KTBA urges FBR to modify IRIS system

The Karachi Tax Bar Association has asked the Federal Board of Revenue to change IRIS so Pakistanis returning from non-resident status can enter an opening wealth figure for Tax Year 2026. Business Recorder reported that the current system pulls forward the amount in a taxpayer’s last Wealth Statement and locks the field against editing.

The association says this creates a mismatch for people who did not have to submit Wealth Statements during intervening years abroad, but must file one after becoming tax residents again. Its example concerns a taxpayer whose last statement was for Tax Year 2023, followed by non-resident status in 2024 and 2025; KTBA says the system carries the June 30, 2023 balance into the 2026 filing. It wants the validation changed so returning taxpayers can declare an appropriate opening amount and complete the required reconciliation without accounting for the non-resident years.