The Federal Board of Revenue has extended the deadline for filing of income tax returns till October 31.
Federal Minister for Finance Ishaq Dar on Friday approved extension date for filing of Income Tax Returns/Statements by Companies, salaried individuals, other individuals and AOPs, till October 31, 2017.
The minister approved the extension in view of requests made by tax bars and various trade and other associations due to Eid-ul-Azha and Muharram holidays, both falling in September.
According to a recent report published by the World Bank, Pakistan suffers an annual tax loss of Rs3.2 trillion due to weak enforcement and low compliance by taxpayers.
