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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

ANF foils attempt to smuggle heroin to UK

ISLAMABAD: The Anti-Narcotics Force (ANF) has foiled an attempt of smuggling heroin to Birmingham (United Kingdom) at Bainazir Bhutto International Airport Islamabad and arrested the accused on the spot. According to details, the Anti-Narcotic Force has recovered one kilograms of heroin from Muhammad Nawaz, who is a resident of Birmingham (U.K). He had concealed the drug in his shoes. During checking passengers of ... Read More »

100,000 new people added in tax net: Jam Kamal

ISLAMABAD: Minister of State for Petroleum and Natural Resources Jam Kamal informed the Senate that government took various steps to broaden tax net adding that 100,000 new people were brought into tax net. Concluding discussion on a commenced motion moved by Shibili Faraz regarding steps taken by the government to broaden the tax net in the country, the minister said ... Read More »

DG Haroon reviews performance of IR Intelligence

ISLAMABAD: A high level meeting of the Directorate of Investigation and Intelligence-Inland Revenue was held at the Federal Board of Revenue (FBR) Headquarters to review the performance of different units of the directorate. The meeting was chaired by Director General IR Intelligene, Haroon Tareen, in which an issue regarding the registration of criminal cases against non-taxpayers was discussed who found ... Read More »

Audit team detects Rs 60 million fraud in property tax, receipts of millions of rupees missing

ISLAMABAD: An audit team has already completed the audit of Excise and Taxation Department of Rawalpindi for the year 2014-15. According to sources, the audit team has returned to Lahore after completing the audit and will prepare its report and will send it to the Punjab government. Sources further added that a Rs 60 million fraud was deducted in the ... Read More »

FBR collects Rs 148b in July 2015 against Rs 133b in July 2014

ISLAMABAD: Marking 11 percent growth over thr last year, the Federal Board of Revenue (FBR) has collected Rs 148.98 billion net revenue during first month (July) of current fiscal year 2015-16 against the collection of Rs 133.96 billion in the same month of the last fiscal year 2014-15. As per statistics of the FBR, it generated Rs 16.245 billion net ... Read More »

SC plans to form special benches to solve pending cases of FBR

ISLAMABAD: The Supreme Court has decided to establish special tax benches in the apex and high courts for early resolution of the pending cases following the request of the Federal Board of Revenue (FBR) in this regard. The FBR officials claimed that the number of total pending cases of the FBR in courts is more than 2000, in which revenue of ... Read More »

FBR officials, traders meeting remains inconclusive

ISLAMABAD: The second round of talks between FBR authorities and traders ended without reaching any conclusion. According to details, the traders demanded that under section 40 of Sales Tax Act 1990, raids on shops, business centers and business points must be stopped immediately.  They said that these kind of measures creates negative impact on traders community.. During the meeting, traders ... Read More »

FBR to conduct audit of non-filer traders

ISLAMABAD: The Federal Board of Revenue (FBR) has decided to conduct audit of non-filer traders and also decided that traders who uses ATM credit/debit cards are not bound for the registration of sales tax. According to sources, the Federal Board of Revenue has amended sales tax special procedure rules and decided to conduct audit of the non-filer traders while the ... Read More »

Sales tax registration of retailers having Rs 5m turnover no longer binding

ISLAMABAD: The Sales Tax Committee of the government has dispelled the fears of retailers and business community regarding the imposition of 0.3 percent withholding tax on bank transaction that it would show their actual turnover exceed Rs 5 million and they would be forced to be registered for the sales tax regime. “For retailers, there is nothing to worry about ... Read More »

FBR to settle issues of textile industry soon: Haroon

ISLAMABAD: Special Assistant to Prime Minister on Revenue, Haroon Akhtar Khan assured the industry that Federal Board of Revenue (FBR) will facilitate the industry and try its best to resolve the issues as early as possible. He stated this in a high level meeting of the representatives of textile industry was held at FBR Headquarters to discuss issues relating to ... Read More »

Rawalpindi: Customs seizes smuggled goods worth Rs 20m

ISLAMABAD: Directorate Customs Intelligence and Investigation Rawalpindi has seized smuggled goods worth Rs 20 million and arrested six suspects. At least 15 cases have been registered against smugglers during July 2015. Deputy Director Rawalpindi Shahid Jan told Customs Today that during the course of anti-smuggling activities in July 2015, the Directorate Intelligence and Investigation Rawalpindi has seized and recovered Rs 20 million smuggled goods ... Read More »

Adjudication Collector Seema recovers Rs 42m by deciding 8 cases in July

ISLAMABAD: Collector Customs Adjudication Seema Raza Bukhari has decided eight cases and recovered Rs 42 million as  penalty during July 2015. According to details, Colllector Customs Adjudication Islamabad Seema Raza Bukhari has heard different types of anti-smuggling cases relating to electronics, tea, cloths, vehicles and other miscellenous smuggled items and decided cases and recovered Rs 42million as fine in July ... Read More »

Establishment Division Committee to review issues of contract staff at PRAL

ISLAMABAD: Establishment Division Committee for Pakistan Revenue Automation Limited (PRAL) contract employees has called its first meeting to review matter of contract employees. The meeting will be presided over by Haseeb Athtar. According to sources, the committee has sent a letter to PRAL CEO and asked him to select a grade 20 officer who will attend the meeting and also ... Read More »

Rawalpindi Customs Intelligence holds six containers on Rs 8m tax evasion

ISLAMABAD: Directorate Customs Intelligence and Investigation Rawalpindi has seized six containers carrying imported vehicle batteries at Islamabad dry port following charges of alleged tax evasion to the tune of Rs 8.25 million through mis-declaration. The Customs Intelligence has also arrested two officials including principal appraiser, appraiser and owner of M/S Pakistan Royal Group, importer of the said consignment on their ... Read More »

FBR sacks 160 contract based employees of Pakistan Revenue Automation Limited

ISLAMABAD: Federal Board of Revenue (FBR) has dismissed as many as 160 employees of Pakistan Revenue Automation Limited (PRAL) on showing poor performance after maturity of their contract. As per details, sacked employees were performing their duties at FBR’ desks in National Bank of Pakistan (NBP) and State Bank of Pakistan (SBP) to facilitate the public in generating PSID numbers. ... Read More »

FBR, GIZ to hold workshop for improving tax system

ISLAMABAD: Federal Board of Revenue (FBR), in collaboration with Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ), a German institute, is going to organise a workshop on ‘Good Governance–Result Area Taxation’ on August 18 and 19, 2015. In workshop, FBR and GIZ would discuss five work plans in order to improve the tax systems in the country. Officials will also take decisions regarding the ... Read More »

FBR’s BS-18 officers to be selected on August 12 for promotion

ISLAMABAD: The Federal Board of Revenue (FBR) Departmental Selection Board’s meeting is going to be held on August 12 in order to select the officers of BS-18 for their promotion to BS-19. Sources told Customs Today that the department was preparing a list of BS-18 officers of both Inland Revenue (IR) and Pakistan Customs which will be presented before the board. However, ... Read More »

Customs Rawalpindi seizes Toyota Vigo worth Rs 4.5m

ISLAMABAD: The Directorate-General Customs Intelligence and Investigation has impounded one non-duty paid Toyota Vigo Champ worth of Rs 4.5 million during road checking. According to details, the above said vehicle was seized due to non-production of legal documents from Qasim Market area of Rawalpindi. During checking customs staff found that the car displaying fake registration mark. While the chemical examination ... Read More »

Six top Customs officials assume charges after transfer

ISLAMABAD: Several top officials of Federal Board of Revenue’s Pakistan Customs Service (PCS) have assumed/relinquished charges of their respective posts after transfer. Muhammad Nazim Saleem, a PCS officer of BS-21, assumed the charge of the post of Member, FBR (HQ) after relinquishing the charge of the post of Chief Collector, Chief Collector (Enforcement), Karachi, on August 4, 2015. Imtiaz Ahmad ... Read More »

No plan to freeze non-filers’ accounts: Shahid Asad

ISLAMABAD: The Federal Board of Revenue (FBR) has denied any planning to freeze bank accounts of non-filers in order to deduct taxes. Shahid Hussain Asad, Senior Member Inland Revenue-Policy and Official Spokesman of the FBR, said that there was no such a policy in pipeline to freeze bank accounts of non-filers as All Pakistan Truck Trailer Motor Owners Association president Lala ... Read More »