMABAD: Chairman Federal Board of Revenue (FBR) Shabbar Zaidi on Sunday said the last date for filing tax returns for the year 2018 has been extended till August 2^.

According to Radio Pakistan, Zaidi in a press release issued from Islamabad urged the people to benefit from this opportunity and file their tax returns timely to avoid difficulties.

He said according to the Income Tax Ordinance, filing of the tax return is compulsory for those who own a house larger than five hundred square yards or a vehicle over 1000 cc.

The chairman FBR, said that according to Clause 181 AA of The Income Tax Ordinance 2001, it is imperative for the commercial and industrial gas and electricity consumers to become part of the Active Taxpayers List (ATL).

Last month, Shabbar Zaidi had said that the FBR is working on a long term strategy for expanding the tax net in the country.

In his statement issued from Islamabad, he underlined the need for building the confidence of business fraternity for jacking up the economic sector of the country.

Zaidi admitted that the tax recovery in the country was not up to the mark. He, however, had said that there was a dire need to improve the tax recovery sector.