{
  "id": 12532671,
  "title": "FBR allows late returns without surcharge",
  "url": "https://urgent.news/2026/10/07/fbr-allows-late-returns-without-surcharge",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-07T03:09:43.000Z",
  "source": {
    "name": "Dawn Business",
    "slug": "dawn-business",
    "url": "https://www.dawn.com/news/2035295/fbr-allows-late-returns-without-surcharge"
  },
  "original_language": "en",
  "account": "The Federal Board of Revenue (FBR) in Pakistan has introduced new rules that permit taxpayers to file their income tax returns after the due date or extended deadline without incurring a surcharge. To be included in the Active Taxpayers’ List (ATL), individuals must submit an undertaking through the FBR’s Inland Revenue Information System (IRIS) portal, pledging not to acquire any property for six months following the submission. This concession, outlined in draft amendments to the Income Tax Rules 2002 (SRO1690), requires stakeholder feedback before final implementation. The six-month restriction begins from the date indicated on the IRIS acknowledgement generated upon successful submission of the new Form ATL-U. The FBR retains the authority to verify compliance with the undertaking using records from various sources, including the Income Tax Ordinance and information from other legal entities. If a taxpayer is found to have acquired property within the six-month period, they will be given an electronic hearing before their surcharge-free inclusion in the ATL is revoked. The proposed rules also include a new undertaking form (ATL-U) that requires personal details, tax year, filing date, IRIS acknowledgement number, and the date the undertaking is submitted. IRIS will electronically confirm the validity of the undertaking.",
  "summary": "ISLAMABAD: The Federal Board of Revenue (FBR) has proposed new rules allowing individuals who file their income tax returns after the due date or extended deadline to be included in the Active Taxpayers’ List (ATL) without paying the prescribed surcharge. The concession, however, will be subject to the condition that the individual undertakes not to purchase, acquire or otherwise obtain ownership…",
  "key_points": [
    "FBR permits late income tax returns without surcharge.",
    "Taxpayers must submit undertaking via IRIS portal.",
    "Six-month restriction begins from IRIS acknowledgement date."
  ],
  "editors_take": "Taxpayers in Pakistan can now file late returns without a surcharge if they pledge not to acquire property for six months, a concession that may encourage compliance but also imposes new restrictions.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}