Headlines

Sindh extends agricultural income tax filing deadline to November 15

The Sindh Revenue Board (SRB) has extended the deadline for filing agricultural income tax (AIT) returns for the tax year 2025 to November 15, allowing taxpayers additional time to comply with filing requirements.

According to a circular issued on Thursday, taxpayers may now submit AIT-03 forms by the new deadline. These forms were earlier due at the end of October under a previous circular issued on October 6.

The extension has been granted under the Sindh Agricultural Income Tax Rules, 2025, with approval from the provincial government, the SRB said. The move is intended to facilitate taxpayers and ensure smooth submission of returns across the province.

As part of the recent tax policy adjustments, the Sindh government has postponed the implementation of up to 45% agriculture income tax for one year and restored the previous 15% rate, citing that higher rates could not be applied retrospectively from January 2025, according to The Express Tribune.

The Sindh Agriculture Income Tax (Amendment) Ordinance 2025, promulgated by Governor Kamran Khan Tessori on Tuesday, takes effect from January 1, 2025, effectively deferring IMF-agreed reforms to July 2025.

The move aligns Sindh with Punjab, which last month issued a notification delaying the enforcement of higher agriculture income tax rates until the next fiscal year.


Discover more from Brackly News

Subscribe to get the latest posts sent to your email.

People also read

Around Rs70-80 billion remitted outside Pakistan annually for foreign exam and degree fees: report

Brackly News

CCP clears PEL’s acquisition of stakes in PKP Group Companies

Brackly News

Aisha Steel Mills, International Steels to challenge hefty CCP fines for cartelization

Brackly News

Leave a Comment

Discover more from Brackly News

Subscribe now to keep reading and get access to the full archive.

Continue reading