Tax return filing deadline extended for companies
BTJ Desk Report
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The National Board of Revenue (NBR) has extended the deadline for submission of tax returns for companies until June 15 this year for the tax year 2022-23.
According to a notice, the benefit will be applicable to companies that have sought time from the tax authority to file their tax returns.
The move came as many companies, which follow July-June as the financial year, could not file their returns even after seeking time since the end of Tax Day – January 15 of every year.
Companies account for roughly 60 percent of total income tax– the second biggest source of revenue — collected by the NBR a year.
During the last fiscal year, nearly 29,000 companies filed their tax returns.
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