KCCI Strongly Opposes Restoration of Affidavit Requirement for Sales Tax Returns

• KCCI opposes restoration of affidavit requirement for sales tax returns
• President Bilwani criticizes move and demands suspension of mandate
• FBR had previously suspended affidavit requirement for September 2024
• No consultations or alternative solutions have been explored
• Requirement adds burden and creates intimidation for businesses
• CFOs and taxpayers are asked to verify tax credits they cannot fully verify
• Bilwani expresses concern over legal repercussions for non-compliance
• KCCI calls for removal of affidavit requirement and fair solutions for taxpayers

Source: pkrevenue.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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