FBR extends deadline for retailers to file tax returns

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ISLAMABAD: The Federal Board of Revenue (FBR) notified three schemes including simplified tax regime for traders, the fixed tax regime for small shopkeepers and issuance of business licences to bring the undocumented sectors under the tax net.

In this regard, the FBR announced an extension in the deadline for filing tax returns for the year 2017-18 in a notification issued late Friday.

According to the notification, “the date of filing Income Tax Returns/Statements for the Tax Year 2018 for individuals/AOPs and companies” has been extended till August 9th, 2019.

Prior to this announcement, the deadline had been set for August 2 midnight.