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Tag: KTBA

KTBA Bar

FBR Portal Glitches Hamper Sales Tax Registration: KTBA

June 4, 2024June 4, 2024Shahnawaz Akhter

PkRevenue.com — The Karachi Tax Bar Association (KTBA) has raised concerns about technical issues on the Federal Board of Revenue (FBR) portal that are hindering the sales tax registration process.

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KTBA Bar

KTBA Elects Office Bearers and EC Members for Term 2024

May 30, 2024May 30, 2024Shahnawaz Akhter

Karachi, May 30, 2024 – The Karachi Tax Bar Association (KTBA) has announced the names of its newly elected office bearers and executive committee (EC) members for the term ending September 30, 2024.

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KTBA Bar

KTBA Criticizes FBR’s Half-hearted Documentation Efforts

April 19, 2024April 19, 2024Shahnawaz Akhter

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 Bar

KTBA Urges FBR Clarity on Beneficial Owner Record Form

March 14, 2024March 14, 2024Shahnawaz Akhter

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 Bar

KTBA Urges Alignment of FBR Portal for ATL 2024

February 2, 2024February 2, 2024Faisal Shahnawaz

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 Bar

KTBA Urges Availability of Missing ‘Record of Beneficial Owners’ Form on FBR Portal

November 15, 2023November 15, 2023Faisal Shahnawaz

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

Karachi Tax Bar Highlights Misalignment of Debt and Credit Notes, Urges FBR’s Swift Action

October 25, 2023October 25, 2023Shahnawaz Akhter

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 Bar

KTBA calls for removal of HS codes condition in sales tax returns

October 25, 2023July 30, 2025Shahnawaz Akhter

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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KTBA FBR Virtual Meeting

FBR and KTBA Deliberate Return Filing Challenges as Deadline Nears

October 25, 2023October 25, 2023Shahnawaz Akhter

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 Bar

KTBA Deems New Sales Tax Credit Note Conditions Impractical and Urges Reversal

October 11, 2023October 11, 2023Shahnawaz Akhter

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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