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Tag Archives: Federal Board of Revenue (FBR)

114 senior FBR officers have no income tax registration

ISLAMABAD: At least 114 senior officers of the Federal Board of Revenue (FBR), from BPS 17 to 20, are not registered for income tax. According to a new list, the officers having no registration for income tax include a BPS-20 director general and BPS-17 assistant collector (prob). The list of officers consists of one director general, seven BPS-19 officers including ... Read More »

Karachi Tax Bar seeks removal of flaws in IT return form

KARACHI: The Karachi Tax Bar Association (KTBA) has written to the Federal Board of Revenue (FBR), asking it to remove flaws in new income tax return form for tax year 2014. In its letter, the KTBA pointed out that the board has uploaded the income tax returns along with allied annexure and wealth statement on its web portal without the ... Read More »

FBR revises Unified CPF Rules, constitutes CCPFB

KARACHI: The Revenue Division, Federal Board of Revenue (FBR) has revised the Unified CPF Rules through constitution of a Central CPF Board (CCPFB) at FBR Headquarters in Islamabad. The revised Unified Rules have been issued in the supersession of the Unified CPF Rules on April 18, 2006. According to details, the Central Common Pool Fund Board (CCPFB) consists of officers ... Read More »

Collector Saleem suspends PA for mismanaging FTA certificates

KARACHI: Different trade organizations have expressed deep concerns over the apathy and negligence of the officials working in the FTA Cell at Customs House, Karachi and demanded steps to improve its working. According to details, the trade organisations were of the view that the officials concerned in FTA Cell were not making the use of automated system for the convenience ... Read More »

FBR body puts off 85 babus’ promotion for third time

ISLAMABAD: The Federal Board of Revenue (FBR) promotion committee put off the promotion cases of 85 officers for the third time in this week due to the prevailing uncertainty and political impasse in the wake of sit-ins in front of the Parliament House. The officers, whose promotions have been consistently delayed, belong to the Inland-Revenue and Customs wings of the ... Read More »

Vehicle amnesty scam: FBR seeks replies from delinquent officers by Sep 10

KARACHI: The Federal Board of Revenue (FBR) has directed the customs officers, who were charged for corruption in vehicle amnesty scheme, to submit their replies by September 10, 2014. FBR Member Administration Shahid Jatoi has charge-sheeted 25 officers from BPS-17 to BPS-20, including Dr Zulfiqar Malik, the then collector appraisement, Sarfaraz Warraich, the then collector at Sambrial and Dr Naeem ... Read More »

FBR collects Rs 1b more revenue in August

ISLAMABAD: The Federal Board of Revenue (FBR) has surpassed the monthly revenue collection target of Rs 180 billion for August 2014 as it collected over Rs 181 billion during the month. Official data obtained by Customs Today showed that the FBR has provisionally collected over Rs 181 billion during the first 29 days of August 2014 against assigned monthly revenue ... Read More »

SRO issued for new duty drawback rates on textile exports

ISLAMABAD: The Federal Board of Revenue (FBR) has issued SRO 754 of 2014, notifying new rates of duty drawback on export of textile and allied products. The new rates are effective from August 21. The FBR has issued another notification to allow new rates of duty drawback to exporters retrospectively from January 1 as well. It is to be noted ... Read More »

FBR to publish biweekly list of active taxpayers

ISLAMABAD: The Federal Board of Revenue (FBR) will publish a list of active taxpayers on a fortnightly basis to promote the culture of documentation. In the budget 2014-15, the government had introduced higher tax rates for non-filers and the FBR published a directory in April this year to reveal the names of tax defaulters. The board will publish the list ... Read More »

FBR collects Rs 134b amid Imran, Qadri’s sit-ins

ISLAMABAD: The Federal Board of Revenue (FBR) collected Rs 134 billion revenue until August 26 against Rs 110 billion collected during the corresponding period of the last year, depicting a 20 percent increase in the tax collection, said Shahid Hussain Asad, the member of the Inland-Revenue and spokesman for the Federal Board of Revenue (FBR). “The sit-ins by the Pakistan ... Read More »

Local market brimming with smuggled Iranian tiles

KARACHI: The local industry has expressed great concern over the heavy influx of Iranian tiles and has urged the government to take effective measures to check the inflow of smuggled tiles which are not only depriving the exchequer of revenue but also posing a great threat to the local industry. According to the All-Pakistan Ceramic Tiles Manufacturers Association (APCTMA), it ... Read More »

FBR asked to simplify e-filing of sales tax returns

KARACHI: The Karachi Tax Bar Association (KTBA) has urged the Federal Board of Revenue (FBR) to remove certain flaws from the amended tax laws to make e-filing of sales tax returns hassle-free. Taxpayers failed to e-file their returns for July through FBR’s web-portal because of amendments in the Finance Act 2014. The tax bar pointed that it was because some ... Read More »

Sialkot Customs reels under workload as 32 posts lying vacant

SIALKOT: As many as 32 different posts have been lying vacant at Model Customs Collectorate Sialkot since long, putting heavy workload on the existing staff and affecting their efficiency. According to official sources, there are 11 sanctioned posts of Appraising Officers in BPS 16, out of which eight posts have been lying vacant since long; three seats of inspectors out ... Read More »

FBR seizes contrabands worth Rs15734m in last 3years

ISLAMABAD: The Federal Board of Revenue (FBR) has confiscated smuggled items worth Rs 15734 million during last three years (2010-2013) in anti smuggling operations in different areas. The FBR has also arrested a total 639 smugglers for their alleged involvement in cases of smuggling during last three years. Sources told Customs Today that FBR had been carrying out anti smuggling ... Read More »

Long marches, political upheavals demolish FBR’s efforts: Shahid Asad

LAHORE: Acting Chairman of Federal Board of Revenue (FBR) Shahid Hussain Asad has expressed his grave concern over long marches and political upheaval ahead of FBR’s efforts to broadening the tax net for strengthening the economy. He said that these impediments could cause huge loss to the national exchequer as local business across the country shut down in result. Acting ... Read More »

FBR asks customs officers to declare assets

Multan: The Federal Board of Revenue (FBR) has directed Inland Revenue officers and Customs officers to declare their assets details before August 15. As per details, FBR issued a notification to all regional tax offices and custom offices on July 24 to declare their assets before July 30 but due to Eid ul Fitr holidays the date extended further to ... Read More »

FBR withdrawal of duty on steel sheet plunges fans’ price

PESHAWAR: The prices of electric homemade room coolers and fans in Peshawar dropped after Federal Board of Revenue (FBR) has withdrawn 10 percent Customs duty on the import of electrical silicon steel sheet. Afghan refugees who were residing in Peshawar Khyber Pakhtun-khwa have also developed their local industry of electric rooms coolers which were widely popular on low rates as ... Read More »

Tax evasion: FBR to seize accounts, property of 16 PAT leaders

ISLAMABAD: The Federal Board of Revenue (FBR) has decided to take stern action against 16 leaders of Pakistan Awami Tehreek for not submitting tax related documents and details of foreign donations which involves tax evasion of Rs 400 million. “We have found several million rupees bank transactions through different bank statements but the PAT chief and workers did not bother ... Read More »

LHC seeks FBR reply in Minhaj’s plea against notices

LAHORE: The Lahore High Court (LHC) sought a reply from the Federal Board of Revenue (FBR) and its Inland Revenue Department on a petition against audit notices issued to Minhajul Quran. The counsel for Minhajul Quran’s administration argued the institution regularly filed its tax returns and had its accounts audited. He contended that after June 17 rioting in Model Town, ... Read More »

Importers seek early sales tax adjustment

KARACHI: Importers and business houses are facing hurdles in getting adjustment of sales tax since July 2013 revision of PRAL system. Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Vice President Ismail Sattar, in a statement, urged the Federal Board of Revenue (FBR) to direct the Pakistan Revenue Automation Ltd (PRAL) management to update the automated revenue service to ... Read More »