Pakistan Revenue
Karachi Tax Bar Association (KTBA) on Thursday urged the Federal Board of Revenue (FBR) to extend date for filing statement and returns. KTBA President Syed Rehan Hasan Jafri in a letter sent to FBR Chairman Asim Ahmad requested to extend the date of filing quarterly income tax withholding statement and monthly sales tax return for […]
Continue Reading
KARACHI: Karachi Tax Bar Association (KTBA) has raised the issue that taxpayers are unable to file sales tax return for the month of March 2022 as online system is denying taxpayers without payment of POS service fee. The KTBA in a letter sent to FBR chairman on Wednesday urged to take urgent note of the […]
Continue Reading
Karachi Tax Bar Association (KTBA) on Monday has strongly criticized the bid of officers of Inland Revenue (IR) to reject adjustment of tax refund against liability. The tax bar in a letter to the chairman of the Federal Board of Revenue informed that a large number of notices for tax returns filed for tax year […]
Continue Reading
KARACHI: Karachi Tax Bar Association (KTBA) has recommended the tax authorities to separate tax fraud investigations from normal audit and assessment function. The KTBA in its proposals for budget 2022/2023 submitted to the Federal Board of Revenue (FBR), stated that tax assessment and tax frauds are two distinct things. But in Sales Tax law both […]
Continue Reading
KARACHI: The Federal Board of Revenue (FBR) has been urged to remove irritants in issuance of expeditious sales tax refunds. Karachi Tax Bar Association (KTBA) in its proposals for budget 2022/2023 urged the FBR should resolve the issues expeditiously. READ MORE: Unified sales tax law for all tax authorities sought The tax bar said from […]
Continue Reading
KARACHI: Karachi Tax Bar Association (KTBA) has sought unified law for federal and provincial tax authorities in order to remove friction in classification of goods and services. The KTBA in its proposals for budget 2022/2023 stated that friction between Federal Board of Revenue (FBR) and Provincial Revenue Boards / Authorities on classification of goods and […]
Continue Reading
KARACHI: Karachi Tax Bar Association (KTBA) has submitted proposal for making changes regarding recovery of sales tax on bad debts. The KTBA in its proposals for budget 2022/2023 submitted to the Federal Board of Revenue (FBR) said that the Section 7 of Sales Tax Act, 1990 lays a timeline of 180 days to claim input […]
Continue Reading
KARACHI: Karachi Tax Bar Association (KTBA) has recommended amendments in withholding sales tax regime on purchases from unregistered taxpayers. The KTBA in its proposals for budget 2022/2023, informed the Federal Board of Revenue (FBR) that the the move was intended to increase the cost of doing business for unregistered taxpayers, which otherwise is counterproductive and […]
Continue Reading
KARACHI: The Federal Board of Revenue (FBR) has been urged to zero rate the sales tax on supplies of goods made to charitable or non-profit organizations providing public welfare services. Karachi Tax Bar Association (KTBA) in proposals for budget 2022/2023, suggested amendments to sales tax laws regarding charitable or Non-Profit Organizations (NPOs), including hospitals and […]
Continue Reading
KARACHI: The Federal Board of Revenue (FBR) has been proposed to increase the turnover from one million rupees to 10 million rupees for individuals to made advance payment. Karachi Tax Bar Association (KTBA) in its proposals for budget 2022/2023, stated that Section 147 of the Income Tax Ordinance, 2001 relates to quarterly payment of advance […]
Continue Reading