Anti-Benami transactions rules notified as per law: FBR

ISLAMABAD: Federal Board of Revenue (FBR) on Wednesday said that Benami Transactions (Prohibition) Rules, 2019 has been issued in accordance with the law. The FBR issued a rebuttal on a news item published in a daily on February 5, 2020 about the issuance of Benami Transactions (Prohibition) Rules, 2019. FBR has explained that Benami Transactions […]

by Mrs. Anjum Shahnawaz

Shabbar Zaidi still chairman, to resume charge after leave: FBR

Feb 5

Taxation

Shabbar Zaidi still chairman, to resume charge after leave: FBR

ISLAMABAD: Federal Board of Revenue (FBR) on Wednesday said that Syed Shabbar Zaidi is still Chairman of the FBR but he is on leave. While clarifying new reports about the vacancy of office of Chairman, FBR, Dr. Hamid Ateeq Sarwar, Spokesperson for the FBR / Member (IR-Policy) clarified that Syed Muhammad Shabbar Zaidi, Chairman, FBR […]

by Mrs. Anjum Shahnawaz

Hapag Lloyd revises requirement of NTN for Pakistan imports

Feb 5

Ports and Shipping

Hapag Lloyd revises requirement of NTN for Pakistan imports

KARACHI: Hapag Lloyd has revised its announcement and now requirement of National Tax Number (NTN) of Pakistani importers is not mandatory any more, according an official memorandum of Karachi Customs Agents Association (KCAA). According to the official memorandum, the KCAA informed its members that in the previous announcement by the Hapag Lloyd regarding mandatory requirement […]

by Mrs. Anjum Shahnawaz

KTBA members asked to report privately hired persons by tax officials

Feb 5

Taxation

KTBA members asked to report privately hired persons by tax officials

KARACHI: Karachi Tax Bar Association (KTBA) has asked its members to report presence of privately hired persons by tax officials. The KTBA circulated an official memorandum to all its members informing that hiring of private staff by officers had been condemned strictly by the Federal Board of Revenue (FBR). Further, the FBR had also warned […]

by Mrs. Anjum Shahnawaz

Shabbar Zaidi urged to continue as FBR chairman

Feb 5

Taxation

Shabbar Zaidi urged to continue as FBR chairman

KARACHI: A tax bar has urged Shabbar Zaidi to continue as chairman of Federal Board of Revenue (FBR) for betterment of Pakistan’s tax system. “Truly speaking there are hundreds of other growth signals which should not be disregarded but to convey my message as well as discharging my basic responsibility precisely, I just need to […]

by Mrs. Anjum Shahnawaz

FBR urged to withdraw date extension notification for audit completion

Feb 5

Taxation

FBR urged to withdraw date extension notification for audit completion

KARACHI: Karachi Tax Bar Association (KTBA) on Tuesday urged the Federal Board of Revenue (FBR) to withdraw a notification issued allowing tax offices to complete audit related to past year. In a letter to FBR Chairperson, the KTBA pointed out selection of audit through Section 214C of Income Tax Ordinance, 2001 and said that courts […]

by Mrs. Anjum Shahnawaz