RTI deposit: The due date for filing the Unaudited Income Tax Return (ITR) has passed and those who have not filed their ITR by the due date indicated, they must file their return before the last filing date of the ITR, i.e. December 31, 2022. When filing this year’s ITR, some taxpayers may find financial information that should have been part of their previous ITRs. For these taxpayers, the central government has introduced the Income Tax Return-Update (ITR-U), which allows a taxpayer to comply with their tax responsibilities without having to worry about the law. Finance Minister Nirmala Sitharaman made an announcement in this regard during the presentation of the Union budget in February 2022.
FIRS extends due date for corporate tax returns — Business — The Guardian Nigeria News – Nigeria and World News
The Federal Inland Revenue Service (FIRS) has extended the filing date for corporate income tax returns for businesses for the 2022 tax year to August 31, 2022. According to the FIRS, the extension concerns companies that were unable to meet the earlier deadline of June 30, 2022. The FIRS, in a statement signed by its […]
FBR office. – APPLICATION FBR will recover 7.2 trillion rupees in taxes for the next budget as dictated by IMF. The board proposes a tax collection target within a range of Rs 6.9 trillion. Income tax reforms aim to increase progressivity. ISLAMABAD: The Federal Board of Revenue (FBR) has been asked to recover 7.2 trillion […]
Government ministers are expected to favor widening income tax brackets as a means of easing the tax burden on middle-income earners from a new rate of 30%. The annual Tax Strategy Group (TSG) papers, to be released by the Department of Finance on Wednesday, will set out the pros and cons of each approach, including […]