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Tag Archives: Illustrations

FBR starts crackdown against tax defaulters

ISLAMABAD: FBR, in a rare move, has started crackdown against 30 big tax defaulters of steel sector in Lahore and has registered six FIRs so far. The steel sector in the country is ruled under the Sales Tax Special Procedure Rules, 2007 which provides two regimes for payment of sales tax by the steel melters and re-rollers. As per calculation, ... Read More »

Chief Collectors, Collectors asked to submit arms and ammunition data

ISLAMABAD: The Federal Board of Revenue (FBR) has issued instructions to all Chief Collectors and Collectors of Customs to submit arms and ammunition data stored in the customs warehouses along with seized weapons to collect authentic information on national level. According to the instructions to the field formations, Chief Collectors and Collectors of Customs should immediately apprise the board about ... Read More »

Customs to install RFID readers, scanners on transit trade routes

KARACHI: Pakistan Customs is going to install RFID readers on Bulaili, Khairabad and Kohat tunnels to enhance the security of the containers. Sources in Pakistan Customs informed Customs Today that the Directorate of Transit Trade has written a letter to Chairman Federal Board of Revenue (FBR) in this regard. They further said that the RFID readers would also be installed ... Read More »

FBR sees no increase in smuggling of foreign currencies

ISLAMABAD: Federal Board of Revenue (FBR) Customs Intelligence Department has reported no significant increase in smuggling of foreign currencies during the last few weeks. Sources said that it is almost impossible to smuggle foreign currencies in big quantity owing to concurrent checking and monitoring by the customs staff and other agencies at airports. The FBR intelligence unit takes action against ... Read More »

Action against tax evading hotels kicked off

ISLAMABAD: Directorate General Intelligence & Investigation Inland Revenue (DGI&I IR) has started taking action against the hotels involved in sales tax evasion and federal excise duty (FED). In spite of being the luxurious and most expensive, some hotels and restaurants situated in the federal capital’s posh areas are paying minimal taxes and causing huge revenue loss to the exchequer. The ... Read More »

FBR obtains info of luxury vehicles to identify taxpayers

KARACHI: To collect maximum income tax returns, the FBR has obtained data of around half million luxurious motor vehicles, official sources said. The Federal Board of Revenue (FBR) is categorizing the data of about 450,000 vehicles – registered with the Karachi Motor Vehicle Registration Authority during the last three years – by capacity-wise and will compare with the returns filed ... Read More »