Karachi, April 30, 2025 – The Karachi Tax Bar Association (KTBA) has formally submitted its comprehensive set of tax proposals for the upcoming Budget 2025–26, emphasizing the need for a balanced, efficient, and taxpayer-friendly tax regime.
(more…)Tag: KTBA
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		 FBR virtually halts new sales tax registration: KTBAKarachi, April 23, 2025 — The Karachi Tax Bar Association (KTBA) has raised serious concerns over the abrupt cessation of new sales tax registration by the Federal Board of Revenue (FBR), calling the move disruptive and counterproductive to business compliance and economic activity. (more…)
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		 KTBA Suggests Hybrid Refunds, Flags FIFO Method FlawsKarachi, April 8, 2025 – The Karachi Tax Bar Association (KTBA) has urged the Federal Board of Revenue (FBR) to adopt a hybrid approach for the issuance of refunds, emphasizing the need to prioritize time-bound claims, verified applications, and sector-specific urgencies. (more…)
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		 KTBA Raises Red Flags on 8-Digit HS Code and UoM ComplianceThe Karachi Tax Bar Association (KTBA) has raised serious concerns regarding the Federal Board of Revenue’s (FBR) mandate requiring the declaration of eight-digit Harmonized System (HS) Codes and specific Units of Measurement (UoM) in sales tax returns. (more…)
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		 IRIS Errors Disrupt Sales Tax Filing as Deadline PassesKarachi, March 20, 2025 – A significant number of taxpayers have struggled to comply with the filing of their sales tax returns for February 2025 due to persistent technical issues on the IRIS portal. (more…)
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		 KTBA Flags Glitches and Anomalies in IRIS PortalKarachi, March 14, 2025 – The Karachi Tax Bar Association (KTBA) has raised concerns over persistent glitches and anomalies affecting the Federal Board of Revenue’s (FBR) IRIS portal. (more…)
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		 FBR Halts New Sales Tax Registration, KTBA Raises ConcernsKarachi, March 7, 2025 – The Karachi Tax Bar Association (KTBA) has raised serious concerns over the virtual standstill in the Federal Board of Revenue’s (FBR) sales tax registration system, stating that the process has nearly come to a halt. (more…)
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		 KTBA Calls for Immediate Appointment of Refund CommissionerKarachi, March 5, 2025 – The Karachi Tax Bar Association (KTBA) has urged the Federal Board of Revenue (FBR) to take immediate action by appointing a Commissioner Inland Revenue at Zone-II, Corporate Tax Office (CTO), Karachi, to facilitate the efficient processing and timely issuance of refunds. (more…)
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		 KTBA Raises Alarm Over Tax Turmoil for Salaried ClassKarachi, February 13, 2025 – The Karachi Tax Bar Association (KTBA) has called upon the Federal Board of Revenue (FBR) to immediately withdraw the show-cause notices served to salaried individuals regarding tax recoveries. (more…)