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Pakistan’s first in-depth newspaper that presents balanced news reports, analysis and reviews regarding Customs, Federal Board of Revenue (FBR) and Sales/Income Tax Departments beside covering import and export sectors comprehensively. Up-to-the-minute news bulletins regarding Customs and FBR departments are also displayed regularly on both website and face book for the interest of common people

FBR transfers 7 PCS officers of BS17-19 with immediate effect

ISLAMABAD: Federal Board of Revenue (FBR) has issued notification for transfers and postings of seven Pakistan Customs Service (PCS) officer of BS-19, BS-18 and BS-17 with immediate effect. Details are as under: Asdaq Afzal Sensera (Pakistan Customs Service/BS-19) is moved from Additional Collector, Model Customs Collectorate of Appraisement and Facilitation, Lahore and posted as Additional Collector, Model Customs Collectorate of ... Read More »

FBR invites income tax suggestions for budget 2021/2022

ISLAMABAD: Federal Board of Revenue (FBR) FBR invites income tax suggestions for budget 2021/2022 invited income tax proposals for budget 2021/2022 and asked stakeholders to submit the same by February 15, 2021. The FBR asked the tax offices, including Large Taxpayers Offices (LTOs), Medium Tax Offices (MTOs), Corporate Tax Offices (CTOs) and Regional Tax Offices (RTOs), and trade and industries ... Read More »

Procedure for importers registration for customs clearance notified

ISLMABAD: Commercial and non-commercial importers are required to get registered with Pakistan’s online WeBOC system for clearance of consignments. In order to access the online Customs portal WeBOC, the person would first have to register themselves with Federal Board of Revenue (FBR). WeBOC external user registration form NTN Number * STRN * Business Name * Business Address * Contact Person ... Read More »

FBR announces guidelines for accountants to comply with FATF conditions

ISLAMABAD: Federal Board of Revenue (FBR) has issued guidelines for accountants related to Anti-Money Laundering (AML)/Counter Financing of Terrorism (CFT) laws to comply with conditions of Financial Action Task Force (FATF). The guidelines have been prepared jointly by Pakistan’s three designated AML/CFT supervisors of accountants in Pakistan, namely The Institute of Chartered Accountants of Pakistan (ICAP), the Institute of Cost ... Read More »

NAB Chairman Justice Javed Iqbal directs regional offices to improve efficiency

ISLAMABAD: Justice Javed Iqbal, Chairman National Accountability Bureau chaired a meeting to review performance of NAB at NAB Headquarters. Mr. Hussain Asghar, Deputy Chairman NAB, Syed Asghar Haider, Prosecutor General Accountability, Zahir Shah, Director General operations attended the meeting whereas all DGs of regional bureaus attended the meeting via video link. The meeting reviewed the overall performance of NAB Headquarters ... Read More »

FBR notifies rules for taxpayers to update profile through IRIS portal

ISLAMABAD: Federal Board of Revenue (FBR) notified rules for making it mandatory for taxpayers to update their profiles through IRIS portal. The FBR issued SRO 13(I)/2021 dated January 08, 2021 to amend Income Tax Rules, 2002. Through the SRO the FBR notified online format for taxpayers to update profile. Previously, the FBR issued SRO 1341(I)/2020 on December 16, 2020 for ... Read More »

Govt taking measures to promote value added export industries

ISLAMABAD: Prime Minister Imran Khan said that the government was taking steps on priority basis to promote those industries which have been the main source of value -added exports items. Talking to a delegation of Pakistan Tanners Association, the prime minister said due to positive and business friendly policies of the incumbent government, the industrial wheel was moving at fast ... Read More »

Tax receipts crossed Rs2205b in 1H of FY21, PM told

ISLAMABAD: Prime Minister Imran Khan was told that tax receipts had surpassed Rs2205 billion during first six months of current fiscal year. Chairing a meeting to review the tax reforms, the prime minister was briefed that owing to tax reforms, a growth in number of taxpayers had been witnessed. It was told that the tax collection was being automated and ... Read More »

NAB’s Combined Investigation System Team to benefit probes: Justice Javed Iqbal

ISLAMABAD: National Accountability Bureau (NAB) Chairman Justice Javed Iqbal presided over a meeting to review performance of Operations and Prosecution Divisions of NAB at NAB Headquarters. During the meeting, Chairman NAB said that corruption is the mother of all evils. NAB is committed to making Pakistan corruption free. He said that logical conclusion of mega corruption cases is the top most ... Read More »

FBR starts crackdown against illegal petrol pumps

ISLAMABAD: Federal Board of Revenue (FBR) has started massive crackdown against illegal petrol pumps from Monday (January 11, 2021) on the directives of Prime Minister Imran Khan. Prime Minister Imran Khan in a recent meeting directed the FBR and relevant authorities to initiate harsh action illegal petrol pumps selling smuggled petroleum products. The FBR in this regard wrote letters to ... Read More »

FBR asks traders, taxpayers to use electronic payment facility

ISLAMABAD: The Federal Board of Revenue (FBR) on Monday urged the taxpayer and traders to use E-Payment facility for convenient and hassle free payment of all FBR taxes and some provincial taxes. The board in continuation reforms and modernization drive, had introduced the E-Payment facility to facilitate taxpayers, according to a statement issued by the FBR on Monday. On the ... Read More »

FBR transfers Najeeb Arjumand, Adnan Khan & Fahad Bashir with immediate effect

ISLAMABAD: Federal Board of Revenue (FBR) has issued notification for transfer and posting of following 3 officers of Pakistan Customs Service (PCS) with immediate effect and until further orders:- Najeeb Arjumand, BS-18, Deputy Director, Directorate of Intelligence & Investigation, FBR, Peshawar is transferred and posted as Deputy Collector, Customs Adjudication, Islamabad. Muhammad Adnan Khan, BS-18, Deputy Director, Directorate of Input-Output ... Read More »

Three years jail term for sales tax registration failure

ISLAMABAD: A person who makes taxable supplies but fails to get sales tax registration shall be liable to pay fine and penalties besides the person is also liable to imprisonment up to three years. According to FBR sources the tax offices had launched operations to identify persons making taxable supplies but are not in the sales tax net. The sources ... Read More »

FBR promotes 23 PCS officials as principal appraisers

ISLAMABAD: Federal Board of Revenue (FBR) notified promotions of appraising officers and assistant private secretary of Pakistan Customs Department to the post of principal appraisers (BS-16) with immediate effect until further orders. FBR notified promotions of following officers: Khalid Hassan Awan posted at Directorate General Transit Trade, Karachi. Salman Ahmed posted at Model Customs Collectorate (MCC) Appraisement and Facilitation (East) ... Read More »

FBR forms committee for tax return form simplification

ISLAMABAD: Federal Board of Revenue (FBR) on Friday constituted a committee for simplification of income tax return for Tax Year 2021. As a part of various reform initiatives and in pursuance to the special instructions of the Prime Minister of Pakistan, FBR chairman has constituted a committee for timely designing/finalization and simplification of Income Tax Return forms for individuals, AOPs ... Read More »

FBR tightens regulations for international transshipment shipping lines

ISLAMABAD: Federal Board of Revenue (FBR) has tightened the monitoring of international transshipment of imported cargo from gateway port to a foreign port. The FBR issued SRO 03(I)/2021 to amend Customs Rules, 2001. The FBR amend Rule 510A regarding transshipment of imported cargo from gateway port to a foreign port and made it mandatory the weight, seal number and container ... Read More »

FBR empowers Pakistan Customs to confiscate properties acquired through proceeds of smuggling

ISLAMABAD: Customs authorities have been empowered to confiscate properties that are acquired through proceeds of smuggling. Federal Board of Revenue (FBR) on Thursday notified rules for forfeiture of moveable and immovable properties, which are acquired through proceeds of smuggling. It shall not be lawful for any person to hold assets acquired through proceeds of smuggling either directly in his own ... Read More »

Javed Ghani assumes charge as regular chairman of FBR

ISLAMABAD: Muhammad Javed Ghani, a BS-22 officer of Pakistan Customs Service (PCS) has assumed the charge as regular chairman of Federal Board of Revenue (FBR) after serving on the same post as additional charge for almost six months. He is 30th chairman of the organization including the tenure of additional charge from July 07, 2020 to January 03, 2021. A ... Read More »

ECC approves additional cut in customs duties on 152 tariff lines

ISLAMABAD: The Economic Coordination Committee of the cabinet approved a summary regarding the removal of additional 2pc customs duties on 152 tariff lines under National Tariff Policy 2019-24. The ECC, which met in Islamabad with Finance Minister Dr Abdul Hafeez Shaikh in the chair, also approved additional 200,000 metric tons wheat for Khyber Pakhtunkhwa, 80,000 metric tons for Azad Kashmir ... Read More »

Chief Commissioners IR to appoint officials of BS-1 to BS-15 in field offices

ISLAMABAD: Federal Board of Revenue (FBR) has authorized Chief Commissioners of Inland Revenue to appoint officials of BS-1 to BS-15 in field offices. According to the sources the FBR chairman has designated officers to exercise powers of appointing authority. The FBR chairman being the secretary, revenue division is authorized to appoint officials for the post in basic pay scales 17 ... Read More »