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.
Several solar panels can be seen in this picture. — AFP/FileLAHORE: Pakistan, with a potential of 40 GW of solar...
The screenshot shows the High Commission of Pakistan in Rwanda hosting a webinar on "Exploring the African Market -...
An undated image of gold jewellery displayed at a store. — AFP/FileKARACHI: Gold prices in the local market dropped...
Clare Lombardelli, the OECD’s chief economist. — BloombergLONDON: High flows of immigration into rich countries...
Representational image of growth in economy. — APP FileLAHORE: The normal ingredients of economic growth include...
The logo of Russia's energy giant Gazprom is pictured at one of its petrol stations in Moscow on May 11, 2022. —...