Pkrevenue.com

Day: February 19, 2020

  • Customs Intelligence Peshawar announces auction of confiscated vehicles on Feb 25

    Customs Intelligence Peshawar announces auction of confiscated vehicles on Feb 25

    ISLAMABAD: Customs Intelligence and Investigation (I&I) Peshawar announced auction of confiscated imported vehicles to be held on February 25, 2020.

    Following vehicles will be presented for the auction:

    01. Land Rover Jeep, 1998, Chassis No. SALNAAAXA655472

    02. Toyota Corolla Star Car, 1996, Chassis No. CE108-0032262

    03. Mitsubishi Pajero Jeep, 1993, Chassis No. CONV140PJ00312

    04. Suzuki Pickup, 1998, Chassis No. DC51T-557884

    05. Toyota Corolla X Motor Car, 2001, Chassis No. NZE121-3056035

    06. Toyota Hilux Double Cabin, 1988, Chassis No. LN56-0093247

    07. Toyota Prius (Hybrid) Motor Car, 2004, Chassis No. NHW20-0085924

    08. Toyota Premio Motor Car, 2005, Chassis No. NZT240-0072365

    09. Toyota Passo Motor Car, 2010, Chassis No. KGC30-0043640

    10. Toyota Prius Motor Car, 2011, Chassis No. ZVW30-1397771

    11. Toyota Prius Motor Car, 2010, Chassis No. ZVW30-0156740

    12. Toyota Fielder X Motor Car, 2001, Chassis No. NZE21-0086032

    13. Toyota Coaster, 1992, Chassis No. BB21-0019007

    14. Toyota Mark X Motor Car, 2005, Chassis No. GRX120-0024497

    15. Toyota Prado Jeep, 2007, Chassis No. VZJ95-0007146

    16. Toyota Mark X Motor Car, 2010, Chassis No. GRX130-6010799

    17. Toyota Fielder X Motor Car, 2006, Chassis No. NZE121-3372613

    18. Toyota Fielder Motor Car, 2002, Chassis No. NZE121-0130413

    19. Toyota Prius Motor Car, 2008, Chassis No. NHW20-7772146

    20. Hino Truck, 1997, Chassis No. FC3JJB-10973

    21. Suzuki Pick Up 1990, Chassis No. DA51T-127733

    22. Suzuki Pick Up, 1988, Chassis No. DD51T-554919

    23. Suzuki Pick Up 1990, Chassis No. DB51T-122435

    24. Suzuki Pick Up 1990, Chassis No. DB51T-130366

    25. Suzuki Pick Up 1997, Chassis No. DB51T-463280

    26. Suzuki Pick Up 1990, Chassis No. DB51T-135702

  • Stockbrokers to provide information under AEOI

    Stockbrokers to provide information under AEOI

    KARACHI: Federal Board of Revenue (FBR) has asked stock brokers to provide information of foreign investors for Automatic Exchange of Information (AEOI).

    Pakistan Stock Exchange (PSX) on Tuesday referring to the FBR notice related to filing of Common Reporting Standards (CRS) Reports 2020.

    The FBR said that the Reporting Financial Institutions (RFIs) are required to obtain, maintain and file CRS information in accordance with Section 165B and 107(1) of Income Tax Ordinance, 2001 and the Common Reporting Standards Rules contained in Income Tax Rules, 2002.

    The said information has to be reported to FBR on annual basis on May 31 through the AEOI portal. The reports from RFIs are due on May 31, 2020.

    The FBR asked the stock exchange to direct the RFIs to ensure timely compliance as per law and rules, failing which the RFIs shall be penalized under Section 182 of the Income Tax Ordinance, 2001.

    Under Section 165B of Income Tax Ordinance, 2001 furnishing of information by financial institutions, including banks, is mandatory.

    (1) Notwithstanding anything contained in any law for the time being in force including but not limited to the Banking Companies Ordinance, 1962 (LVII of 1962), the Protection of Economic Reforms Act,1992 (XII of 1992), the Foreign Exchange Regulation Act, 1947 (VII of1947) and any regulations made under the State Bank of Pakistan Act,1956 (XXXIII of 1956) on the subject, every financial institution shall make arrangements to provide information regarding non-resident or any other reportable persons to the FBR in the prescribed form and manner for the purpose of automatic exchange of information under bilateral agreement or multilateral convention.

    (2) All information received under this section shall be used only for tax and related purposes and kept confidential.

    (3) For the purpose of this section, the terms “reportable person” and “financial institution” shall have the meaning as provided in Chapter XIIA of the Income Tax Rules, 2002.