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Tag Archives: Federal Board of Revenue

Rs22b rebate: OICCI urges FBR to return foreign investors’ tax refunds

ISLAMABAD: Overseas Investors Chamber of Commerce and Industry (OICCI) Chief Executive Abdul Aleem has criticised Federal Board of Revenue (FBR) over withholding Rs22 billion of the foreign investors as tax refund. Abdul Aleem, while talking to media, said that the tax refunds were the major hurdle in ease of doing business in Pakistan. The OICCI perception survey 2013 had revealed ... Read More »

Taxing the parliamentarians

According to official sources, a deadline set by the Federal Board of Revenue (FBR) has passed but a large number of parliamentarians have not yet filed their income tax returns. The FBR has already written to the speakers of the National Assembly, Senate and provincial assemblies, informing them that the board has allowed the parliamentarians to file their tax returns ... Read More »

FBR committee soon to issue final list of promoted officers

ISLAMABAD: A meeting of Departmental Promotion Committee of the Federal Board of Revenue (FBR) was held on Wednesday. The agenda of the meeting was promotions of officers of Inland Revenue and Pakistan Customs from Grade-18 to -19. Federal Board of Revenue Chairman Tariq Bajwa presided over the meeting. The committee will soon issue a final list of promoted officers. Read More »

FBR’s RTO-I recovers Rs 29m from bank accounts of 2 companies

LAHORE: The Federal Board of Revenue (FBR) Regional Tax Office-1, Zone II recovered 29 million by attaching bank accounts of two companies. As per details, RTO-I regional tax office recovered Rs 4.2 million by attaching bank accounts of Info Tech  Company PVT. Official sources said that the account of the company was attached at Askari Bank Limited Branch Gulberg against ... Read More »

FBR chief, Member Customs direct Chief Collector Nazim to end smuggling, tax evasion

KARACHI: Federal Board of Revenue Chairman Tariq Bajwa along with the Member (Customs) Nisar Muhammad Ali Khan on Tuesday visited Customs House Karachi. Both the high-ups of the FBR arrived at Customs House, Karachi at around 9.30am and held long hour meetings at the Chairman’s Secretariat with the officers concerned of the Pakistan Customs. The meeting was attended by the ... Read More »

FBR offers free assistance to taxpayers regarding e-filing and IRIS

LAHORE: The Federal Board of Revenue (FBR) Regional Tax Offices have computer laboratories to train and facilitate taxpayers regarding the e-filing and new software IRIS. Talking to Customs Today, an official said the FBR has computer labs since the automation of the department and experts are available to resolve issues of taxpayers regarding the new software and e-filing. He said ... Read More »

FBR Chief Bajwa chairs meeting at Port Qasim Collectorate

Chairman Bajwa lauds measures taken by MCC Port Qasim for examination of containers at Qasim International Container Terminal   KARACHI: Federal Board of Revenue (FBR) Chairman Tariq Bajwa on Monday visited Model Customs Collectorate (MCC) of Port Qasim and chaired a meeting. MCC-Port Qasim Collector Surraiya Butt, Additional Collectors Irfan Javed, Ehsan Ali Shah and other officers attended the meeting. ... Read More »

FBR decides to extend last date for filing of tax returns on traders’ request

ISLAMABAD: The Federal Board of Revenue has decided to extend last date for the filling of tax returns on traders’ request. The FBR said that the All Pakistan Tax Bar Association, Federation of Pakistan Chambers of Commerce and Industry and various other trade and business organisations had requested for extension in the last date for the filling of tax returns. ... Read More »

FBR approves Suleman’s appointment at special monitoring cell of Finance Division

ISLAMABAD: The Federal Board of Revenue has approved the appointment of Suleman Yaqub Khan at the special cell at Finance Division and he will be joining the office in next two or three days. In February this year, Suleman Yaqub Khan was transferred and posted as Second Secretary, FBR (Hq), Islamabad and in September, he.was appointed Second Secretary, (Management Customs-IV) ... Read More »

NADRA likely to issue tax-payer cards before Dec15

KARACHI: The Federal Board of Revenue (FBR) assigned a task to National Database and Registration Authority (NADRA) for issuing cards to tax-payers which is about to complete. According to reports before December 15, 2014 these cards will be issued to all the tax-payers on their homes addresses who have submitted their tax returns in 2013. These cards will help FBR ... Read More »

Traders blame new software for low tax returns

KARACHI: Today is the last date of submitting tax returns. The national treasury will suffer billions of rupees losses if the Federal Board of Revenue fails to achieve the said target. The number of tax-payers has reduced to 0.5 million from 1.1 million. According to the FBR in 2009, 1.1 million tax-payers submitted their tax returns.  This figure was 0.53 ... Read More »

FBR decides to take action against non-filer officials

KARACHI: The Federal Board of Revenue (FBR) has decided to take disciplinary action against tax officials who have not submitted their income tax returns. The Regional Tax Office sources told Customs Today that there are 55 such officials who had not submitted their income tax returns in the last several years. Sources said performance allowance of such officials has already ... Read More »

Tax defaulters to be put on ECL

KARACHI: Names of the tax defaulters will be added to the Exit Control List (ECL) by the first week of December, a source at the Federal Board of Revenue (FBR) told Customs Today. The names will be finalised by the first week of the next month. Rs 160 billion is likely to be recovered from those whose names will be ... Read More »

Haroon Tareen assumes charge as DG I&I-IR

ISLAMABAD: Haroon Muhammad Khan Tareen, BS-21 officer of Inland Revenue Service, has assumed the charge of the post of Director General, Directorate General of Intelligence and Investigation-Inland Revenue (I&I-IR). The officer relinquished the charge of the post of Member (Taxpayers Audit), Federal Board of Revenue (HQ), Islamabad in pursuance of the FBR Notification No 2187-IR/2014. Read More »

FBR to extend date for filing of income tax returns

LAHORE: The Federal Board of Revenue is likely to grant a nine-day extension for filing of income tax returns. Customs Today learnt that the FBR was considering to extend the deadline for filing of income tax returns as a good number of taxpayers have not filed their returns so far. Sources said that the board may announce 30 November as extended date in ... Read More »

FBR urges tax registration cells to achieve target

KARACHI: The Federal Board of Revenue has ordered the tax collection and registration cells to collect taxes from retailers. A reasonable strength of officers had been deployed in order to collect maximum taxes briskly. The cells had been established in all Regional Tax Offices to ensure tax collection enforcement as well as punishment on non-compliance in this regard. Read More »

Chief Collector Nazim says revenue generation improving due to FBR’s positive steps

KARACHI: Effective and positive steps taken by the Federal Board of Revenue (FBR) have put an optimistic impact on revenue generation, said Enforcement-South Chief Collector Muhammad Nazim Saleem. Talking exclusively to Customs Today at his office, the chief collector said that reducing concessionary SRO regimes, imposing 1 percent customs duty from zero percent on ship-breaking industry and untiring efforts of ... Read More »

Meeting of Tax Reforms Commission expected next week

ISLAMABAD: The Federal Board of Revenue (FBR) has been preparing a final presentation for the upcoming meeting of the Tax Reforms Commission (TRC). Four members of the FBR are going to share presentation prepared by the respective departments as the Board-in-Council meeting is likely to be held on Tuesday or Wednesday next week. In September, government had announced the constitution ... Read More »

Sameera Sheikh promoted, assumes charge as FBR Secretary

ISLAMABAD: Sameera Sheikh, BS-18 officer of Pakistan Customs Service (PCS) and working as Second Secretary, Federal Board of Revenue (HQ), on repatriation from National School of Public Policy (NSPP), Lahore, has been promoted to BS-19. On her promotion made vide Board’s Notification No. 1165-CII/2014 dated 26.02.014, Sameera Sheikh, assumed the charge of BS-19 post as Secretary, FBR (HQ), Islamabad w.e.f. ... Read More »

US envoy joins FBR’s ‘End Use Verification’ project

ISLAMABAD: Federal Board of Revenue (FBR) Chairman Tariq Bajwa and US Ambassador Richard Olson have jointly launched Pakistan Customs Service’s End Use Verification (EUV) project, which will help Customs monitor chemicals that are used both legally and illegally.  This launch has also provided an opportunity to the Pakistan Customs Service and the United States Homeland Security Investigations (HIS) to strengthen partnership. Speaking at the ... Read More »