KARACHI, OCT 13 /DNA/ – Atif Ikram Sheikh, President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), has proposed to the Federal Board of Revenue (FBR) to extend the deadline for filing income tax returns for the Tax Year 2025 – currently set to expire on October 15, 2025 – to October 31, 2025.

Mr. Atif Ikram Sheikh apprised that, in a letter addressed to Mr. Rashid Mahmood Langrial, Chairman of the FBR, FPCCI has highlighted the challenges faced by taxpayers and stakeholders in meeting the filing deadline. These include delays in obtaining essential financial documents, technical issues with the FBR portal, and difficulties in integrating Enterprise Resource Planning (ERP) systems with FBR’s digital invoicing requirements.

Mr. Atif Ikram Sheikh emphasized the importance of a taxpayer-friendly approach and urged the FBR to take prompt action to address these concerns. He stressed that to facilitate taxpayers in fulfilling their legal obligations without undue stress, FPCCI has urged the FBR to extend the filing deadline. This extension is expected to provide much-needed relief to taxpayers grappling with these genuine constraints.

SVP FPCCI highlighted that many taxpayers are struggling to gather necessary financial records due to procedural and logistical bottlenecks as FBR’s online portal has been reported to experiencing slow performance and technical glitches – hindering smooth submission of returns.

VP FPCCI said that businesses are facing difficulties in aligning their Enterprise Resource Planning (ERP) systems with the FBR’s digital invoicing requirements; which is causing delays in compliance.