KARACHI: Tax practitioners have urged the Federal Board of Revenue (FBR) to clarify bi-annual filing of withholding statement.
In a letter sent to FBR chairman on Thursday, the Karachi Tax Bar Association (KTBA) said the withholding statement was to be submitted biannually under Finance Supplementary (Second Amendment) Act, 2019.
The act was implemented on March 12, 2019, the tax bar said, adding that many taxpayers had already filed their statements for the months of January and February.
The FBR on July 17, 2019 notified rules for implementing the biannual filing of withholding statements. The first biannual filing was due on July 31, 2019.
Chinese power company had intended to acquire up to 18.336 billion ordinary shares of K-Electric, representing 66.4...
MARI also successfully drilled and tested another appraisal well in the Mari Ghazij formation located in Mari D&PL
Gold rates decreased by $30 to $2,381 per ounce in the international market
Growing number of Americans have seen their savings dwindle as rising prices squeeze budgets while interest rates stay...
IMF will closely watch the privatization of PIA by the end of June
PSX lays down the groundwork to encourage listed companies to adopt ESG reporting in line with global standards
