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Tag: KTBA

KTBA Bar

KTBA proposes overhaul of tax audit framework for FBR

May 4, 2025May 4, 2025Shahnawaz Akhter

Karachi, May 4, 2025 – The Karachi Tax Bar Association (KTBA) has put forward a detailed proposal for the Federal Board of Revenue (FBR) to adopt a comprehensive and transparent audit plan aimed at improving tax compliance and restoring taxpayer confidence.

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Tax Budget

KTBA urges removal of 30% tax payment condition for court stay

May 3, 2025May 3, 2025Shahnawaz Akhter

Karachi, May 3, 2025 — The Karachi Tax Bar Association (KTBA) has called on the government to abolish the mandatory payment condition that requires taxpayers to deposit 30% of the disputed tax amount before obtaining a stay order from the High Court.

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Pakistan budget 2025-26

KTBA pushes CNIC enforcement across entire supply chain

May 2, 2025May 2, 2025Shahnawaz Akhter

Karachi, May 2, 2025 – The Karachi Tax Bar Association (KTBA) has recommended that the Federal Board of Revenue (FBR) should make it mandatory for all unregistered individuals involved in the supply chain to provide their Computerized National Identity Card (CNIC) or National Tax Number (NTN).

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Tax Budget

KTBA urges salary tax threshold rise to Rs1.2 million

May 2, 2025May 2, 2025Shahnawaz Akhter

Karachi, May 2, 2025 – The Karachi Tax Bar Association (KTBA) has called upon the federal government to increase the tax-exempt threshold on salary income from the current Rs600,000 to Rs1.2 million in the upcoming budget for the fiscal year 2025-26.

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KTBA Bar

Karachi Tax Bar points out critical anomalies in IRIS system

May 1, 2025May 1, 2025Shahnawaz Akhter

Karachi, May 1, 2025 — The Karachi Tax Bar Association (KTBA) has formally highlighted a series of functional and procedural anomalies in the IRIS portal operated by the Federal Board of Revenue (FBR), urging the tax authority to implement immediate corrective measures to improve efficiency and compliance.

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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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