- The Federal Board of Revenue has introduced a procedure for taxpayers to request extensions for filing sales tax returns
- Taxpayers must apply in writing for an extension by the original due date
- Extensions may be granted for reasons such as absence from Pakistan, sickness, or other valid causes
- The extension period is typically up to 15 days unless exceptional circumstances apply
- If denied, the matter can be escalated to the Chief Commissioner for a possible further extension
- Extensions for filing do not affect the due date for sales tax payment, and late payments will incur surcharges
- The FBR aims to balance compliance with fairness for taxpayers facing genuine difficulties
- Tax practitioners and registered persons should familiarize themselves with the extension process as outlined in Section 26AB
- The FBR is committed to maintaining a taxpayer-friendly environment while ensuring compliance with tax regulations
Source: pkrevenue.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
