Karachi, September 29, 2024 – The Federal Board of Revenue (FBR) finds itself under mounting pressure to extend the deadline for filing income tax returns for the tax year 2024. With the September 30 deadline looming, only a single day remains for taxpayers to submit their returns, and complaints of system breakdowns and technical delays are pouring in from across the country.
(more…)Author: Shahnawaz Akhter
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FBR Issues Tax Guidelines for Permanent Establishment in Pakistan
Karachi, September 29, 2024 – The Federal Board of Revenue (FBR) has introduced new guidelines for the taxation of permanent establishments in Pakistan for the tax year 2024-25. These guidelines, extending the current regulations, govern the taxation of permanent establishments under Section 105 of the Income Tax Ordinance, 2001.
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PTBA Urges FBR for Urgent Filing Deadline Extension Amid Chaos
Karachi, September 28, 2024 – The Pakistan Tax Bar Association (PTBA) has issued an urgent plea to the Federal Board of Revenue (FBR), citing the dysfunctional state of the IRIS tax return filing portal.
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FBR Urges Citizens to Use IRIS Portal for Tax Information
Islamabad, September 28, 2024 – The Federal Board of Revenue (FBR) has issued a formal advisory urging citizens to access tax-related information through the IRIS tax returns portal rather than relying on the malfunctioning Tax Maloomat system.
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KCCI Highlights IRIS Portal Failures Ahead of Tax Filing Deadline
Karachi, September 28, 2024 – With the looming deadline for the submission of income tax returns for the fiscal year 2024, the Karachi Chamber of Commerce and Industry (KCCI) has raised alarms over persistent glitches in the Federal Board of Revenue’s (FBR) online return filing portal, IRIS.
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FBR to Redefine Non-Filers Amid Sweeping Crackdown
Islamabad, September 28, 2024 – In a decisive move aimed at intensifying its crackdown on tax evasion, the Federal Board of Revenue (FBR) is poised to redefine the term “non-filers” under the Income Tax Ordinance, 2001.
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IMF Tranche Likely to Push Upward Pakistan Stocks Next Week
Karachi, September 28, 2024 – Pakistan stocks is expected to maintain its positive trajectory next week, buoyed by the receipt of the first tranche under the $7 billion loan program from the International Monetary Fund (IMF).
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FPCCI Demands 30-Day Extension for Tax Return Filing Deadline
Karachi, September 28, 2024 – The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Friday urged the government to extend the deadline for filing income tax returns by a clear 30 days, citing technical challenges and system inefficiencies.
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PTBA Calls for Extension, Urges Non-Filers to File Taxes
Karachi, September 27, 2024 – The Pakistan Tax Bar Association (PTBA) has urged the government to extend the deadline for filing income tax returns for the current fiscal year, offering a crucial opportunity for non-filers to comply and become active taxpayers. In a statement released on Friday, the PTBA lauded the government’s recent decision to abolish the non-filer category but emphasized the need for an extension to facilitate this transition.
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FBR Notifies Working Groups for Ambitious Transformation Plan
Islamabad, September 27, 2024 – The Federal Board of Revenue (FBR) has announced the formation of multiple working groups to develop and implement the FBR’s ambitious Transformation Plan.
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