The Pakistan Tax Bar Association (PTBA) has called for the formation of a larger bench to address inconsistencies in rulings regarding the taxation of foreign property income. This issue has sparked legal uncertainty for Pakistani tax residents owning properties in the UAE and UK.
Karachi, December 30, 2024 – The Pakistan Tax Bar Association (PTBA) has formally urged the Chairman of the Appellate Tribunal Inland Revenue (ATIR) to disclose performance metrics for cases resolved under the Tax Laws (Amendment) Act, 2024. This demand underscores widespread frustration within the tax community over inefficiencies in the revamped two-tier appeal system.
Karachi, December 26, 2024 – The Pakistan Tax Bar Association (PTBA), the premier tax advisory body in the country, has strongly recommended that the Federal Board of Revenue (FBR) adopt Two-Factor Authentication (2FA) for securing taxpayer accounts on the IRIS portal.
Karachi, November 28, 2024 – The Pakistan Tax Bar Association (PTBA) has called on the Federal Board of Revenue (FBR) to share updates on the progress made following its initiatives for documenting the economy and enhancing the tax system’s productivity through digital transformation.
The Pakistan Tax Bar Association (PTBA) has urged the newly appointed Chief Justice of Pakistan, Justice Yahya Afridi, to address key high-profile tax cases that remain unresolved. These cases include matters related to the super tax, Capital Value Tax, and the Section 7E levy.
Karachi, November 14, 2024 – The Pakistan Tax Bar Association (PTBA) has expressed significant concerns regarding the Tax Laws (Amendment) Act, 2024, questioning its effectiveness in streamlining tax-related litigation and ensuring taxpayers’ rights.
Karachi, October 30, 2024 – In a recent appeal to Prime Minister Shehbaz Sharif, the Pakistan Tax Bar Association (PTBA) has called for urgent intervention to resolve the ongoing federal-provincial tax disputes that have created significant uncertainty and administrative burdens for compliant taxpayers.
Karachi, September 28, 2024 – The Pakistan Tax Bar Association (PTBA) has issued an urgent plea to the Federal Board of Revenue (FBR), citing the dysfunctional state of the IRIS tax return filing portal.
Karachi, September 27, 2024 – The Pakistan Tax Bar Association (PTBA) has urged the government to extend the deadline for filing income tax returns for the current fiscal year, offering a crucial opportunity for non-filers to comply and become active taxpayers. In a statement released on Friday, the PTBA lauded the government’s recent decision to […]
Karachi, September 24, 2024 – The Pakistan Tax Bar Association (PTBA) has taken a stand for taxpayers by formally requesting Prime Minister Shehbaz Sharif to extend the deadline for filing tax returns. In a letter to the Prime Minister, the PTBA expressed concerns about the challenges faced by taxpayers in meeting the September 30 deadline, […]