Latest news with #PakistanTaxBarAssociation
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
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
