Karachi, January 31, 2025 – The Karachi Tax Bar Association (KTBA) has raised concerns regarding the IRIS portal’s restriction on the auto revision of sales tax returns, causing challenges for taxpayers who need to rectify their declarations.
(more…)Tag: KTBA
-
KTBA Calls for Fixing Anomaly in Sales Tax Return
The Karachi Tax Bar Association (KTBA) has raised an important issue with the Federal Board of Revenue (FBR) regarding a problem in the sales tax return process.
(more…) -
Karachi Tax Bar Highlights Challenges in Property Valuation
Karachi, January 28, 2025 – The Karachi Tax Bar Association (KTBA) has raised serious concerns regarding the fair market value (FMV) assessment of multi-storied built-up properties in Karachi.
(more…) -
Ali A. Rahim Elected Unopposed as KTBA President
Karachi, December 11, 2024 – Ali A. Rahim has been elected unopposed as the President of the Karachi Tax Bar Association (KTBA) for the tax year 2025.
(more…) -
KTBA Urges FBR to Allow Unconditional Return Filing Extensions
Karachi, October 14, 2024 – The Karachi Tax Bar Association (KTBA) has called on the Federal Board of Revenue (FBR) to accept applications for extensions in return filing deadlines without imposing restrictive conditions. In a formal communication addressed to Badshah Khan Wazir, Member of IR Operations at FBR, KTBA President Syed Zafar Ahmad raised several critical issues regarding the current return filing process and the challenges faced by taxpayers.
(more…) -
KTBA Seeks Exemption for Reporting of Fixed Asset Disposal
Karachi, September 13, 2024 – The Karachi Tax Bar Association (KTBA) has called upon the Federal Board of Revenue (FBR) to introduce an exemption for taxpayers reporting the disposal of fixed assets, highlighting significant procedural challenges faced by taxpayers in complying with current regulations.
(more…) -
KTBA Demands Swift Changes to Sales Tax Advance Rules
Karachi, August 30, 2024 — The Karachi Tax Bar Association (KTBA) has raised serious concerns about the complications faced by taxpayers in dealing with sales tax on advances, following recent legislative changes.
(more…) -
KTBA Highlights Tax Woes of Pharma Sector
Karachi, August 28, 2024 – The Karachi Tax Bar Association (KTBA) has brought attention to the tax challenges faced by Pakistan’s pharmaceutical sector following recent changes in sales tax regulations.
(more…) -
KTBA Urges Filing Deadline Extension Due to SRO 350 Aftermath
Karachi – The Karachi Tax Bar Association (KTBA) has called upon the Federal Board of Revenue (FBR) to extend the deadline for filing sales tax returns, citing significant challenges posed by the recent implementation of SRO 350(I)/2024.
(more…) -
KTBA Highlights Ambiguities in Income Tax on Sales
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…)