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Author Archives: Shahid Minhas

ANF foils bids to smuggle 1.45 kgs herion at Islamabad Airport

ISLAMABAD: The Anti-Narcotics Force (ANF) has foiled bids to smuggle drugs to foreign countries and recovered 1.45 kilograms of heroin while arrested two accused at Airport Islamabad. The ANF sources told Customs Today that the ANF team has recovered one kilograms of heroin from a passenger named Ghualm Abbas when he arrived at the ANF counter, sources said, adding that ... Read More »

Govt imposes new taxes on different items in Islamabad

ISLAMABAD: Federal government announced to impose new taxes on fruit, meat, flour, eggs and other agricultural products in Islamabad region. Official sources said that these taxes will be collected from provisional stores, wholesales and agricultural productions mills. Government is optimistic to generate huge revenue through this measure. Sources told this scribe that after levy of new taxes prices of bread, ... Read More »

Excise Rawalpindi starts to revise property tax challan forms

ISLAMABAD: Excise and Taxation department Rawalpindi received around 20,000 applications for correction in property tax challans. According to excise department sources the department sent property tax challans to the citizens for the current Fiscal Year. After receiving challans forms majority of property tax payers approached Excise authorities for correction of challans forms. Sources said that tax payers complained that extra ... Read More »

PM takes notice of delay in giving tax exemptions to projects related to CPEC

ISLAMABAD: Prime Minister Nawaz Sharif has taken notice of delay in giving duty/taxes exemption to the projects related to the China-Pakistan Economic Corridor (CPEC) and will call a meeting of the Ministry of Power and Electricity, and the Federal Board of Revenue (FBR) to resolve the matters, it is learnt here. Sources said that the FBR has already informed the Ministry ... Read More »

Rawalpindi Excise listing tax defaulters taking part in LB polls

ISLAMABAD: The Excise and Taxation Department Rawalpindi has started preparing lists of property tax defaulters who are taking part in local bodies elections. Sources said that a number of people are participating in elections for the seat of chairman, vice chairman and councillors from different areas of Rawalpindi, including Rawal Town and Pothohar Town. They added that record of all candidates will be ... Read More »

Rawalpindi Excise impounds 1,460 token tax defaulter vehicles

ISLAMABAD: The Excise And Taxation Department Rawalpindi in a crackdown against token tax defaulter and unregistered vehicles has impounded 1,460 vehicles. Excise Director Tanveer Gondal said that operation against tax defaulters was also conducted on Sundays. The crackdown was at four locations in Rawalpindi during which 3,000 vehicles were checked. Gondal added that 1,460 vehicles were impounded, which were token ... Read More »

FBR to put names of 110 non-taxpayers on ECL

ISLAMABAD: The Federal Board of Revenue (FBR) has decided to put the names of 110 non-taxpayers on the Exit Control List (ECL), Customs Today has learnt. Sources said that FBR will take action against those taxpayers, who did not pay taxes in years 2012, 13 and 14. In the first phase, FBR has directed all RTOs to take stern action against non-taxpayers. In the ... Read More »

FBR rejects PTI request seeking tax details of PM’s sons

ISLAMABAD: The Federal Board of Revenue (FBR) has refused to provide tax-related details of Prime Minister Nawaz Sharif’s sons and Finance Minister Ishaq Dar’s son. According to the details, Pakistan Tahreek-e-Insaf (PTI) had sent a letter to the FBR seeking details of past 10 years tax returns filed by PM’s sons Hassan Nawaz and Hussain Nawaz and Finance Minister’s son Ali ... Read More »

FBR directs importers to provide details while filing TP goods declaration

ISLAMABAD: The Federal Board of Revenue (FBR) has directed the importers to provide complete details of goods while filing TP goods declaration. According to details, FBR directed the importer to provide true declaration of goods in terms of Section 79 of the Customs Act, 1969, which provides filing a true declaration of goods, giving therein complete and correct particulars of ... Read More »

ANF foils bid to smuggle 1.4 kg heroin to Dubai

ISLAMABAD: The Anti-Norcotics Force (ANF) has foiled a bid to smuggle heroin to Dubai at Benazir Bhutto International Airport Islamabad. The ANF sources told Customs Today that ANF received information that an attempt is being made to smuggle heroin following which the ANF tightened security and recovered 1.4 kilogram of heroin from Shehbaz, a resident of Gujrat. The suspect was approaching the departure lounge to ... Read More »

FBR likely to increase duty tax rates on cigarettes

ISLAMABAD: The Federal Board of Revenue (FBR) is likely to increase federal excise duty (FED) and regulatory duty on cigarettes and other items in order to overcome Rs 40 billion shortfall in revenue collections and fulfill the requirements of the International Monetary Fund (IMF) for next tranche of $502 million, sources said. They said that FBR would increase duty rate on ... Read More »

FBR to announce amnesty scheme to recover Rs 365 billion unpaid taxes

ISLAMABAD: The Federal Board of Revenue (FBR) has decided to announce tax amnesty scheme for taxpayers to recover unpaid taxes amounting to Rs 365 billion. Sources informed Customs Today that Special Assistant to PM on Revenue Haroon Akhtar Khan has said that cases, which are pending in tax tribunals, high courts and Supreme Court involving billions of rupees, will be ... Read More »

Punjab collects Rs 35 billion professional tax from 35,000 teachers

RAWALPINDI: The Punjab Finance Ministry has collected Rs 35 billion as professional tax from 350,000 government schoolteachers during first four months of the current fiscal year. According to the details, the government has collected Rs 100 as tax from a teacher in four months. On the other hand, teacher association has reservations over the imposition of professional tax as it ... Read More »

11 MNAs not allowed to participate in Speaker’s election

ISLAMABAD: At least 11 members of the National Assembly (NA) will not participate in voting for the election the speaker as they have not submitted their tax returns and their memberships were suspended. According to details, eleven MNAs include Muhammad Khan Sherani, Ameen Faheem, Rasheed Gudail, Kanwar Naveed, Sajid Nawaz, Mohsin Shahnawaz, Shafaat Hatat, Salman Haneef, Moeen Watto, Diwan Aashiq and Sultan Mehmood. Their ... Read More »

FBR introduces E-Form to facilitate exporters

ISLAMABAD: The Federal Board of Revenue (FBR) has provided the facility for the exporters’ introducing electronic E-Form in computerized clearance system V-Book. According to sources, the FBR has also issued circular for the awareness of exporters in this regard. According to the circular, exporters can get electronic E-Form from any bank. Earlier, exporters have provided limited time opportunity to submit application ... Read More »

FBR, traders talks end in fiasco

ISLAMABAD: The negotiations between Federal Board of Revenue (FBR) and traders’ representatives on the issue of non-filer traders finished without any results. According to the sources, meeting was held here in FBR headquarters in which FBR Inland Revenue-Policy (IR-Policy) Member Shahid Husain represented the income tax wing, IR-Operations Member Ashraf Khan represented sales tax, while Parliamentary Secretary for Finance Afzal ... Read More »

DC Shahid Jan takes charge at Islamabad airport

ISLAMABAD: Deputy Collector Shahid Jan has taken charge of his new assignment at Benazir Bhutto International Airport (BBIAP) Islamabad. According to details, Shahid Jan has started his duty after he was transferred from his previous position as Deputy Director Intelligence and Investigation (I and I) Rawalpindi. Shahid Jan is a senior customs officer with a diverse experience in his field. ... Read More »

FBR starts SMS facility for verification of active taxpayers

ISLAMABAD: The Federal Board of Revenue (FBR) has started SMS facility for the verification of active taxpayers. According to details, the FBR has made this step to facilitate individuals and companies who are facing difficulties in inquiring their tax problems. Now they can verify their validity in Active Taxpayers List (ATL) by sending an SMS to 9966. FBR has directed the ... Read More »

Islamabad Customs collects Rs 424 million as customs duty in four months

ISLAMABAD: The Model Customs Collectorate collected Rs 424.81 million in term of customs duty during the first four months of current financial year 2015-16. According to the details, Islamabad Customs had collected Rs 545.21 million during same corresponding period of last year 2014-15. The figure shows 28 percent decline in collection of customs duty than the previous year. Moreover, during ... Read More »

Rs 112b evasion: FBR kicks off investigation against K-Electric

ISLAMABAD: The Federal Board of Revenue (FBR) has started investigation against the K-Electric following the charges of Rs 112 billion tax evasion. According to a letter written by Transparency International Pakistan (TIP) to the chairman of the parliamentary panel, the latest tax return submitted to the FBR by K-Electric reveals that in the income tax for 2013-14, sale is stated ... Read More »