Karachi Tax Bar Association (KTBA) has requested the Federal Board of Revenue (FBR) to allow the submission of amnesty for those who paid taxes on July 3, and the issuance of final notification for traders to enable them for filing tax returns.In a letter sent to the chairman FBR, KTBA reiterated that the issues related to the amnesty filers and traders in context of return filing are still unresolved owing to which they cannot file their tax returns for FY 2019 despite repeated extensions.It said it was critical to decide the fate of filers of the Assets Declaration Scheme 2019 who could not submit their declarations due to untimely closure of the option on IRIS on July 3, 2019. Consequently, they could not revise their wealth statements for the Tax Year 2018, which is a necessary component for filing the return of income and wealth for the next year i.e. Tax Year 2019.It is apprehended that if they were not allowed to submit their declarations, which they have not been so far, in the last six (06) months, their right to timely file their returns of income for the Tax Year 2019 is systematically been jeopardized and mere extending date of filing wont resolve their problem.
Furthermore, KTBA said the group of taxpayers consisting of traders of the country who still have to be given, inter-alia, a final format of return for their tax filing, which the FBR introduced vide its notification under sections 99B and 9C of the Ordinance and committed that the same would be applicable right from the very Tax Year of 2019.It said the final notification, however, had not yet been issued by FBR either to confirm or to dispel their confusion owing to which, the large group of taxpayers had not been able to file their tax returns yet. KTBA said the system for submitting amnesty should be opened for those who paid their taxes on July 3rd and the final notification for traders was issued to enable them file their tax returns.
Comments
Comments are closed.