FBR extends income tax return filing deadline to Oct 31

According to The Express Tribune, the Federal Board of Revenue has pushed the return submission date for the 2026 tax year to October 31, adding 16 days. The change was announced on Thursday and covers taxpayers who were originally required to file by September 30 and had already received a stretch to October 15. The FBR cited petitions from trade groups and tax bar associations as the basis for the decision.

The move is the second extension the revenue authority has announced within a month, following an October 1 announcement that shifted the deadline from September 30 to October 15. The FBR posted the notice on X, invoking its powers under Section 214A of the Income Tax Ordinance, 2001.

The authority is working toward an annual target of Rs15.263 trillion agreed with the IMF, which implies a 17.4% rise over last year's receipts. Income tax collection reached Rs685 billion, Rs74 billion short of the two-month target and 4% lower than a year earlier. Sales tax brought in Rs719 billion, beating its target by Rs85 billion, while customs duty collected Rs198 billion and federal excise duty Rs118 billion.