FBR Opens Tax Return Filing Tax Year 2025 – Recently Federal Board of Revenue (FBR) has formally issued the tax return form for Tax Year 2025. It is a great news and now taxpayers can submit their annual income tax returns by using the updated form via the FBR Iris Portal.
It is highly recommended to you to file your annual income tax returns well before the last date to avoid tax notices and penalties thereafter.
What is Deadline Line for Filing Tax Return?
For Filing Tax Return for Tax Year 2025 last date to file tax return for Salaried class, individuals and Partnership businesses is 30th September 2025. For Companies registered under the Companies act 2017 the deadline is 31st December 2025.
Who Should File the Income Tax Return?
You should file your tax return if you fall in any of the following categories:
- If your annual income is more than the taxable threshold which is Rs. 600,000 for salaried, Individual and AOPs.
- You own a business
- Earning rental income from property
- Holder of National Tax Number (NTN)
- All Companies are required to file tax returns
- If you are a freelancer
- for consultants
- If you want to become active tax filer and get active taxpayer status
- If you want to apply for Visa, participate in tenders or apply for bank loans.
- NGOs and charitable organizations
- Earning bank profits on investment in financial institutions
- If Submitted previous two years tax returns
- Owner of immovable property of a specific area
- having vehicle of engine capacity of 1,000 CC or more
- if you are earning foreign income
Benefits of Filing Your Tax Return
Following are the benefits of filing tax return in Pakistan.
- You can avoid heavy penalties
- avoid legal notices for non compliance
- enjoy active filer status
- Exemption from tax withholding on cash withdrawal from bank
- lower rate of tax on sale and purchase of property
- tax reduction on transfer / purchase of vehicle
- carry forward of business losses
- can claim tax refunds
- required for visa purpose
- necessary for applying for bank loans
- mandatory for participating in government contracts
- reduced tax rates on sales of goods and providing of services
Need Help with Filing your Return?
If you need any help in filing your tax return then you may contact us.
Contact:
Global Tax Consultants,
Address: Office No UM-33, Zainab Tower, Model Town, Link Road, Lahore-Pakistan.
