To maximize the amount of money that may be collected in taxes during the current month, the Federal Board of Revenue (FBR) has issued a directive to all of the field offices of the Inland Revenue demanding that they accelerate their efforts to collect taxes by September 28, 2023.
The FBR has published instructions for the collection of duties and taxes for the month of September 2023 in a notification that was sent out on Friday. It is important to know that Eid Milad-un-Nabi is going to be celebrated on September 29th, 2023.
The Federal Board of Revenue (FBR) has emphasized the need for all field formations within the FBR to make the necessary arrangements to ensure the collection of taxes and duties before September 28, 2023. These arrangements include advance taxes, withholding income taxes, and the recovery of outstanding tax amounts. Taking this upcoming public holiday into consideration, the FBR has emphasized the importance of this need.
The Federal Bureau of Revenue hopes that by following this instruction, it would be able to increase government revenues, contribute to the general economic growth of the nation, and support public welfare initiatives. The timely collection of taxes continues to be an essential component of both the financial management and expansion of the Pakistani economy.