Karachi Tax Bar Association (KTBA) has requested the Federal Board of Revenue (FBR) to extend the date of e-filing of returns by December 31, 2018. In a letter sent to the chairman FBR, KTBA said that during current year, many taxpayers having foreign-sourced income wanted to declare it in proper manner, however, procedure in this regard was not explained by FBR but only provided one column for filling foreign income from all sources at code no. 6000.

Similarly, as per circular no. 3 of 2018, the FBR is required to issue a separate circular regarding explanation and filing of income from foreign sources but no such circular was yet issued. Moreover, the return form was abruptly changed on November 25, 2018 without issuance of notification.

Copyright Business Recorder, 2018