All resident persons belonging to association, trade bodies required to file income tax returns

KARACHI: The Federal Board of Revenue (FBR) has said that all the resident persons belonging to any association or trade body are required to file income tax returns.
Through the Finance Act, 201 3, persons registered with any trade or professional association were made mandatory to file a return irrespective of the status of a person being a resident or a non-resident.
This included persons registered with any chamber of commerce and industry or any trade or business association or any market committee or any professional body including Pakistan Engineering Council, Pakistan Medical and Dental Council, Pakistan Bar Council or any Provincial Bar Council, Institute of Chartered Accountants of Pakistan or Institute of Cost and Management Accountants of Pakistan.
The FBR said that these provisions were causing hardship in certain cases such as where members are residing abroad and do not have any Pakistan-source income.
Through the Finance Act, 2014, the obligation to file return by persons who are members of such associations is restricted to resident persons only.

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