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25pc more taxpayers file returns this year

25pc more taxpayers file returns this year

ISLAMABAD: Twenty five per cent more taxpayers from all over the country are submitting annual income tax returns as compared to last year’s income tax returns due to the tax relief package announced by the Prime Minister to get relief from the total audit, an official of Federal Board of Revenue has disclosed.

“Long queues are seen at the offices of the Regional Tax Officers. The taxpayers say that they have preferred to deposit taxes in the national exchequer instead of paying heavy fees to tax practitioners,” he added.

He further said that an additional Rs25 billion are expected to be collected in this fiscal year due to tax audit exemption scheme.

For the general taxpayer, Dec 15 and for companies finishing on 2012, December 31 is the last date for submitting tax returns. The companies closing their financial year on June 30, 2013 can submit their returns along with the tax amount by Dec 31, 2013.