KARACHI: The Karachi Tax Bar Association (KTBA) has elected Syed Rehan Hasan Jafri as the president for the term 2022. Jafri has been elected to the slot for the second time, a statement said on Tuesday. The annual general meeting of the KTBA held announced the successful office-bearers and members of the Executive Committee of … Read more
KARACHI: A recent incident of an old pensioner’s maltreatment by the tax officials sent shockwaves among the people. Terming it a shameful act, they said, it caused embarrassment for the entire nation. Taking cognizance of the severity of the issue, President Dr Arif Ali apologised to the senior citizen, an 82-year-old Abdul Hamid Khan, who … Read more
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: Imposition of a 35 per cent tax rate on an individual’s income to broaden the tax base will remain a distant dream. The high tax rate is a major impediment in keeping away persons having taxable income from fulfilling their obligations, said Muhammad Zeeshan Merchant, president of the Karachi Tax Bar Association. Pakistan has … Read more
KARACHI: Irfan Ahmed, an electric generator assembling business owner in Karachi and a Perkins’ authorised distributor, calculates at least 20 per cent decline in his January revenues and predicts a similar trend in the months ahead. “Just in two days, the cost of materials and parts we use surged around 10 per cent because … Read more
KARACHI: The Karachi Tax Bar Association (KTBA) has passed a resolution to condemn the statement of Federal Tax Ombudsman (FTO) Dr Asif Mahmood Jah, a statement said. The statement made by the FTO lately televised on electronic media/uploaded on social media is an offense towards the taxpayers and manifests his nepotism and biased approach in … Read more
KARACHI: The Karachi Tax Bar Association (KTBA) on Wednesday said the banks are deducting withholding tax on export of software and IT-enabled services, which is unlawful, as this segment has been granted exemption. In a letter to Asim Ahmed, chairman of the Federal Board of Revenue (FBR), the association said the banks have misunderstood Section … Read more
