{"id":100050,"date":"2024-10-18T12:41:36","date_gmt":"2024-10-18T07:41:36","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=100050"},"modified":"2024-10-18T12:41:40","modified_gmt":"2024-10-18T07:41:40","slug":"fbr-grants-one-month-extension-exporters","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/fbr-grants-one-month-extension-exporters.html","title":{"rendered":"Exporters get one-month extension on FBR affidavit submission"},"content":{"rendered":"\n<p>Islamabad: The Federal Board of Revenue (FBR) has postponed the requirement for exporters to submit an affidavit with their sales tax returns for one month, according to a news source on October 18.<\/p>\n\n\n\n<p><strong>Read: <\/strong><a href=\"https:\/\/www.zameen.com\/news\/wealthiest-5-avoid-taxes-fbr-chairman.html\" target=\"_blank\" rel=\"noreferrer noopener\">Wealthiest 5% avoid taxes, amnesty schemes undermine system: Chairman FBR<\/a><\/p>\n\n\n\n<p>In line with the details, this decision addresses concerns raised by various exporter associations, including the Federation of Pakistan Chambers of Commerce and Industry (FPCCI). Exporters will not need to submit affidavits when filing sales tax returns for September, due this month. The FBR will accept alternative proposals from stakeholders until October 31 to address the issue of falsified sales tax returns. The FBR has also indicated the possibility of modifying affidavit requirements if valid concerns are identified. <\/p>\n\n\n\n<p><strong>Read: <\/strong><a href=\"https:\/\/www.zameen.com\/news\/kcci-seeks-fbr-relief-on-sales-tax-affidavits.html\" target=\"_blank\" rel=\"noreferrer noopener\">KCCI seeks FBR relief on Sales Tax Affidavits, cites audit complications<\/a><\/p>\n\n\n\n<p>While the FBR clarified that the affidavit introduces no new legal obligations, it reiterated that falsifying tax returns or using fake invoices is a serious offence under the Sales Tax Act of 1990, carrying both financial and criminal penalties.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The Federal Board of Revenue (FBR) has postponed the requirement for exporters to submit an affidavit with their sales tax returns for one month, according to a news source on October 18. Read: Wealthiest 5% avoid taxes, amnesty schemes undermine system: Chairman FBR In line with the details, this decision addresses concerns raised by various exporter associations, including the Federation of Pakistan Chambers of Commerce and Industry (FPCCI). Exporters will not need to submit affidavits when filing sales tax returns for September, due this month. The FBR will accept alternative proposals from stakeholders until October 31 to address the issue of falsified sales tax returns. The FBR has also indicated the possibility of modifying affidavit requirements if valid concerns are identified. Read: KCCI seeks FBR relief on Sales Tax Affidavits, cites audit complications While the FBR clarified that the affidavit introduces no new legal obligations, it reiterated that falsifying tax returns or using fake invoices is a serious offence under the Sales Tax Act of 1990, carrying both financial and criminal penalties.<\/p>\n","protected":false},"author":88,"featured_media":99068,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15017],"tags":[54453,19230],"persona":[],"class_list":{"0":"post-100050","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-notices-announcements","8":"tag-fbr-news-and-updates","9":"tag-federal-board-of-revenue-fbr","10":"cat-15017-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>FBR Grants One-Month Extension for Exporters - Zameen News<\/title>\n<meta name=\"description\" content=\"FBR delays exporters&#039; affidavit requirement for sales tax returns by one month, providing temporary relief to businesses.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/fbr-grants-one-month-extension-exporters.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FBR Grants One-Month Extension for Exporters - Zameen News\" \/>\n<meta property=\"og:description\" content=\"FBR delays exporters&#039; affidavit requirement for sales tax returns by one month, providing temporary relief to businesses.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/fbr-grants-one-month-extension-exporters.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; Pakistan Property News &amp; Latest Updates - Zameen News\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/ZameenPK\" \/>\n<meta property=\"article:published_time\" content=\"2024-10-18T07:41:36+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-10-18T07:41:40+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2024\/09\/FBR_news-cover.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1170\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Muhammad Zohaib Nasir\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:site\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Muhammad Zohaib Nasir\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"FBR Grants One-Month Extension for Exporters - Zameen News","description":"FBR delays exporters' affidavit requirement for sales tax returns by one month, providing temporary relief to businesses.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.zameen.com\/news\/fbr-grants-one-month-extension-exporters.html","og_locale":"en_US","og_type":"article","og_title":"FBR Grants One-Month Extension for Exporters - Zameen News","og_description":"FBR delays exporters' affidavit requirement for sales tax returns by one month, providing temporary relief to businesses.","og_url":"https:\/\/www.zameen.com\/news\/fbr-grants-one-month-extension-exporters.html","og_site_name":"Pakistan Real Estate News &amp; 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