KTBA Urges FBR to Simplify Tax Refunds, Address Portal Issues

The KTBA delegation met with FBR Chairman Rashid Mahmood Langrial, highlighting delays in Section 7E refunds and urging an automated system for rapid processing. They also raised concerns about the FBR portal going offline near the filing deadline, stressing the need for technical resolutions. The delegation warned that Pakistan's complex tax compliance deters foreign direct investment, advocating for a more investment-friendly system. While not a direct market mover, improved tax efficiency could positively impact business sentiment and long-term economic stability, indirectly supporting the Pakistani Rupee.

بحوالہ / Source: www.brecorder.com