Last date for tax returns submission extended to October 31

FBR says it decided to extend deadline in response to requests from trade bodies and various tax bar associations

By Web Desk
October 01, 2023
Last date for submission of tax returns has been extended to October 31. Representational image from Unsplash.

The Federal Board of Revenue (FBR) announced on Saturday that the last date for submission of income tax returns for the tax year 2023 has been extended to October 31, 2023.

The country's top tax-collection body also stressed that no further extensions would be given.

The decision to extend the deadline was made in response to requests from trade bodies and various tax bar associations, the revenue board said.

"Due to the demands from trade bodies and tax bar associations, the deadline for filing income tax returns for Tax Year 2023 has been extended to October 31, 2023," the FBR officially conveyed this update via social media platform X (formerly Twitter) on Saturday.

"However, it is essential to note that no additional extensions will be provided, it concluded.

FBR officials reported that over 1.7 million individuals had already submitted their tax returns. They also said that the number is expected to surpass the two million mark by September 30.

A couple of days ago, the federal body had made the decision not to extend the deadline for tax return submissions, which was initially set for September 30.

The tax slabs for year 2022-23 approved by the former government are:

The then-finance minister, Miftah Ismail — while announcing the federal budget for the fiscal year 2022-23 — revealed the FBR's target for the financial year is 9% — Rs7,004 billion.