Overview
- FBR said the market-value column was incorporated into the 2025 IRIS return form on August 18 without a new SRO.
- The filing deadline for income tax returns remains September 30.
- The authority said the disclosure is intended to improve policymaking and will not be used to calculate taxes, reconcile wealth statements, or initiate proceedings.
- Officials noted many filers had previously entered zero in the field; the system now restricts that and expects values close to market prices.
- Addressing concerns about do-overs, FBR stated that taxpayers who already filed will not be asked to re-file.