Karachi, August 19, 2024 – The Karachi Tax Bar Association (KTBA) has raised concerns over ambiguities in the income tax collection mechanism for sales within the supply chain, as stipulated under the Finance Act, 2024.
(more…)Tag: Karachi Tax Bar Association
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KTBA Calls on FBR to Update ITGO Weekly for Return Filers
Karachi, August 8, 2024 – The Karachi Tax Bar Association (KTBA) has urged the Federal Board of Revenue (FBR) to update the Income Tax General Order (ITGO) on a weekly basis to remove the names of individuals who have filed their income tax returns.
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KTBA Flags Technical Issue Post SRO 350 for Sales Tax Returns
Karachi, July 4, 2024 – The Karachi Tax Bar Association (KTBA) has identified a critical impediment affecting taxpayers’ ability to submit their final sales tax returns following the issuance of SRO 350.
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Tax Experts Decry Harsh Budget Measures in KTBA Seminar
Karachi, June 15, 2024 – A seminar hosted by the Karachi Tax Bar Association (KTBA) on Saturday saw prominent tax specialists and a representative from the Federal Board of Revenue (FBR) dissect the recently unveiled budget for the 2024-25 fiscal year.
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FBR Halts Input Tax Claim Paid to SRB, Says KTBA
PkRevenue.com – The Karachi Tax Bar Association (KTBA) has voiced serious concerns over the Federal Board of Revenue’s (FBR) recent decision to prevent taxpayers from claiming input tax paid to the Sindh Revenue Board (SRB).
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KTBA Alerts: IRS Portal Glitch Halts Reference Numbers
PkRevenue.com – The Karachi Tax Bar Association (KTBA) has recently spotlighted a significant glitch in the IRS Portal, causing the cessation of displaying reference order numbers. This technical issue has created considerable inconvenience for taxpayers attempting to revise their sales tax returns.
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FBR Portal Glitches Hamper Sales Tax Registration: KTBA
PkRevenue.com — The Karachi Tax Bar Association (KTBA) has raised concerns about technical issues on the Federal Board of Revenue (FBR) portal that are hindering the sales tax registration process.
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KTBA Criticizes FBR’s Half-hearted Documentation Efforts
In a seminar held on April 18, 2024, the Karachi Tax Bar Association (KTBA) voiced its concerns over what it perceives as half-hearted efforts by the Federal Board of Revenue (FBR) towards the documentation of the economy.
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KTBA Urges FBR Clarity on Beneficial Owner Record Form
Karachi, March 14, 2024 – The Karachi Tax Bar Association (KTBA) has raised concerns over the ambiguity surrounding the submission of forms related to the record of beneficial owners, urging the Federal Board of Revenue (FBR) to provide clarity on the matter.
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KTBA Urges Alignment of FBR Portal for ATL 2024
Karachi, February 1, 2024 – The Karachi Tax Bar Association (KTBA) has raised a crucial legal concern regarding the alignment of the Federal Board of Revenue (FBR) web portal with statutory provisions for the release of the Active Taxpayers List (ATL) for the year 2024.
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