Tag Archives: Karachi Tax Bar Association

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.

Tax practitioners express concerns raids on compliant taxpayers

KTBA

KARACHI: Tax practitioners have expressed concerns over raids conducted by tax departments on the business premises of compliant taxpayers.

KTBA elects officer bearers, EC members for 2017/2018

KTBA

KARACHI: Karachi Tax Bar Association (KTBA) has elected office bearers and members of executive committee for the term 2017/2018 at the 60th Annual General Meeting held on Thursday.

Budget Proposals 2017/2018: publishing paid refunds list recommended

KTBA

KARACHI: In order to prevent issuance of bogus refunds, the Federal Board of Revenue (FBR) has been urged to public list of taxpayers whom sales tax refunds are issued.

Budget Proposals 2017/2018: withdrawal of sales tax withholding on registered persons suggested

KTBA

KARACHI: Federal Board of Revenue (FBR) has been urged to withdraw sales tax withholding on supplies within registered persons.

Budget Proposals 2017/2018: Single authority for administration of all taxes

KTBA

KARACHI: Presently, there are five tax collecting authorities including four provincial sales tax authorities and the FBR who collects income tax, sales tax and Federal Excise Duty (FED).

KTBA urges finance minister to extend return filing date up to January 31

KTBA

KARACHI: Tax practitioners have urged Finance Minister Ishaq Dar to extend the last date for filing income tax returns for all taxpayers up to January 31, 2017.

KTBA demands date extension for return filing up to December 31

KTBA

KARACHI: Karachi Tax Bar Association (KTBA) on Monday urged Finance Minister Senator Mohammad Ishaq Dar to extend the last date for filing income tax return for tax year 2016 up to December 31 because the online return filing portal of FBR was malfunctioned on the due date.