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Day: May 19, 2019

  • Pakistan Customs announces auction of fresh lot vehicles on May 22 at West Wharf Karachi

    Pakistan Customs announces auction of fresh lot vehicles on May 22 at West Wharf Karachi

    KARACHI: Model Customs Collectorate (MCC) Appraisement (West) has announced auction of fresh lot of vehicles to be held on May 22, 2019 at West Wharf Karachi.

    Following vehicles will be presented for auction:

    01. Suzuki Spacia Car, Chassis No. MK42S-147136, Model 2016

    02. Nissan Safari Van, Chassis No. DR64V-801926, Model 2014

    03. Honda Vezel Hybrid, Chassis No. RU3-1076651, Model 2015

    04. Nissan Dayz Car, Chassis No. B21-W-0322718, Model 2015

    05. Nissan Note E-power 1198CC, Chassis No. HE12-160002, Model 2018

    06. Daihatsu Cast Car 658CC, Chassis No. LA250S-0098171, Model 2017

    07. Suzuki Every Van, Chassis No. DA17W-117175, Model 2015

    08. Daihatsu Wagon 658CC, Chassis No. S331G-0028698, Model 2015

    09. Daihatsu Mira Car 658CC, Chassis No. LA350S-0039236, Model 2017

    10. Daihatsu Mira Car, Chassis No. LA350S-0039236, Model 2016

    11. EK Wagon Car, Chassis No. B1W-0224971, Model 2016

    12. Suzuki Alto Car 658CC, Chassis No. HA-36V132435, Model 2018

    13. Toyota Passo Car 996CC, Chassis No. M710A-0018576, Model 2018

    14. Nissan Clipper Van, Chassis No. DR64V-802265, Model 2014

    15. Nissan Note E-Power 1198CC, Chassis No. HE12-023466, Model 2016

    16. Aqua Hybrid Car 1496CC, Chassis No. NHP10-6692279, Model 2017

    17. Daihatsu Move Car 658CC, Chassis No. LA150S-0163586, Model 2018

    18. Suzuki Alto Car, Chassis No. HE36S-352581, Model 2017

    19. Mitsubishi EK Wagon Car, Chassis No. B11W-0307757, Model 2017

    20. Honda Hybrid Freed, Chassis No. GP3-1216644, Model 2014

    21. Hustler Suzuki, Chassis No. MR31S-311545, Model 2016

    22. Honda Hybrid Vezel, Chassis No. RU3-1261776, Model 2017

    23. Suzuki Alto, Chassis No. HA36S-268860, Model 2015

    24. Suzuki Every Van, Chassis No. DA17V-118575, Model 2015

    25. Suzuki Every Van, Chassis No. DA17V-152270, Model 2015

    26. Suzuki Every Van, Chassis No. DA64V-844736, Model 2014

    27. Toyota Hiace 1998ml, Chassis No. TRH200-0197415, Model 2014

    28. Toyota Passo 996CC, Chassis No. M700A-008545

    29. Toyota CH-R 1797ml, Chassis No. ZYX10-2044946, Model 2017

    30. Suzuki Every Van, Chassis No. DA64V-846379, Model 2014

    31. Suzuki Every Van, Chassis No. DA64V-856593, Model 2014

    32. Toyota Vitz Car 996CC, Chassis No. KSP130-216623, Model 2016

    33. Nissan Note E-Power 1198CC, Chassis No. HE12-034249, Model 2017

    34. Daihatsu Hijet Cargo Van 658CC, Chassis No. S33AV-0115549, Model 2014

    35. Toyota Vitz Car 996CC, Chassis No. KSP130-2168685, Model 2016

    36. Toyota Passo Car 996CC, Chassis No. M700A-0002119, Model 2016

    37. Daihatsu Move Car 658CC, Chassis No. LA150S-0092633, Model 2016

    38. Suzuki Alto Car, Chassis No. HA36S-292654, Model 2016

    39. Hybrid Honda Vezel, Chassis No.RU3-1312927, Model 2018

    40. Daihatsu E:S Mira 658CC, Chassis No. LA300S-1413146, Model 2017

    41. Daihatsu Move 658CC, Chassis No. LA150S-117996, Model 2017

    42. Nissan NV100 Clipper Van, Chassis No. DR64V809451, Model 2014

    43. Daihatsu Hijet Van 658CC, Chassis No. S321V-0231972, Model 2014

    44. Cast Daihatsu 658CC, Chassis No. LA250S-0073212, Model 2016

    45. Daihatsu Pixis Epoch 658CC, Chassis No. LA300A-1046502, Model 2017

    46. Honda Vezel Hybrid, Chassis No. RU3-1207278, Model 2016

    47. Suzuki Every Van, Chassis No. DA64V-830205, Model 2014

    48. Hybrid Toyota Aqua 1491ml, Chassis No. NHP10-6507291, Model 2016

    49. Suzuki Alto Car, Chassis No. HA36S-309433, Model 2016

    50. Suzuki Alto Car, Chassis No. HA36S-284777, Model 2016

    51. Hybrid Honda Vezel, Chassis No. RU4-1022328, Model 2015

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  • PTBA recommends retaining alternative corporate tax or minimum tax

    PTBA recommends retaining alternative corporate tax or minimum tax

    KARACHI: Pakistan Tax Bar Association (PTBA) has recommended the tax authorities to retain either Alternative Corporate Tax (ACT) or minimum tax, as existence of both regimes is inappropriate.

    (more…)
  • FBR advised to stop treating taxpayers unfairly

    FBR advised to stop treating taxpayers unfairly

    KARACHI: Federal Board of Revenue (FBR) has been urged to stop unfair treatment of compliant taxpayers. The taxpayers should be rewarded instead of harassing them for being compliant.

    Institute of Chartered Accountants of Pakistan (ICAP) in its tax proposals for budget 2019/2020, said that at present, existing tax payers are confronted with complex laws and unfair treatment by FBR’s personnel and are also threatened at times.

    Taxpayers expect to obtain some form of benefit, e.g. health benefits, free education etc. while on the other hand, non-filers continue with their businesses facing no repercussions paying little or no amount of tax.

    “This coupled with the harassment by tax system leads to existing tax payers feeling mistreated.”

    The ICAP recommended:

    As per section 182A, a person filing his/her return of income after the due date remains non-filer for the entire next year.

    In order to encourage filing of returns, persons filing returns late should not be discouraged and should be brought in Active Taxpayers List (ATL).

    Penalty provisions are already there to address delayed filings.

    Active taxpayers list should be updated simultaneously with the filling of return of income.

    Some mechanism should be developed to stop all types of unfair treatment with existing taxpayers be it attachment of bank accounts for substantially fictitious demands or asking for absurd details and reconciliations which are too voluminous and not possible to prepare within a reasonable timeframe e.g. explanation of each and every credit entry in the bank statements or reconciling sales and purchases as per sales tax and customs records with accounts.

    A person, whose case is selected for audit under the provision of tax laws, should not be subject to monitoring of withholding taxes and other assessment proceedings as same information/details/explanations are asked again and again for different proceeding creating hassle for the filer/registered person.

    Filers should be given priority treatment at various infrastructural facilities e.g., at NADRA, schools, excise and taxation when registering motor vehicles, courts of law, banks, hospitals, airports etc.

    Top 50/100 tax payers are given blue passports till the time they remain in the list of top 50/100.

    Incentives for compliant tax payers and professionals (Doctors, Engineers, Lawyers, Chartered Accountants, reduction in tax rates, tax education through media – pubic private partnership.

    A tax filer with over 20 years of tax payment history should be treated with respect & certain tax rebates should be allowed to them including on utility bills.

    Likewise a person who has been a genuine taxpayer for 20 years who is over 70 years should be exempted from tax deductions.

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  • Customs announces auction of luxury vehicles on May 21

    Customs announces auction of luxury vehicles on May 21

    ISLAMABAD: Pakistan Customs announced public auction of luxury vehicles lying at Prime Minister House to be held on May 21, 2019 at State Warehouse, Islamabad Dry Port.

    Following vehicles will be presented for auction:

    01. BMWX5 Jeep, Model 2016 (armored), Chassis No. WBAKR6209G0M99712

    02. BMWX5 Jeep, Model 2016 (armored), Chassis No. WBAKR620200M9904

    03. BMWX5 Jeep, Model 2016 (armored), Chassis No. WBAKR6202G0M99714

    04. Mercedes Benz S600L (Guard), Model 2016, Chassis No. WDD2221762A266834

    05. Mercedes Benz S600L (Guard), Model 2016, Chassis No. WDD2221762A267771

    06. Mercedes Benz Maybach S600, Model 2016, Chassis No. WDD2229762A265866

    07. Mercedes Benz Maybach S600, Model 2016, Chassis No. WDD2229762A266494

    08. BMW Car 761 U, Model 2014, Chassis No. CH-WBAHP42000DY99225

    09. BMW Car 760 U, Model 2014, Chassis No. CH-WBAHP42020DY99226

    10. Toyota Land Cruiser Jeep (Protected) Model 2014, Chassis No. URJ2024093203

    11. Toyota Land Cruiser, Model 2008, Chassis No. JTECB01J301032994

    12. Toyota Land Cruiser, Model 2008, Chassis No. JTEEV73J4000002043

    13. Mercedes Benz Car (Protected) Model 2005, Chassis No. WDB-2201752A73693

    14. Mercedes Benz Car (Protected) Model 2005, Chassis No. WDB-2201762A457073

    15. Mercedes Benz Car (Protected) Model 2005, Chassis No. WDB-2201752A476036

    16. Mercedes Benz Car (Protected) Model 2005, Chassis No. WDB-2201752A475123

    17. Stretched Limousine Car (Protected) Model 2005, Chassis No. WDB-2201752A457643

    18. Toyota Lexus Jeep (Protected) 2005, Model JTJHT00W633531475

    19. Mercedes Benz Car, (Protected) Model 2005, Chassis No. WDB-2201762A457435

    20. BMW 760LI, Model 2014 (Protected), Chassis No. WBAPH2070DY99223

    21. Mitsubishi Lancer S/Saloon Model 1994, Chassis No. CSNBIRU00812

    22. BMWX5 Jeep, Model 2016, Chassis No. WBAKR6206G0M99845

    23. BMWX5 Jeep, Model 2016, Chassis No. WBAKR6204G0M99830

    24. Lexus Jeep, Model 2006, JTJHT00W564013596