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Tag Archives: Inland Revenue

Nigeria targets 75 billion Naira non oil revenue excluding customs, Inland Revenue

ABUJA: The Minister of State for Finance, Ambassador Bashir Yuguda, said a target of 75 billion Naira had been set, as revenues to be generated from the non oil sector, excluding revenues from the Nigeria Customs Service and the Federal Inland Revenue Service. According to him, the target excludes revenues from the Nigeria Customs Service and the Federal Inland Revenue ... Read More »

Nigeria targets 75 billion Naira non oil revenue excluding customs, Inland Revenue

ABUJA: The Minister of State for Finance, Ambassador Bashir Yuguda, said a target of 75 billion Naira had been set, as revenues to be generated from the non oil sector, excluding revenues from the Nigeria Customs Service and the Federal Inland Revenue Service. According to him, the target excludes revenues from the Nigeria Customs Service and the Federal Inland Revenue ... Read More »

FBR transfers Customs officials to Inland Revenue in Lahore, Faisalabad

LAHORE: The Federal Board of Revenue (FBR) has transferred 10 low grade officials from Model Customs Collectorate Lahore, MCC Faisalabad and from Directorate of Intelligence & Investigation FBR Lahore to Directorate of Inland Revenue Lahore and Faisalabad. According to details the Board transferred Dispatch Rider Sales Tax Muhammad  Ali, Rahimudin, Dispatch Rider ST, M Manzoor Frash ST, Ghulam Mustfa sepoy, ... Read More »

Sales tax refund claims to be cleared by February 28

ISLAMABAD: Minister for Textile Industry Abbas Khan Afridi was informed that all deferred claims of textile sector would be disposed off before February 28, 2015 and necessary instructions have already been issued. The minister presided over a meeting on issues of textiles sector with Federal Board of Revenue and stressed that it was a national obligation to bail out textile ... Read More »

Lahore Customs Tribunal to computerise record of almost 15 years

LAHORE: The Customs Appellate Tribunal Lahore has started computerization of the record since the inception of the tribunal. Sources told Customs Today that task of computerization of record has been assigned to the staff. Record of almost 15 years is going to be computerized while the record of recent cases is also being updated simultaneously. The sources informed that computerization ... Read More »

FBR to eliminate trade of smuggled items in local markets

LAHORE: The Federal Board of Revenue, Inland Revenue intelligence and Investigation wing, is going to start action against the sale of smuggled goods in local market.  The FBR official here at RTO Lahore told Customs Today that intelligence officers would visit the market, super stores, shopping malls and all other shops to observe the trade of illegally imported goods like ... Read More »

NZ Inland Revenue gets power to collect tax from overseas Kiwis

WALLINGTON: New Zealand’s Inland Revenue will have more power to go after tax evaders who leave NZ under changes that come into effect this year. THE Convention on Mutual Administrative Assistance in Tax Matters, signed in 2012, enables co-operation between international tax authorities in the assessment and collection of taxes. The convention comes into effect in New Zealand on New ... Read More »

Hong Kong, Japan agree to enhance tax transparency

TOKYO: Hong Kong and Japan have exchanged notes regarding the exchange of information (EOI) provisions in their existing double taxation agreement (DTA) dated November 9, 2010. “The purpose of the exchange of notes with Japan is to expand the coverage of tax types under the EOI arrangement of the DTA, so as to fulfill our international obligation to meet global ... Read More »

Inland Revenue to collect capital value tax

ISLAMABAD: The Inland Revenue has decided to check the record of private housing societies to collect capital value added tax. The department has issued notice to one of the five societies situated in sector E-11 as it did not pay Rs 15 million capital value tax. It has also been decided to check the records of other societies of the ... Read More »

Sugar millers set to join hands with FBR to widen tax net

LAHORE: The sugar industrialists have expressed their willingness to further boost tax-to-GDP ratio for the revival of economy in the country. Pakistan Sugar Mills Association (PSMA) Punjab zone Chairman Javed Kayani, while talking to media, said that announced that sugar industry was ready to work with Federal Board of Revenue (FBR) to enhance tax net. He said that despite restrictions ... Read More »

Member Training Farzana Jabeen retires

ISLAMABAD: Federal Board of Revenue (FBR) has issued notification regarding the retirement of Farzana Jabeen from government service on attaining the age of Superannuation. Farzana is a BS-22 officer of Inland Revenue Service and is posted as Member (Training), FBR (HQ), (stationed at Karachi). Read More »

FBR decentralises promotion authority in Customs, Inland Revenue

LAHORE: The Federal Board of Revenue (FBR) has delegated powers to secretaries, chief collectors, commissioners, collectorate directors and commissioners to promote and appoint employees between BPS-1 and BPS-17 in the Customs and Inland Revenue departments, sources said. According to details, the revenue division secretary will continue to appoint and promote officials between BPS-17 and BPs-19. FBR Member Administration Shahid Hussain ... Read More »

Farhat Qayum, Shabih-ul-Aijaz assume charges

ISLAMABAD: Federal Board of Revenue (FBR) has issued notifications regarding assumption of charges by Inland Revenue officers of BS-19. Farhat Qayum, a (BS-19) officer of Inland Revenue Service, in pursuance of Board’s Notification No 180-IR/2014, dated 16-09-2014, has assumed charge of the post of Additional Director, Directorate of Internal Audit (IR), Rawalpindi. Shabih-ul-Aijaz, a (BS-19) IRS officer, following the Notification ... Read More »

FBR investigates more than 100 ‘corrupt’ officials

ISLAMABAD: Investigations are under against more than 100 officers of FBR for corruption, violation of departmental rules and regulations, negligence of official duties and misuse of authority. Member Admin FBR Shahid Hussain Jatoi and Chief Management FBR Dr Bashirullah are taking ahead probe against these officials after getting complaints and documented evidences against them. According to sources, these include grade ... Read More »

FBR collects Rs 560.9 billion in first quarter of FY 2014-15

ISLAMABAD: The Federal Board of Revenue collected Rs 560.92 billion in first quarter of current fiscal year which is Rs 57.91 billion more than the Rs 501.87 collected last year during the same period. As per details, FBR has collected 11.8 percent more revenue in first quarter than the last year. The revenue collected in this period also included Rs ... Read More »

Four PCS/IR officers of BS 18-20 relinquish charges, one transferred

ISLAMABAD: Federal Board of Revenue (FBR) has issued notifications regarding charge relinquishment/assumption and transfer/posting of Pakistan Customs Service and Inland Revenue Service officers of BS 18-20. In pursuance of Board’s Notification No 1867-CI/2014 dated 23.09.2014 & 184-CI/2014 dated 25.09.2014, Syed Hamid Ali, (PCS/BS-19) has relinquished the charge of the post of Additional Director, Directorate General of Internal Audit (Customs), Islamabad ... Read More »

Three IR officers of BS 18-19 relinquish/assume charges

ISLAMABAD: Federal Board of Revenue (FBR) has issued notifications regarding relinquishment/assumption of charges of the Inland Revenue Service officers (BS18-19). As per details, in pursuance of Board’s Notification No 180-IR/2014, dated 15.092014, Tahsen Muzaffar Ch BS-19 officer of Inland Revenue Service has relinquished the charge of the post of Additional Commissioner-IR, Regional Tax Office, Gujranwala. He has assumed the charge ... Read More »

FBR tells 62 officials to submit tax returns to get allowance

ISLAMABAD: The Federal Board of Revenue (FBR) has suspended the performance allowance of 62 officials between Grade 17 and 19 for not submitting their income tax returns. The FBR has issued a notification in this regard. However, the FBR Chairman Tariq Bajwa has barred the officials concerned from publishing the notification on the official website. According to the notification, if ... Read More »

47 IR officers of BS 17-19 transferred

ISLAMABAD: Federal Board of Revenue (FBR) has transferred/posted 47 Inland Revenue officers of (BS 17-19) with immediate effect. According to Notification No 1846-IR-I/2014, the Officers who are drawing performance allowance prior to issuance of this notification shall continue to draw this allowance on the new place of posting. All the officers are requested to Relinquish/Assume charge, using online HRMS facility ... Read More »

FBR officials arrest factory owner for evading Rs 280 million tax

LAHORE: Federal Board of Revenue Lahore Deputy Commissioner Inland Revenue Raza Ashfaq Sheikh has arrested a factory owner for allegedly evading Rs 280 million tax. As per details, the deputy commissioner raided a house in Shahdman, Lahore, and arrested Nasir Tariq Butt, owner of Munir Foundry situated on Shiekhpura Road. Butt had not been paying his tax dues since 2009. ... Read More »