KARACHI: Federal Board of Revenue (FBR) has been advised to update tax laws with latest amendments on its official website to facilitate taxpayers as well as tax practitioners.
The Karachi Tax Bar Association (KTBA) in a letter to FBR Chairman Muhammad Javed Ghani on Tuesday pointed out that the available tax laws such as income tax, sales tax, federal excise and customs are not updated and required to insert latest amendments made through Finance Acts or other legislations.
In the letter, KTBA President Zeeshan Merchant said that FBR had provided soft copies of certain tax laws on its official website i.e. fbr.gov.pk for the facilitation of taxpayers as well as tax practitioners.
Merchant invited attention of the FBR chairman towards the fact that the important tax laws had been frequently amended and updated in the recent past through budgetary and other amendments. “However, it has been observed that the income tax laws as well as sales tax, federal excise and customs duty laws, which were available on the website of the FBR, have not yet been updated to incorporate such recent amendments.”
Since up to date tax laws are presently not available on the website, the same may lead to an inadvertent mistake by the taxpayer while ensuring compliance to the relevant provisions of law.
KTBA president said that the taxpayers should apply correct, up to date and valid laws in its true letter and spirit in order to be a compliant taxpayer.
The FBR chairman has been urged to issue necessary instructions for the updating the important direct and indirect tax laws which are available on the FBR’s website.