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NBR extends tax returns submission date until December 31

Staff Correspondent | Published: 15:55, Nov 30,2020 | Updated: 16:02, Nov 30,2020

 
 

The National Board of Revenue extended the deadline for income tax returns submission until December 31 after getting a poor response from taxpayers and demands from stakeholders, including trade bodies amid the COVID-19 situation.

NBR chairman Abu Hena Md Rahmatul Muneem said it at an emergency press briefing on Monday.

No penalty and delay interest will be charged for filing tax returns during the extended time.

The NBR income tax wing issued a notification in this connection on the day.

The deadline was scheduled to expire on November 30.

Earlier on Sunday Muneem at a press briefing said that no additional time would be given for returns submission as taxpayers got enough time for the task.

Officials said that NBR now had changed its decision after getting a poor response from taxpayers in filing tax returns as many of them could not complete their preparations, including collecting required documents.

Considering the situation, NBR decided to extend the time limit, they said.

As of June 30, 2020, total electronic taxpayer identification number holders in the country was 50,72,567 and all TIN holders, with some exceptions, are supposed to file tax returns.

Only 15 lakh or 26 per cent of the TIN holders filed their tax returns as of Thursday.

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