FBR sends punitive action warning to over 125,000 non tax filers across the country

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FBR sends punitive action warning to over 125,000 non tax filers across the country

KARACHI: Federal Board of Revenue sends punitive action warning to over 125,000 non tax filers across the country.

The Federal Board of Revenue (FBR) has decided to take ‘penal’ action against more than 125,000 noncompliant individuals who are yet to file returns for the tax year 2018, reported *The News*.

Individuals who had received notices for non-filing of income tax returns for the tax year 2018 are allowed to file their returns with payment of nominal amount of fine to avoid penalties.

According to the report, the Regional Tax Office (RTO)-II Karachi identified more than 125,000 individuals, who filed their income tax returns for tax year 2017, but they couldn’t file their income tax returns for tax year 2018.

Last date for returns filing of tax year 2019 is October 31.