Default Surcharge and Penalty Waiver Scheme Extended up to 25th June, 2012

FBR has decided to extend the date for availing the “Default Surcharge and Penalty Waiver Scheme” under SRO-547(I)/2012 and SRO-548(I)/2012 upto 25th June 2012, in view of the positive response of the taxpayers for availing the said scheme.

FBR had earlier announced a “Default Surcharge and Penalty Waiver Scheme” through SRO-547(I)/2012 of Income Tax and SRO-548(I)/2012 of ST & FED dated 22.5.2012 for Withholding Agents and Persons against whom Income Tax, Sales Tax or Federal Excise Duty was due and they could not pay in time. The scheme offered waiver of default surcharge and penalties to such tax defaulters who would pay principal amount of due tax on or before 31st May, 2012.

For further details, taxpayers should consult SRO-547(I)/2012 of Income Tax and SRO-548(I)/2012 of ST & FED dated 22.5.2012 available at FBR website.

Riffat Shaheen Qazi
Member (FATE)