KARACHI: The tax practitioners have pointed out towards glitches in single sales tax portal hampering the filing of monthly returns. The Karachi Tax Bar Association (KTBA) in a letter to the chairman of the Federal Board of Revenue (FBR) apprised him about the serious difficulties being faced by the taxpayers on the National Single Tax … Read more
KARACHI: Errors in the online system of the Federal Board of Revenue (FBR) are denying applications for processing the change of status from the association of persons (AOPs) to non-profit organization (NPO) or a trust. To resolve the issue, the Pakistan Tax Bar Association (PTBA) wrote a letter on December 3, 2021 to the FBR … Read more
The Federal Board of Revenue (FBR) stated that to get access to IRIS for filing income tax returns, it has provided a URL. Federal Board of Revenue Representative in a tweet stated that seeing the difficulties faced by the overseas Pakistanis to get access to IRIS for filing of Income Tax Returns, FBR has provided … Read more
Prime Minister Imran Khan highly praised the Federal Board of Revenue (FBR) after they achieved a “historic level of tax revenue of Rs4,732 billion in the fiscal year 2020-21.” On Twitter, Prime Minister Imran said that the FBR tax collection in the previous fiscal year was more than the revised target of Rs4,691 billion and … Read more
KARACHI: Small and Medium Enterprises (SMEs) would be able to avail exemption from audit if they opt for the Final Tax Regime (FTR), the Finance Bill has proposed. It is proposed that SMEs can also opt to be taxed under the FTR. The said option is required to be exercised at the time of returns … Read more
