- The Karachi Tax Bar Association (KTBA) has requested the Federal Board of Revenue (FBR) to extend the deadline for filing monthly sales tax returns.
- The KTBA cited ongoing technical issues with the IRIS portal, which have made it difficult for taxpayers to submit their returns on time.
- The KTBA highlighted two key issues with the IRIS portal:
- The expansion of HS codes from 4 to 8 digits has not been updated on the portal, creating difficulties for businesses in preparing accurate returns.
- The mandatory association of the Unit of Measurement (UoM) with specific HS codes and the lack of support for standard measurement units have complicated data entry and sales tax return preparation.
- The KTBA has urged the FBR to resolve all technical glitches in the IRIS portal and extend the deadline for filing sales tax returns until March 28, 2025.
- The KTBA emphasized that failure to address these issues will continue to burden taxpayers and impact the efficiency of the sales tax collection process.
Source: pkrevenue.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
