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Tax gap stands at Rs3,000bn: FBR chief

ISLAMABAD: Pakistan’s potential tax gap stands at Rs3,000 billion on an annual basis mainly in the shape of tax exemptions for powerful lobbies, massive tax evasions, and the inability of the.

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Pakistan potential tax gap stands at PKR 3,000 billion

Pakistan Federal Board of Revenue chief Asim Ahmad has said that the potential tax gap stands at PKR 3,000 billion on an annual basis mainly in the shape of t

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Pakistan potential tax gap stands at PKR 3,000 billion

Pakistan potential tax gap stands at PKR 3,000 billion
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Pakistan potential tax gap stands at PKR 3,000 billion

Pakistan potential tax gap stands at PKR 3,000 billion
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Government grants 15-day extension in deadline for filing tax returns

Taxpayers will now have 15 more days for filing tax returns, Finance Minister Shaukat Tarin announced on Thursday. He said that the September 30 deadline was extended on the demand of various trade organizations. Previously, the Federal Board of Revenue (FBR) insisted that the deadline would not be extended at any cost but those who filed their returns online or who submitted a written application would be allowed 15 more days for filing tax returns. All individuals, associations and companies were required to submit their tax returns by the end of the due date (September 30). FBR had asked all its chief commissioners to extend their cooperation with taxpayers. .

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