Latest FBR Releases
A news item has been published in some of the newspapers on 16th August, 2015, stating that Mr. Haroon Akhtar Khan, Special Assistant to Prime Minister on Revenue has asked non-filers to file their tax return by February 28, 2016 and get exemption from Withholding tax deduction on their bank instruments.
It is hereby clarified that Mr. Haroon Akhtar Khan along with Mr. Shahid Hussain Asad, Senior Member (Inland Revenue Policy) and Mr. Nadeem Dar, Member Facilitation and Taxpayer Education (FATE) and Mr. Zubair Tufail from Federation of Pakistan Chambers of Commerce & Industry met representatives of the traders at Islamabad Chamber of Commerce & Industry on 12th August, 2015, to discuss reservations of traders on new Withholding tax on bank instruments of “non-filers”.
Different proposals were raised by the traders’ representatives. The non-filers were advised by Mr. Haroon Akhtar Khan to file their Income Tax Returns and attain the status of “filer” and thus avoid application of Section 236P envisaging withholding tax on bank instruments of non-filers. He never mentioned 28 February, 2016 as closing date for non-filers to file their income tax returns for tax year 2014. The FBR strongly denies attribution of this date to Mr. Haroon Akhtar Khan, Special Assistant to Prime Minister on Revenue.
FBR takes this opportunity to advise “non-filers” to become “filer” by filing return for tax year 2014 immediately and avoid application of section 236P envisaging withholding tax on bank instruments of non-filers.