The Federal Board of Revenue (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 till June 25 this year. The move, a press handout said on Friday, was made in view of the positive response of taxpayers.
FBR had announced the Default Surcharge and Penalty Waiver Scheme via SRO-547(I)/2012 of the Income Tax and SRO-548(I)/2012 of ST & FED dated May 22 this year 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 tax defaulters who paid the principal amount of due tax on or before May 31 this year. The handout advised taxpayers to consult SRO-547(I)/2012 of the Income Tax and SRO-548(I)/2012 of ST & FED dated May 22, 2012 available at FBR's website.-PR
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