ISLAMABAD: The Federal Board of Revenue (FBR) has launched a single-page simplified Income Tax Return for small medium enterprises (SMEs) having turnover up to Rs50 million which can be availed by individuals and association of persons.

An official statement issued on Friday said that this return is available on Iris portal and requires input of basic data relating to business activities conducted by eligible taxpayers during the period relevant to tax year 2020.

Published in Dawn, November 28th, 2020