TAXES AND JOBS UPDATES - BY INSTITUTE OF

TAXATION AND FINANCE (SINCE 1998)

FBR DECLARES FULL WEEKEND REVENUE
OPERATIONS FOR MARCH
In a move aimed at bolstering revenue collection efforts, the Federal Board of Revenue
(FBR) has declared full working days during the last weekend of March 2024, suspending
the usual observance of weekly holidays.

The decision, announced on Wednesday, comes as part of the FBR’s ongoing efforts to
facilitate taxpayers and streamline revenue collection processes. The directive, issued to
Chief Commissioners Inland Revenue across various tax offices, mandates extended
working hours on both Saturday, March 30, 2024, and Sunday, March 31, 2024, until 4:00
PM.

Taxpayers will now have the opportunity to visit tax offices over the weekend to fulfill their
duties and obligations towards the state. This move is expected to alleviate some of the
usual rush during weekdays and provide taxpayers with additional flexibility in meeting
their tax requirements.

In its communication to tax officials, the FBR emphasized the importance of ensuring
seamless coordination with financial institutions to expedite the transfer of collected taxes.
Chief Commissioners of Inland Revenue have been specifically instructed to establish close
liaison with the State Bank of Pakistan (SBP) and authorized branches of the National Bank
of Pakistan (NBP) to facilitate the swift transfer of tax revenues to the designated accounts
at the SBP.

The directive underscores the FBR’s commitment to enhancing transparency and efficiency
in revenue collection processes. By mandating the transfer of collected taxes on the same
day to the respective branches of the SBP, the FBR aims to ensure accurate accounting and
reporting of revenue collections for the month of March 2024.

Furthermore, the FBR has advised Chief Commissioners Inland Revenue to deploy only
essential personnel involved in taxpayer facilitation, return filing, and tax collection and
recovery activities during the extended working hours. This strategic deployment of
manpower is aimed at optimizing resources while maximizing the effectiveness of taxpayer
services.

The decision to observe full working days during the weekend reflects the FBR’s proactive
approach towards revenue mobilization and fiscal management. By extending operational
hours and leveraging technological solutions, the FBR aims to enhance taxpayer
satisfaction and compliance, ultimately contributing to the country’s economic
development and stability.

This announcement has been met with mixed reactions from various stakeholders. While
some taxpayers appreciate the extended hours, others express concerns about the
potential strain on tax officials and the need for adequate support systems to manage the
increased workload.

Overall, the FBR’s decision to institute full working days during the last weekend of March
2024 underscores its commitment to fostering a conducive environment for tax
compliance and revenue generation, signaling a proactive stance towards achieving fiscal
targets and national development objectives.

Regards,

Nadeem Butt - FCA, FCFMA, FPFA, B.Com.

Chartered Accountant

Advisor to Federal Tax Ombudsman (FTO), Lahore Region (2023-2024)

Convener PTBA - Education & Professional Capacity Building Committee (2021-2023)
Chairman LTBA - Tax Academy (2018 - 2024)
Vice Chairman LTBA - Tax Academy (2016 - 17)
Life Time Member of Lahore / Multan Tax Bar Association
Member Finance, Taxation & Sales Tax Committee of LCCI (2018 - 2024)
Member ICAP Co-ordination Committee of LTBA (2018 -19)
Member Publications Committee of ICAP (2017-18)
Member Practice Support Committee of NRC of ICAP (2020, 2019 & 2018)
Member (Special Invitees) Taxation Committee of LCCI (2012-13)
Audit and Tax adviser of all Pakistan Cottage Industry & Small Traders Association
Principal: Institute of Taxation and Finance
25+ Years experience as Professional Author and Teacher of Taxation
Financial Adviser of DAWAT-E-ISLAMI

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