KARACHI: A ‘dispute’ of filing tax returns between Federal Board of Revenue (FBR) and customs clearing agents has been solved.
Now the members of Karachi Customs Agents Association (KCAA) can file monthly sales tax returns, pending for the past five years, without fine and penalties. The issue was unsettled since the 18th amendment into the constitution, passed by the National Assembly in 2010.
The matter was settled during a meeting with the high-ups of FBR in which the issue of non-filing of sales tax returns to the FBR portal since 2011 was discussed in detail. “After the meeting, the FBR issued notification, allowing the filing of sales tax returns without fine and penalties,” KCAA said in a statement.
