ICCI demands extension in deadline for filing of tax returns

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Islamabad Chamber of Commerce and Industry (ICCI) has called upon the Federal Board of Revenue to extend the deadline of Sep 30, 2015 for e-filing of income tax returns to October 31, 2015 to facilitate the taxpayers.

President ICCI Muzzamil Hussain Sabri said that many taxpayers were out of the country for performing Hajj and were unable to file tax returns on time. He said that a large number of taxpayers were also facing problems in filing of income tax returns by 30-09-2015 due to Eidul-Azha holidays. He said that these constraints call for extension in last date for filing of tax returns and FBR should extend the deadline to October 31, 2015 so that business community and taxpayers could feel facilitated in filing of income tax returns.

He said FBR should also seriously consider extending reduced rate of 0.3 percent withholding tax on banking transactions of non-filers to October 31, 2015 as due to Eidul Azha holidays, it was difficult for them to pay 0.6 per cent withholding tax after September 30, 2015.

ICCI President said that the current English version e-forms of income, sales and withholding tax were very lengthy and complicated, due to which, it was a tough task for a common taxpayer to understand and fill these forms. He said that FBR should provide all e-forms of tax returns in Urdu language and make them very simple and easy so that majority of taxpayers could easily e-file their tax returns.

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