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Nisar Muhammad Khan-led new FBR team all set to meet ‘expectations’

ISLAMABAD: The new team members of Federal Board of Revenue (FBR), led by new FBR Chairman Nisar Muhammad Khan, are known for their good repute and honesty among the board members. The new members, selected purely on merit, have shown excellent performance in their previous job tenures. New Customs Member Nasir Masroor was performing his duties as Reforms and Automation ... Read More »

700,000 tax evaders went scot free 5 years ago: KCCI urges FBR to bring 240,000 to book

KARACHI – Commenting on notices issued by the Federal Board of Revenue (FBR) to 240,000 tax evaders, Karachi Chamber of Commerce and Industry (KCCI) President Iftikhar Ahmed Vohra urged it to ensure strict follow-up of these notices. The KCCI president held the tax evaders responsible for giving severe losses to the national exchequer. He demanded that information about these tax ... Read More »

128 officers of BS-17, 18 transferred: FBR warns officers to discontinue/denotify performance allowance after Feb 9, 2015

ISLAMABAD:  Those Federal Board of Revenue (FBR) officers who have failed to submit their all declaration of assets up to June 30, 2014 have been warned by the FBR to discontinue/denotify their performance allowance after February 9 2015. The FBR issued directions in Board’s letters of even No dated 05-08-2014 and 17-11-2014 on the above subject. It noted that a ... Read More »

FBR chief Bajwa asks DG Internal Audit, DG Valuation to improve performance

ISLAMABAD: Director General Internal Audit Karachi Rubina Wasti and Director General Valuation Karachi Sameera Nazeer met Federal Board of Revenue Chairman Tariq Bajwa at the FBR Head Office. Bajwa instructed both the officials to enhance performance of their respective departments. The FBR chairman also instructed Internal Audit director general to speed up the audit process of companies and individuals who ... Read More »

Dar, Bajwa select 77,500 returns for audit through balloting

ISLAMABAD: Random computer ballot was conducted on Thursday at Federal Board of Revenue, Islamabad for selection of cases for audit for Tax Year 2013 and Tax Period 1st July 2012 to 30th June, 2013 in respect of Income Tax, Sales Tax and FED. The Minister for Finance, Revenue, Economic Affairs, Statistics and Privatization, Senator Muhammad Ishaq Dar was the chief ... Read More »

FBR chief Bajwa briefs ADB president about Pakistan’s tax system

ISLAMABAD: FBR Chairman Tariq Bajwa called on Asian Development Bank (ADB) President Takehiko Nakao and a delegation of American Business Council and briefed them about tax collection mechanism and performance of FBR in this regard. ADB President lauded the FBR functioning along with stressing upon widening the tax net. Similarly, FBR chairman briefed the American Council delegation about the tax ... Read More »

Bajwa directs tax officers to recover Rs 70 billion from SM Foods

MULTAN: The Federal Board of Revenue Chairman Tariq Bajwa has directed the subordinates to present the comprehensive report on Rs 70 billion tax evasion by a famous businessman of Multan City. As per details, FBR chairman asked regional tax officers of Multan to recover Rs 70 billion rupees tax from a businessman evaded in last two years. The accused Saim ... Read More »

Holder of taxpayer card to get numerous benefits: Bajwa

MULTAN: Federal Board of Revenue (FBR) Chairman Tariq Bajwa disclosed that Nadra had designed a ‘distinction’ card for the taxpayers and holders of this card will get numerous benefits. Addressing members of Multan Chamber of Commerce and Industry (MCCI), Bajwa pointed out that holders of this card would be entitled to pay concessional tax on the purchase of cars and ... Read More »

Bajwa to visit Multan RTO on Friday

ISLAMABAD: Federal Board of Revenue Chairman Tariq Bajwa will visit Multan Regional Tax Office (RTO) on September 5 (Friday) to review the field formation operations and tax collection efforts. As per details, the FBR chairman and member Inland Revenue Muhammad Ashraf Khan will visit Multan RTO on Friday to discuss the strategy to achieve the revenue target for current fiscal ... Read More »

FBR meeting to review revenue operations

ISLAMABAD: Federal Board of Revenue Chairman Tariq Bajwa to preside a meeting to review field operations and revenue collections, on Wednesday. As per details, the FBR members and director general of withholding will also attend the meeting and give their suggestions to improve the strategy for revenue collection. Read More »

Bajwa to visit PEMRA office to discuss tax matters of media houses

ISLAMABAD: Federal Board of Revenue (FBR) Chairman Tariq Bajwa will visit PEMRA headquarters on September 2 to participate in an important meeting. Sources told Customs Today that the meeting will be organised to discuss tax matters of media houses. The FBR chairman was invited to seek advice on the matter. Read More »

Bajwa, Ashraf tell field officers to achieve revenue target

ISLAMABAD: Federal Board of Revenue Chairman Tariq Bajwa has visited large taxpayers to encourage them on their revenue collection efforts amid the current political situation in the country. On the directive of the FBR chairman, member Inland Revenue Operation Muhammad Ashraf Khan visited RTOs in Islamabad and Rawalpindi and met chief commissioners and urged the field formation officers to gear ... Read More »

FBR designs new software for online tax payments

ISLAMABAD: The Federal Board of Revenue has designed a new software for taxpayers to submit their tax returns online. The new software enables the taxpayers to submit their declarations of income tax, sales tax, withholding tax and federal excise duty through online service. As per details, FBR IT team has introduced the new software to facilitate the taxpayers so that ... Read More »

Bajwa reviews tax operations, meets British delegation

ISLAMABAD: Federal Board of Revenue Chairman Tariq Bajwa has instructed all field formation officers to gear up their efforts to achieve the revenue target for the current fiscal year. As per details, the FBR chairman has given the instructions to officers during a presentation given by member IT Miss Ra’ana Ahmad at the FBR headquarters. In this presentation, member IR ... Read More »

FBR Chairman, Member Customs review revenue operations

KARACHI: The Federal Board of Revenue (FBR) Chairman Tariq Bajwa and Member Customs Nisar Muhammad Ali Khan visited Karachi Customs House to hold meetings with the Pakistan Customs officials on revenue operations at Chairman Secretariat. The Pakistan Customs Enforcement-South Chief Collector Muhammad Nazim Saleem, Appraisement-South Chief Collector Nasir Masroor, MCC Appraisement-East Collector Najeeb-ur-Rehman Abbasi, MCC Appraisement-West Collector Muhammad Saleem, MCC ... Read More »

Bajwa denies having Facebook account

ISLAMABAD: The Federal Board of Revenue Chairman Tariq Bajwa strongly denied the rumours about having an account on social interactive site Facebook. “I don’t even have a Facebook account but cyber criminals have been operating fake account using my name” he clarified. He also shared the link with Customs Today which is and said he will not responsible for ... Read More »

Imran, Qadri followers surround FBR building: Chairman, members use rear gate

ISLAMABAD: The Federal Board of Revenue Chairman and members used rear door to enter the FBR building and left after 2-3 hour office working due to uncertain law and order in Red Zone. The police and sit-in participants have surrounded the FBR building along with other government buildings and institutions after the marches have been shifted to Red Zone. On ... Read More »

$200b: Finance secy, FBR chief reaching Switzerland on 26th

ISLAMABAD: The delegation to negotiate return of $200 billion of Pakistan stashed away in Swiss Banks will reach Switzerland on August 26, 2014. The delegation will consist of the Federal Finance secretary, the FBR chairman and other officials. According to reports, the Pakistani delegation will stay in Swiss capital for three to four days. It has been expected that it ... Read More »

FBR Chairman visits customs house

KARACHI: The Federal Board of Revenue (FBR) Chairman Tariq Bajwa has visited customs house, offices of Inland Revenue Services (IRS) and Regional Tax Offices (RTOs) here the other day. In his one-day visit, FBR chief held several meetings with the Chief Collectors, Collectors and directors of different wings, in which he stressed upon to broaden the tax net to achieve ... Read More »

Plan to name ex-babu as TRC chief raises eyebrows

ISLAMABAD: Tax experts and legal wizards have expressed astonishment over the government proposed planned appointment of a retired bureaucrat as head of the Tax Reforms Commission (TRC) and described the move as the government’s backtracking from its commitment to revisit the tax policies. As per reports, the government is considering people for the job who are experts in public finance ... Read More »