Trade: (ICCI demands FBR to extend deadline for e-filing of income tax returns)

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

ICCI President Muzzamil Hussain Sabri, in a statement here on Monday said that many taxpayers were out of the country for performing Hajj and were unable to file tax returns on time. He said due to Eid ul Azha holidays, a large number of taxpayers were also facing problems in filing of income tax returns by September 30, 2015.

He said these constraints call for extension in last date for filing of tax returns and FBR should extend deadline by 31st October 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 up to 31st October 2015 as due to Eid ul Azha holidays, it was difficult for them to pay enhanced rate of 0.6 percent withholding tax after 30th September 2015.

He said 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 stressed that FBR should develop 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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