Latest FBR Releases
Federal Board of Revenue (FBR) has directed all its customs houses and field formations to remain open on December 25th and December 28th, 2008 for the purpose of clearance of imports and exports, says an official statement issued on Tuesday.
According to the statement, chief collector (customs) North Lahore and chief collector (customs) south Karachi have also been directed to coordinate with the National Bank of Pakistan management and the port authorities to ensure the clearance of imports and exports.
Meanwhile, Irfan Nadeem, member Direct Taxes, has made it clear there would be no extension of date for the e-filing of income tax returns for the corporate sector. He said the taxpayers seeking to file their income tax returns in the corporate sector must use e-filing mode and the last date for them to do so will not be extended beyond December 31, 2008.
Similarly, the board has decided not to extend the last date of December 31, 2008 for those wanting to apply for the tax investment scheme whereby individuals can declare their undeclared assets by paying only two per cent of the fair market value of their assets, added Mr. Nadeem. He said already sufficient length of time had been given to people wanting to benefit from
the tax investment scheme which would expire by the end of the current month.
