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Taxation – FBR Shuts Door on Tax Return Extension, Warns of Penalties as Deadline Looms

The Federal Board of Revenue (FBR) has delivered a final verdict against extending the September 30 deadline for income tax return submissions for Tax Year 2025, warning that individuals and businesses who fail to comply will face legal repercussions.

In a statement issued on Monday, the national tax collection agency addressed what it termed ‘unverified reports’ circulating in sections of the media suggesting a possible postponement of the final date.

The authority clarified its position, pointing out that a ‘vast majority of taxpayers reside in areas unaffected by floods’ and have been provided with ample time to discharge their national obligation of filing returns.

The FBR also refuted assertions that its online filing portal, IRIS, had slowed down, maintaining that the platform was ‘fully operational and functioning smoothly.’ The board reminded filers that a new, simplified return form is available to facilitate the process.

A stern warning was issued against non-compliance. The FBR stated that failure to submit returns by the cutoff date would result in taxpayers being categorized as late-filers, subjecting them to penalties stipulated under the law.

However, the tax body did outline a narrow exception. For cases of ‘extreme hardship,’ taxpayers may apply for a short extension of up to 15 days. This provision is conditional upon the payment of all due taxes by the September 30 deadline and requires formal approval from the relevant committee.

The board advised taxpayers to act responsibly and ensure accurate, timely filing to avoid any adverse legal consequences.

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