Tag Archives: Karachi Tax Bar Association

Tax practitioners stun over amnesty to political parties, harsh measures for NPOs

KTBA

KARACHI: Tax fraternity is surprised over government policy for giving amnesty to political parties and tightening conditions for non-profit organizations.

FBR directs adjustment of refunds in recovery cases

fbr

KARACHI: Federal Board of Revenue (FBR) has directed officials to adjust refunds of taxpayers against demand created as result of any assessment order.

Budget Proposals 2017/2018: Sales Tax should be charged at time of delivery

KTBA

KARACHI: Tax practitioners have urged the Federal Board of Revenue (FBR) that sales tax should be charged at the time of delivery instead of advance payment basis.

Budget Proposals 2017/2018: Time limit for claiming input tax should be increased to 12 months

KTBA

KARACHI: Federal Board of Revenue (FBR) has been urged that the time period for claiming input tax should be increased to 12 months from existing limit of six months.

Budget Proposals 2017/2018: KTBA urges sales tax recovery should not be made within 30 days of order

KTBA

KARACHI: Karachi Tax Bar Association (KTBA) has urged the Federal Board of Revenue (FBR) to amend sales tax rules regarding recovery, which should not be made within 30 days from date of receipt of order.

Budget Proposals 2017/2018: KTBA recommends only single sales tax audit

KTBA

KARACHI: Federal Board of Revenue (FBR) has been recommended that there should only be single comprehensive sales tax audit in a year.

Budget Proposals 2017/2018: FBR urged to adjust sales tax refund against income tax liabilities

KTBA

KARACHI: Federal Board of Revenue (FBR) has been urged to adjust sales tax refunds against income tax liabilities.

Budget Proposals 2017/2018: FBR urged to remove tax ambiguity on prize, winnings

KTBA

KARACHI: Karachi Tax Bar Association (KTBA) has urged the Federal Board of Revenue (FBR) to remove ambiguity in tax on prizes and winnings that are offered by companies for promotion of sale.

FBR urged to reduce penalty for defaulting in statement filing

KTBA

KARACHI: Federal Board of Revenue (FBR) has been urged to reduce the amount of penalty in case of defaulting in filing statement of withholding or final tax.

FBR advised to release refunds as quick as tax recovery made

KTBA

KARACHI: Karachi Tax Bar Association (KTBA) has advised the Federal Board of Revenue (FBR) that refunds should be paid as fast as recovery made by tax offices from taxpayers.