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Tag Archives: FBR

FBR officials praise Chairman Tariq Bajwa for being unimpressed from influential tax evaders

LAHORE: The Federal Board of Revenue (FBR) Intelligence and Investigation staff praised the statement of FBR Chairman Tariq Bajwa against political influence in the investigations of tax evasion cases. Talking to Customs Today, an official requesting anonymity said that the FBR could get more revenue than the set target of Rs 2.691 trillion by taking nondiscriminatory measures against the powerful tax ... Read More »

FBR writes to Ministry of Commerce, FIA not to harass customs officials in pharma raw material case

KARACHI: The Federal Board of Revenue (FBR) has written a letter to the Ministry of Commerce (MoC) and the Federal Intelligence Agency (FIA) to stop harassing the customs officials in a fabricated cases allegedly established by the FIA officials regarding the clearance of pharmaceutical raw material. Sources informed Customs Today that the FBR authorities urged the FIA to ensure resolution ... Read More »

FIA issues notices to 90 allegedly corrupt customs officers of Lahore RTO

ISLAMABAD: The Federal Board of Revenue (FBR) has decided to take the help of the Federal Investigation Agency (FIA) in taking action against corrupt officers up to the rank of BS-16. According to sources, FIA Assistant Director Asif has issued notices to 90 employees of Regional Tax Office (RTO) and Model of Customs Collectorate, Lahore, for their alleged involvement in ... Read More »

FBR to verify motives behind delay in transfer of customs superintendents

ISLAMABAD: Orders of transfer of two superintendents issued by the Federal Board of Revenue (FBR) have not yet been implemented even after a lapse of three months. According to sources in the FBR, the board issued transfer orders of two superintendents, Javed Rao and Ishaq Kayani, of the Model of Customs Collectorate (MCC) Islamabad. The MCC Islamabad has not relieved ... Read More »

FBR Taxpayers Audit wing seeks more access to data for timely settlement of cases

ISLAMABAD: The auditors’ inaccessibility to income tax data has made audit a difficult process and hampered the desired performance of the organisation. The Taxpayers Audit wing of the Federal Board of Revenue (FBR) has to write to different departments and wings for the provision of data of taxpayers for auditing purpose. Therefore, the FBR is required to enhance access of ... Read More »

Legal, departmental action will be taken against corrupt officials: FBR

ISLAMABAD: Federal Board of Revenue (FBR) spokesperson Shahid Asad has said that the bureau will not terminate a specific number of people through any programme, but officials involved in corruption will not be spared at any cost. Talking exclusively to Customs Today, Shahid said that officers involved in corruption will have to face consequences under the legal and departmental rules. ... Read More »

FBR collects Rs 1,519b revenue with growth rate of 13pc in 8 months

ISLAMABAD: The Federal Board of Revenue (FBR) has shown a historic performance regarding revenue collection in the first eight months of the current fiscal year 2014-15. The FBR collected Rs 1,519 billion revenue, showing 13 percent increase in collection, as only Rs 1,341 billion was collected during the same time last year 2013-14. Talking about the monthly performance, the FBR ... Read More »

Lahore: FBR employees stage protests against Union president dismissal

LAHORE: Federal Board of Revenue (FBR) lower grade employees under the banner of FBR Revenue Alliance Employees Union have started their protest demonstration in Regional Tax Offices against the dismissal of Union president. Initially Faisalabad and Sialkot RTOs employees on Friday protested inside the RTOs and termed the dismissal of the Central President Mian Abdul Qayoom as illegal, unlawful and ... Read More »

FBR to fire 400 customs employees up to BS-16; 50 between BS-17 and BS-20

ISLAMABAD: The Federal Board of Revenue (FBR) has decided to terminate 400 employees of BS-1 to BS-16 and 50 employees of BS-17 to BS-20 over corruption charges. A committee of three board members has been formed which will give its final decision after observing the names and corruption evidences sent by Model of Customs Collectorates MCCs and Regional Tax Offices ... Read More »

Tax lawyers urge FBR to resolve ‘jurisdiction changing’ issue immediately

LAHORE: Tax lawyers and income tax practitioners have urged the Federal Board of Revenue (FBR) to settle the cases regarding jurisdiction changing applications of taxpayers, immediately. Talking to Customs Today, tax lawyers said that taxpayers were facing problems in changing the jurisdiction from one regional tax office to another. They added that applications had been submitted to the related department ... Read More »

Working conditions may turn violent at FBR offices due to protest demonstrations of Union

LAHORE: Pleasant working conditions in the Federal Board of Revenue (FBR) may turn violent as the Federal Revenue Alliance FBR Employees Union CBA has announced to hold protest  demonstrations in the Regional Tax Offices across the country against the dismissal of the union president. In a letter issued, Federal Revenue Alliance Employees Union Secretary General Central Ghulam Akbar Chandio said ... Read More »

FBR suspends three RTO-II officials allegedly involved in tax scam

LAHORE: The Federal Board of Revenue (FBR) has suspended two officers and a clerk on showing non-professionalism in their duties, as they allegedly collected fake income tax returns and wealth statements. Sources said that three officials had collected fake tax returns and wealth statements of a private group of companies, which did not fall in the jurisdictions of RTO-II Lahore. ... Read More »

No WHT exemption is available to foreign institutional investors: FBR

KARACHI: The Federal Board of Revenue (FBR) has notified that no exemption, whatsoever, from withholding tax (WHT) under Eighth Schedule (Capital Gains Tax) of the Income Tax Ordinance, 2001  is available to foreign institutional investors. The FBR has specified through SRO 161(I)/2015 that in case of foreign institutional investors, these rules shall be applicable on capital gain derived from July 1, ... Read More »

FBR decides to bring “professionals” into tax net

KARACHI: The Federal Board of Revenue (FBR) has decided to bring “professionals” into tax net and punitive measures are being taken by the board in this regard. Well informed sources told Customs Today that the FBR concerned authorities are making plans to extend the tax net by bringing professionals including doctors, educationists, lawyers, engineers and others into tax net. They ... Read More »

FBR freezes seven bank accounts of MLW, recovers Rs 4.8m

LAHORE: The Federal Board of Revenue (FBR) has frozen seven bank accounts of MLW Private Limited and recovered Rs 4.8 million from accounts of company. These accounts of MLW were opened in Standard Chartered and Silk Bank. The company is a sales tax defaulter. The Regional Tax Office-II-FBR issued a number of reminder notices to the company’s office located in Gulberg 3 Lahore ... Read More »

Sales tax exemption available on import, supply of melon seeds: FBR

KARACHI: The Federal Board of Revenue (FBR) has declared that sales tax exemption on import and supply of watermelon and melon seeds for sowing is available under the Sixth Schedule of Sates Tax Act, 1990, if it was duly certified by the relevant government agency that the same shall be used for the sowing only. In this regard, the FBR ... Read More »

LCCI urges FBR to form business friendly policies for tax collection

LAHORE: Lahore Chamber of Commerce & Industry (LCCI) has urged the Federal Board of Revenue (FBR) to form business friendly policies and promote consultation culture with the stakeholders as steps like attaching business bank accounts for recovery of outstanding dues are hampering business growth. In a statement issued here on Monday, LCCI Vice President Syed Mahmood Ghaznavi said that steps ... Read More »

APCAA members meets FBR Chairman Bajwa for resolution of issues

ISLAMABAD: A delegation of the All Pakistan Customs Agents Association (APCAA) comprising 30 office-bearers & executive committee members, headed by APCAA Chairman Syed Shams Ahmed Burney, met Federal Board of Revenue (FBR) Chairman Tariq Bajwa on Friday at the FBR House and discussed key customs clearance issues faced by the clearing agents. Some core issues that came under discussion were related ... Read More »

Dar asks Tax Reforms Commission to finalize its recommendations for upcoming budget

ISLAMABAD: Minister for Finance, Muhammad Ishaq Dar here on Friday directed the Tax Reforms Commission for finalizing its recommendations which could be reflected in the forthcoming budget as preparations of budget had already been initiated. Dar chaired a meeting of Commission which was attended by the Chairman Tax Reforms Commission Masood Naqvi, Chairman Federal Board of Revenue, Tariq Bajwa while ... Read More »

Local tyre industry urges FBR to curb smuggling of tyres

LAHORE: Smuggling of tyres from neighboring countries is affecting the growth of local industry badly. FBR should curb this smuggling of tyres and take strict action against the smugglers who are not only damaging national exchequer but also hindering the growth of local tyre industry, local tyre industry said. Sources in the local industry said that curbing smuggling can not ... Read More »