Day: September 13, 2020

  • Duty free mobile phone not allowed under personal baggage

    Duty free mobile phone not allowed under personal baggage

    KARACHI: Federal Board of Revenue (FBR) has said that not a single mobile phone is allowed duty free brought into Pakistan under personal baggage.

    Recently Baggage Rules have been amended vide Finance Act, 2019 whereby facility for bringing duty/taxes free mobile set has been withdrawn from July 01. 2019. Hence duty and taxes will be paid on every mobile phone.

    The FBR further said: “No exemption of duty and taxes is available on any mobile even if the passenger is bringing only one mobile.”

    The FBR responded to a query “Do I have to pay duty/taxes on a mobile phone which I have been using in Pakistan after returning from abroad?”

    The FBR said that if local SIM is used in the mobile then it will require registering the IMEI of the mobile with PTA after payment of duty and taxes.

    If the same is not registered with the PTA within sixty (60) days of the insertion of local SIM in the mobile then the mobile set will be blocked and can only be opened after payment of duty/taxes and fine/penalty.

    The FBR explained in case a passenger brings a mobile phone but failed to declare the device at the time of arrival. The

    The passenger can approach the nearest customs office for registration of the mobile device.

  • Return filing facilitation: FBR issues procedure to reset, change password on IRIS portal

    Return filing facilitation: FBR issues procedure to reset, change password on IRIS portal

    KARACHI: Federal Board of Revenue (FBR) has issued procedure to reset and change password on IRIS portal in order to facilitate taxpayers in filing their income tax returns for tax year 2020.

    The FBR issued the procedure to facilitate taxpayers as many persons failed to access their accounts on IRIS after a lapse of time because of forgetting the password.

    To re-set a new Password, follow these steps:

    — Access Iris log-in Screen at the following URL: https://iris.fbr.gov.pk/infosys/public/txplogin.xhtml

    — Click “Forgot Password” Link under the log-in Dialog

    — “Forgot Password” Dialog will open

    — Enter data in all Fields

    — Click “Submit” Button

    — Click on the Link sent at the given email

    — Enter data in the Dialog

    — Click “Submit” Button

    To change Password, follow these steps:

    — Login to Iris

    — Click “Change Password” Link on top right of the screen

    — “Change Password” Dialog will open

    — Enter current Password

    — Enter new Passwords

    — Confirm new Password

    — Click “OK” Button

    To change PIN, follow these steps:

    — Login to Iris

    — Click “Change PIN” Link on top right of the screen

    — “Change PIN” Dialog will open

    — Enter new PIN

    — Confirm new PIN

    — Click “OK” Button

    A taxpayer gets Password and PIN when he completes first part of the Registration process. However, he cannot start any task unless he completes second part of the Registration process by submitting the Form of Registration after completing data entry and attaching the required documents.

    To e-enroll yourself, follow these steps:

    — Access Iris log-in Screen at the following URL:

    — Click “E-Enrollment for Registered Person” Link under the log-in Dialog

    — “E-Enrollment” Dialog will open

    — Enter data in all Fields

    — Click “Submit” Button

    — Enter verification code received on email in the relevant Field

    — Enter verification code received on Cell No. in the relevant Field

    — Click “Submit” Button

    — You will receive Password and PIN on your email and Cell No.

  • Salary codes explained for tax returns

    Salary codes explained for tax returns

    ISLAMABAD: Federal Board of Revenue (FBR) has explained codes to be used for entering the tax deducted at source under the head of salary.

    An employer deducts income tax from salary of taxable income of an employee under section 149 of Income Tax Ordinance, 2001.

    Many salaried persons are confused at the time of filing annual income tax return regarding entering the adjustable amount that was deducted from salary at source.

    The FBR said that tax deducted at source from salary is to be entered under ‘adjustable tax regime’ against any of the following relevant code:

    01. 6402001 for salary of federal government employees under section 149

    02. 6402002 for salary of provincial government employees under section 149

    03. 6402003 for salary of corporate sector employees under section 149

    04. 6402004 for salary of other employees under section 149.

    The FBR further explained that medical allowance is to be entered in second column against code 1049 under salary.

    The FBR also explained regarding declaration of pension received from ex-employer. The tax body said that pension is to be entered in second column against code 1099 under the head of salary.