In a seminar held on April 18, 2024, the Karachi Tax Bar Association (KTBA) voiced its concerns over what it perceives as half-hearted efforts by the Federal Board of Revenue (FBR) towards the documentation of the economy.
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KTBA Urges FBR Clarity on Beneficial Owner Record Form
Karachi, March 14, 2024 – The Karachi Tax Bar Association (KTBA) has raised concerns over the ambiguity surrounding the submission of forms related to the record of beneficial owners, urging the Federal Board of Revenue (FBR) to provide clarity on the matter.
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KTBA Urges Alignment of FBR Portal for ATL 2024
Karachi, February 1, 2024 – The Karachi Tax Bar Association (KTBA) has raised a crucial legal concern regarding the alignment of the Federal Board of Revenue (FBR) web portal with statutory provisions for the release of the Active Taxpayers List (ATL) for the year 2024.
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KTBA Urges Availability of Missing ‘Record of Beneficial Owners’ Form on FBR Portal
Karachi, November 15, 2023 – In a letter addressed to Malik Amjad Zubair Tiwana, Chairman of the Federal Board of Revenue (FBR), Syed Zafar Ahmed, President of the Karachi Tax Bar Association (KTBA), voiced serious concerns regarding the non-availability of the prescribed form for the submission of the ‘record of beneficial owners.’
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Karachi Tax Bar Highlights Misalignment of Debt and Credit Notes, Urges FBR’s Swift Action
Karachi, October 25, 2023 – The Karachi Tax Bar Association (KTBA) has raised a red flag concerning the misalignment of debt and credit notes within the framework of tax regulations.
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KTBA calls for removal of HS codes condition in sales tax returns
The Karachi Tax Bar Association (KTBA) has raised concerns and called for the removal of the condition requiring the reporting of HS codes in sales tax returns.
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FBR and KTBA Deliberate Return Filing Challenges as Deadline Nears
KARACHI, October 24, 2023 – The Federal Board of Revenue (FBR) and the Karachi Tax Bar Association (KTBA) convened on Tuesday to deliberate on challenges surrounding the filing of tax returns for the tax year 2023.
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KTBA Deems New Sales Tax Credit Note Conditions Impractical and Urges Reversal
Karachi, October 11, 2023 – The Karachi Tax Bar Association (KTBA) has raised concerns over the recent changes to the conditions for raising credit notes for sales tax returns, labeling them as impractical due to various legal loopholes.
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FBR Addresses Concerns on IRIS 2.0 Functionality, Responds to KTBA
Islamabad, September 30, 2023 – The Federal Board of Revenue (FBR) responded on Saturday to objections raised concerning the performance of the online return filing portal, IRIS 2.0, effectively dispelling doubts raised by the Karachi Tax Bar Association (KTBA).
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KTBA Sheds Light on Tax Return Challenges Amid Online Portal Woes
Karachi, September 30, 2023 – The Karachi Tax Bar Association (KTBA) has issued a formal statement addressing the significant challenges faced by taxpayers attempting to file their annual income tax returns due to multiple issues within the Federal Board of Revenue’s (FBR) online portal.
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