KTBA seeks extension in tax return deadline

Karachi Tax Bar Association (KTBA) on Friday requested the Federal Board of Revenue (FBR) to extend the date of e-filing of corporate and non-corporate tax returns and statements till January 31, 2017. In a letter, sent to Finance Minister Ishaq Dar, the KTBA said that the date of e-fling of non-ccorporate tax returns and statements for the tax year 2016 had already been expired on December 15 last and the date of corporate tax returns was going to expire on December 31.
It cited that Bar had time and again informed the FBR about the difficulties and problems being faced by the taxpayers in e-filing of the tax returns 2016. It further said that although the efforts of FBR and PRAL in making the IRIS system efficient and workable were laudable, the system was still slow and was not up to the mark and was creating difficulties especially during the last hours.
The letter further said that IRIS system, which was malfunctioning till the end of October, 2016. It said that from November 1, 2016, system was relatively improved and since then, the taxpayers and tax consultants were striving to complete the job of filing of taxes. However, they remain unable to do so, due to slow functioning and the huge backlog of tax returns of the regular filers. Keeping all this in view, the KTBA requested the finance minister to extend the date of e-filing of corporate and non-corporate tax returns and statements till January 31, 2017 in order to facilitate the genuine tax-filers.