Latest news with #PTBA
Business Recorder
31-05-2025
- Business
- Business Recorder
PTBA for extending e-integration deadline
ISLAMABAD: Following failure of the FBR to integrate sales taxpayers, Pakistan Tax Bar Association (PTBA) has asked the Federal Board of Revenue (FBR) to extend the deadline up to June 30, 2025 for corporate sales taxpayers to electronically integrate with the FBR's system. The deadline of integration has been expired on June 1, 2025 for the corporate sales taxpayers. According to a letter of the PTBA to FBR Chairman, Pakistan Tax Bar, fully support the government's documentation initiative aimed at enhancing transparency and documentation of the supply chain through implementation of electronically integrate their hardware and software with Boards computerized system (E-invoicing) through license integrator or PRAL under SRO 709(1)/2025 dated 22nd April, 2025. The corporate and individual tax filers have to integrate by May 1, 2025 and June 1, 2025 and subsequently deadline was extended for corporate and individual tax filers to June 1, 2025 and July 1, 2025 respectively. However, despite these timely efforts, it remains practically impossible for significant number of corporate entities to integrate with Board's computerized system through license integrator or PRAL within specified time and manner. It has received several representations from member bars across the country indicating that the deadline for corporate tax filers is going to be expired on June 1, 2025. In these current circumstances, it seems impossible to get the integrated process completed by the corporate tax filers on the due date. Therefore, in the interest of documentation and proper implementation for the integration of supply chain, the PTBA has recommended that the deadline for the corporate tax filers to integrate has to be extended till June 30, 2025. Copyright Business Recorder, 2025
Business Recorder
24-05-2025
- Business
- Business Recorder
Pakistan Tax Bar Association urges FBR to extend ST return filing deadline
KARACHI: The Pakistan Tax Bar Association (PTBA) has formally requested the Federal Board of Revenue (FBR) to extend the deadline for filing sales tax returns for March and April 2025, citing widespread technical difficulties and system discrepancies affecting taxpayers nationwide. In a letter addressed to FBR Chairman Rashid Mahmood Langrial, the tax bar highlighted that despite the government's documentation initiatives aimed at enhancing transparency through structured disclosure via various annexures and notifications, many registered taxpayers are struggling to file accurate returns within the statutory deadline. According to the PTBA, member bars across the country have reported that the statutory deadline for March and April 2025 sales tax returns has already passed, yet only a minimal number of returns have been successfully filed, attributing this low filing rate to unresolved discrepancies in newly inserted annexures within the filing system. ST returns: PCDMA urges FBR to extend deadline to May 31 'Unfortunately, only a meager number of returns have been filed to date and a huge number of sales tax registered persons are still unable to file their sales tax returns for the respective months due to the non-resolution of discrepancies in the newly inserted Annexures,' the letter said. The Bar expressed concern that many taxpayers risk being declared inactive through no fault of their own due to their inability to complete the filing process. This could potentially impact their business operations and compliance status despite their willingness to fulfill tax obligations. The Bar has requested two key measures from the FBR. First, an extension of the filing deadline for March and April 2025 sales tax returns until June 30, 2025, or until the resolution of system discrepancies in the annexures. Second, permission for taxpayers who have already filed returns with inadvertent errors due to misunderstanding of annexure disclosure requirements to make automatic revisions through the IRIS portal. 'We are confident that this extension will provide sufficient time to address the current discrepancies in the annexures, enabling taxpayers to fulfill their legal obligations under the Sales Tax Act, 1990, in a proper and compliant manner,' the letter said. Copyright Business Recorder, 2025
Business Recorder
24-05-2025
- Business
- Business Recorder
PTBA urges FBR to extend ST return filing deadline
KARACHI: The Pakistan Tax Bar Association (PTBA) has formally requested the Federal Board of Revenue (FBR) to extend the deadline for filing sales tax returns for March and April 2025, citing widespread technical difficulties and system discrepancies affecting taxpayers nationwide. In a letter addressed to FBR Chairman Rashid Mahmood Langrial, the tax bar highlighted that despite the government's documentation initiatives aimed at enhancing transparency through structured disclosure via various annexures and notifications, many registered taxpayers are struggling to file accurate returns within the statutory deadline. According to the PTBA, member bars across the country have reported that the statutory deadline for March and April 2025 sales tax returns has already passed, yet only a minimal number of returns have been successfully filed, attributing this low filing rate to unresolved discrepancies in newly inserted annexures within the filing system. ST returns: PCDMA urges FBR to extend deadline to May 31 'Unfortunately, only a meager number of returns have been filed to date and a huge number of sales tax registered persons are still unable to file their sales tax returns for the respective months due to the non-resolution of discrepancies in the newly inserted Annexures,' the letter said. The Bar expressed concern that many taxpayers risk being declared inactive through no fault of their own due to their inability to complete the filing process. This could potentially impact their business operations and compliance status despite their willingness to fulfill tax obligations. The Bar has requested two key measures from the FBR. First, an extension of the filing deadline for March and April 2025 sales tax returns until June 30, 2025, or until the resolution of system discrepancies in the annexures. Second, permission for taxpayers who have already filed returns with inadvertent errors due to misunderstanding of annexure disclosure requirements to make automatic revisions through the IRIS portal. 'We are confident that this extension will provide sufficient time to address the current discrepancies in the annexures, enabling taxpayers to fulfill their legal obligations under the Sales Tax Act, 1990, in a proper and compliant manner,' the letter said. Copyright Business Recorder, 2025
Business Recorder
07-05-2025
- Business
- Business Recorder
PTBA urges President to withdraw tax amendments ordinance
KARACHI: Pakistan Tax Bar Association (PTBA) has requested President Asif Ali Zardari to immediately withdraw the Tax Amendments Ordinance 2025, terming it as an infringement upon the fundamental rights of taxpayers as guaranteed under the Constitution of Pakistan. In a letter to President Asif Ali Zardari, the PTBA called for the immediate withdrawal of the ordinance after conducting a thorough review of its provisions. 'Taxpayers are the backbone of our economy,' the PTBA stated. 'However, following the 26th Constitutional Amendment, the independence of the judiciary has been restricted even in cases where taxpayers are prima facie entitled to a stay order against the alleged tax demand.' The bar highlighted a particularly controversial provision requiring taxpayers to deposit 30% of disputed amounts to obtain stay orders, even from high courts. This requirement places an excessive burden on taxpayers before they can access judicial relief, PTBA said. The letter further alleged that the ordinance grants taxation officers 'unchecked and arbitrary powers' that could lead to harassment and create undue hardship for taxpayers nationwide. Describing it as the effective nullification of appeal rights, the PTBA claimed that tax demands raised by officers are now recoverable within timelines dictated solely by those same officers, rendering appellate remedies 'redundant and ineffective.' 'Such unchecked discretion promotes maladministration and injustice,' the letter warned. The PTBA expressed concerns about broader economic implications, suggesting that the legislation could damage Pakistan's investment climate. 'Investors will be reluctant to invest in Pakistan if administrative authorities are empowered with excessive, unregulated authority while removing meaningful recourse to appellate remedies,' the PTBA cautioned. The tax bar has called for not only the withdrawal of the ordinance but also the suspension of any actions already taken under its provisions. Copyright Business Recorder, 2025
