FBR Makes Filing Tax Returns Mandatory for Commercial Consumers of Electricity, Gas – Research Snipers

FBR Makes Filing Tax Returns Mandatory for Commercial Consumers of Electricity, Gas

tax returns

It has been declared a must for the commercial and industrial consumers of electricity and gas to file tax returns.

On Sunday, Chairman of Federal Board of Revenue—Shabbar Zaidi said that it was a must for the industrial and commercial consumers of electricity and gas to get themselves listed in the Active Taxpayer List of the Revenue Authority.

In a statement, the chairman FBR said that filing tax returns was a must for people owning a residential property within a timeframe of more than 500 yards or an automobile above 1000cc.

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He indicated that the deadline for filing tax returns or wealth statements for the Tax Year 2018 had been extended to the 2nd of August 2019.

Zaidi added that citizens should take benefit from this chance for avoiding any inconvenience.

The government of Pakistan has recently been making efforts for bringing more and more people into the tax net and to document the economy.

The revenue board has announced about the extension in the deadline for filing the financial statements on the 1st of July.

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