Latest news with #UnitofMeasure
Business Recorder
25-04-2025
- Business
- Business Recorder
Complexities: PCDMA concerned over issues faced by taxpayers
KARACHI: The Pakistan Chemicals & Dyes Merchants Association (PCDMA) has expressed serious concern over the increasing challenges faced by taxpayers in filing their returns due to the complex structure of the newly introduced Annex H1 and Annex J, as well as, the technical difficulties related to Unit of Measure (UoM) requirements. In a letter to the Chairman of the Federal Board of Revenue, Rashid Mehmood Langrial, PCDMA Chairman Salim Valimuhammad and Danish Saleem, Advisor to the Subcommittee for Sales and Income Tax, pointed out that the newly uploaded Annex H1 by the FBR was causing confusion and compliance issues due to unclear guidelines, frequent regulatory changes, and persistent portal glitches. 'Taxpayers are finding it increasingly difficult to reconcile withholding statements and comply with filing requirements due to the overly complex design of Annex H1,' said Salim Valimuhammad. 'The situation is further aggravated by the form's calculation mechanism, which mistakenly subtracts Sales Value instead of Cost Value.' PCDMA Chairman emphasised to the FBR the need to allow taxpayers to voluntarily enter the Cost Value before submission of returns, to ensure accurate reporting and avoid erroneous assessments, delayed refunds, or penalties. 'Taxpayers continue to face identical challenges with Annex J, especially when reconciling transactions under constantly fluctuating tax rates. Unclear guidelines combined with recurring portal malfunctions are imposing excessive compliance burdens - particularly on small businesses and individuals lacking professional tax assistance. Most critically, Annex J replicates Annex H1's fundamental error by deducting Sales Value rather than Cost Value, a systemic flaw that PCDMA confirms is causing rampant inaccuracies in tax filings across the board.' Another major challenge reported by members is the technical complexity of the Unit of Measure (UoM) codes. The lack of clarity in categorizing goods and services, coupled with system glitches, is causing filing errors and unnecessary delays, especially for businesses involved in diverse inventories and import/ export operations. PCDMA urged that such major changes should not be implemented without consulting key industry stakeholders. The association is urging the FBR to involve trade bodies and professionals in the decision-making process to ensure smoother implementation. Salim Valimuhammad said 'A collaborative approach will help reduce errors and build trust among the taxpayer community.' Copyright Business Recorder, 2025
Associated Press
11-03-2025
- Business
- Associated Press
Top Building Materials Distributor Selects HawkSearch to Power Optimizely eCommerce
AI-Driven Search Enhances Product Discovery and Customer Engagement WOBURN, MASSACHUSETTS / ACCESS Newswire / March 11, 2025 / Bridgeline Digital, Inc. (NASDAQ:BLIN), a leader in AI-driven marketing technology, announced that a prominent building materials distributor has selected HawkSearch to enhance its Optimizely eCommerce search experience. This implementation expands HawkSearch's presence in the Optimizely ecosystem, delivering advanced search capabilities tailored for enterprise distributors. With multiple distribution centers across the U.S. and a longstanding industry presence, the company needed a scalable, high-performance search solution to improve product discoverability and online engagement. HawkSearch's AI-powered search optimizes relevance, conversion rates, and revenue generation on the distributor's eCommerce platform. The distributor required seamless Optimizely integration with critical features such as Unit of Measure (UoM) support, Concept Search, and advanced marketing and merchandising tools. A key differentiator in the selection process was HawkSearch's ability to rapidly deploy a development environment and enable product indexing before contract finalization, accelerating time to value. 'This implementation reinforces HawkSearch's expanding role in the Optimizely Configured Commerce ecosystem,' said Ari Kahn, CEO of Bridgeline Digital. 'Our intelligent search technology is helping enterprise distributors create seamless, relevant customer experiences that drive measurable results.'
