However, its name, “Simplified Electronic Return for Individuals,” is far from an accurate description. Contrary to its title, the form spans an overwhelming 25 pages, raising eyebrows across the taxpaying community.
According to the notification, the new form will be applicable for the tax year 2025. The FBR has also introduced a similar return form for companies through SRO 1212(I)/2025.
Each of the 25 pages in the form contains separate headings, covering various aspects such as “Your Income,” “Your Pension,” “Your Rent from Property,” “Your Profit on Bank Accounts,” and “Your Dividends,” making the process more complicated than ever before, particularly for salaried taxpayers.
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Additionally, SRO 1213(I)/2025 announced proposed amendments to the Income Tax Rules, 2002, aimed at further changes to the tax system. The FBR is now calling for objections or suggestions on the draft, which can be submitted within seven days of its publication in the official Gazette.
Will these changes truly simplify the tax filing process, or will they add unnecessary complexity for individuals and companies alike? As taxpayers begin to grapple with the new forms, it raises the question: Is the FBR’s definition of “simplified” too far from what was expected?
