Tag: KTBA

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.

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.

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.

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.

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.

Karachi, August 8, 2024 – The Karachi Tax Bar Association (KTBA) has urged the Federal Board of Revenue (FBR) to update the Income Tax General Order (ITGO) on a weekly basis to remove the names of individuals who have filed their income tax returns.

Karachi, July 4, 2024 – The Karachi Tax Bar Association (KTBA) has identified a critical impediment affecting taxpayers’ ability to submit their final sales tax returns following the issuance of SRO 350.

PkRevenue.com – The Karachi Tax Bar Association (KTBA) has voiced serious concerns over the Federal Board of Revenue’s (FBR) recent decision to prevent taxpayers from claiming input tax paid to the Sindh Revenue Board (SRB).

PkRevenue.com – The Karachi Tax Bar Association (KTBA) has recently spotlighted a significant glitch in the IRS Portal, causing the cessation of displaying reference order numbers. This technical issue has created considerable inconvenience for taxpayers attempting to revise their sales tax returns.