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Tag: KTBA

budget proposals

KTBA urges FBR to eliminate Section 7E in budget 2025–26

May 1, 2025May 1, 2025Shahnawaz Akhter

Karachi, May 1, 2025 – The Federal Board of Revenue (FBR) has been urged to eliminate the controversial Section 7E of the Income Tax Ordinance, 2001, in the forthcoming federal budget for fiscal year 2025–26.

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Pakistan budget 2025-26

KTBA proposes abolishing super tax in budget 2025–26

May 1, 2025May 1, 2025Shahnawaz Akhter

Karachi, May 1, 2025 — The Karachi Tax Bar Association (KTBA) has strongly called for the complete abolition of the super tax in its detailed budget proposals for the fiscal year 2025–26.

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KTBA Bar

KTBA proposes taxpayer-friendly measures in budget 2025–26

April 30, 2025April 30, 2025Shahnawaz Akhter

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.

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KTBA Bar

FBR virtually halts new sales tax registration: KTBA

April 23, 2025April 23, 2025Shahnawaz Akhter

Karachi, 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.

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KTBA Bar

KTBA Suggests Hybrid Refunds, Flags FIFO Method Flaws

April 8, 2025May 19, 2026Shahnawaz Akhter

Karachi, 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.

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KTBA Bar

KTBA Raises Red Flags on 8-Digit HS Code and UoM Compliance

April 7, 2025April 7, 2025Shahnawaz Akhter

The 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.

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FBR launches IRIS 2.0

IRIS Errors Disrupt Sales Tax Filing as Deadline Passes

March 20, 2025March 20, 2025Shahnawaz Akhter

Karachi, 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.

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KTBA Bar

KTBA Appeals for Sales Tax Deadline Shift Amid IRIS Issues

March 17, 2025March 17, 2025Shahnawaz Akhter

Karachi, March 17, 2025 – The Karachi Tax Bar Association (KTBA) has formally urged the Federal Board of Revenue (FBR) to extend the deadline for filing monthly sales tax returns due to ongoing technical issues with the IRIS portal.

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KTBA Bar

KTBA Flags Glitches and Anomalies in IRIS Portal

March 14, 2025March 14, 2025Shahnawaz Akhter

Karachi, 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.

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KTBA Bar

FBR Halts New Sales Tax Registration, KTBA Raises Concerns

March 7, 2025March 7, 2025Shahnawaz Akhter

Karachi, 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.

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