FBR IRIS Glitches Hamper Tax Filings, PCDMA Urges Swift Action

PCDMA Chairman Salim Valimuhammad has highlighted persistent technical issues with the Federal Board of Revenue’s (FBR) IRIS system, particularly Annex H1, which are delaying Sales Tax Returns submissions for businesses across Pakistan. This dependency on suppliers and system failures expose taxpayers to penalties for late filing, despite their willingness to comply. The association has urged FBR to address the matter urgently, proposing solutions to streamline the filing mechanism. While not a direct market mover, prolonged administrative hurdles like these can subtly impact business sentiment and the broader economic outlook in Pakistan.

بحوالہ / Source: www.brecorder.com