Tax Filing Momentum Builds: Over 87,000 Returns Filed in Just Two Days

In a turn of events, the Federal Board of Revenue (FBR) has extended the income tax return filing deadline by 15 days, moving it to October 15, 2025. While this offers temporary relief, tax experts stress that ongoing system glitches and portal slowdowns warrant a further 30-day extension till November 15. So far, 4.1 million returns have been filed, with daily submissions surging to 56,600 on September 30. However, FBR’s ambitious target of 10 million filers remains distant compared to last year’s 7.6 million. Taxpayers are urged to file promptly instead of waiting for another last-minute extension notification.

No Extension in Deadline for Filing Income Tax Returns: FBR

The Federal Board of Revenue (FBR) has categorically denied rumors of an extension in the deadline for filing Income Tax Returns 2025. FBR clarified that the last date remains 30th September, rejected claims of IRIS slowdown, and warned taxpayers of penalties for late filing.

FBR Removes Estimated Market Value Column Amid Ongoing Confusion

The Federal Board of Revenue (FBR) has withdrawn the controversial Estimated Current Market Value (ECMV) column from the 2025–26 income tax return form, just days before the September 30 deadline. While the move eases compliance, taxpayers remain frustrated over frequent last-minute changes. TaxationPk calls on FBR to stop experimenting with return formats so close to deadlines and finalize reforms well in advance.

FBR Hopes Rs. 200 Billion Recovery as Super Tax Verdict Approaches

The Federal Board of Revenue is banking on a Rs. 200 billion recovery from super tax cases, with a verdict expected soon. Officials have briefed the IMF on possible shortfalls, revenue losses from floods, and proposed measures including enforcement actions and a flood levy to meet fiscal targets.

Wealth Statement Format Alteration: FTO Orders Probe

The Federal Tax Ombudsman has launched an inquiry against FBR for secretly altering the Wealth Statement format just before the filing deadline. Tax experts and the PTBA say the sudden addition of an “Estimated Current Market Value” column is unlawful, burdensome, and exposes taxpayers to harassment and litigation.

FBR Partners with LUMS to Launch Postgraduate Diploma Programme for Officers

The Federal Board of Revenue (FBR) has partnered with the Lahore University of Management Sciences (LUMS) to introduce a customized Postgraduate Diploma (PGD) Programme for its officers. The initiative, starting October 20, 2025, is part of FBR’s Transformation Plan to modernize tax administration through digitalization, data analytics, and advanced enforcement measures.