CNIC condition not applicable on purchases below Rs50,000

KARACHI: The condition of providing CNIC details is not applicable on purchases up to Rs50,000 by a person, said Zeeshan Merchant, former vice president of Karachi Tax Bar Association (KTBA). Read more »

FBR urged to allow filing amnesty scheme declarations

KARACHI: Federal Board of Revenue (FBR) has been urged to allow those persons to file their declarations who have paid duty and taxes under amnesty scheme 2019 by due date. Read more »

KTBA urges prime minister for extending amnesty scheme for one month

KARACHI: Tax practitioners of Karachi Tax Bar Association (KTBA) have urged Prime Minister of Pakistan Imran Khan to extend the last date for availing tax amnesty scheme to July 31, 2019 from... Read more »

KTBA discusses impact of SRO 1125 withdrawal

KARACHI: The tax practitioners have discussed impact of abolishing SRO 1125(I)/2011 under which sales tax zero rating was available for export sector. Read more »

KTBA suggests full fledged VAT, reduction in sales tax rate to 10pc

KARACHI: Karachi Tax Bar Association (KTBA) has suggested the tax authorities for introduction of full fledged value-added tax (VAT) and reduction of sale tax rate up to 10 percent in order to... Read more »

KTBA discusses tax proposals at pre-budget seminar

KARACHI: Karachi Tax Bar Association (KTBA) on Monday organized pre-budget seminar to recommend tax proposals for year 2019/2020. Read more »

KTBA elects Rehan Siddiqui as president for 2019-2020

KARACHI: Karachi Tax Bar Association (KTBA) in the 62nd Annual General Meeting held on Thursday announced Muhammad Rehan Siddiqui as president of the association of the term 2019-2020. Read more »

KTBA requests FBR to include late-filers’ name into ATL

KARACHI: The Karachi Tax Bar Association (KTBA) on Thursday requested tax authorities to include names of late filers of income tax returns, who already applied for extension, into Active Taxpayers List (ATL). Read more »

Amendments to help Pakistan in controlling offshore tax evasion, avoidance: Vishno Raja

KARACHI: Amendments to Income Tax Ordinance, 2001 will help Pakistan in controlling offshore tax evasion and avoidance. Read more »

Tax bars express concerns over short-term stay orders

KARACHI: Shahid Masood Manzar, Chairman, Appellate Tribunal Inland Revenue (ATIR) has visited Karachi Tax Bar Association to discuss early disposal of cases. Read more »