Re-importation of goods manufactured in Pakistan

Jun 7

Taxation

Re-importation of goods manufactured in Pakistan

Section 22 and 22A of Customs Act, 1969 explains re-importation of goods manufactured in Pakistan and temporary export of imported plant and machinery. The Federal Board of Revenue (FBR) issued updated Customs Act, 1969 up to June 30, 2021. The act has been updated by making amendments brought through Finance Act, 2021. Following is the […]

by Hamza Shahnawaz

Salary tax rates in Pakistan for Tax Year 2022

Jun 7

Taxation, Top stories

Salary tax rates in Pakistan for Tax Year 2022

ISLAMABAD: Pakistan tax authorities have issued tax rates for salary income during tax year 2022. In Pakistan a person earning Rs600,000 on annual basis as salary income is not required to pay tax. It means annual salary income up to Rs600,000 is exempt from tax. The First Schedule of Income Tax Ordinance, 2001 the tax […]

by Mrs. Anjum Shahnawaz

Customs chemical examiner awarded ‘removal from service’

Jun 7

Pakistan Customs

Customs chemical examiner awarded ‘removal from service’

ISLAMABAD: Federal Board of Revenue (FBR) has awarded major penalty of ‘removal from service’ upon a chemical examiner of Pakistan Customs Service (PCS) on the charges of misconduct and inefficiency. According to details received on Monday, disciplinary proceedings were initiated against Tahir Jamal, Deputy Assistant Chemical Examiner (BS-16), Collectorate of Customs Appraisement-West, Karachi under the […]

by Mrs. Anjum Shahnawaz

RTO-II Karachi seals Baklava Palace for integration failure

Jun 6

Taxation

RTO-II Karachi seals Baklava Palace for integration failure

KARACHI: Regional Tax Office (RTO) – II, Karachi on Monday sealed a sweet shop i.e. M/s. Baklava Palace for failure to mandatory integrate with online system. RTO – II, Karachi, an arm of the Federal Board of Revenue (FBR), while continuing its crackdown against non-compliant Tier-1 retailers, sealed the business premises of M/s. Baklava Palace, […]

by Faisal Shahnawaz

FBR may defer duty collection through special order

Jun 6

Taxation

FBR may defer duty collection through special order

Section 21A of Customs Act, 1969 has empowered Federal Board of Revenue (FBR) to defer imposition of custom duty through especial order. READ MORE: Govt. may exempt customs duty in emergency situation The Federal Board of Revenue (FBR) issued updated Customs Act, 1969 up to June 30, 2021. The act has been updated by making […]

by Hamza Shahnawaz

Customs directed not to confiscate personal baggage

Jun 6

Pakistan Customs, Top stories

Customs directed not to confiscate personal baggage

LAHORE: Authorities of Pakistan Customs have been directed to facilitate passengers and not to confiscate personal gifts and food brought with the passengers. Head of Prime Minister’s Strategic Reforms Salman Sufi directed this while visiting Lahore Airport. READ MORE: Banned items: FBR deputes officers 24X7 to facilitate passengers Salman Sufi said new airport operation reforms […]

by Mrs. Anjum Shahnawaz

FBR issues list of 113 retailers for mandatory integration

Jun 5

Taxation, Top stories

FBR issues list of 113 retailers for mandatory integration

ISLAMABAD: The Federal Board of Revenue (FBR) has issued a list of 113 retailers and directed them to integrate by June 10, 2022 otherwise action will be taken as per law. The FBR issued Sales Tax General Order (STGO) No. 18 of 2022 related to Tier-1 retailers for integration with FBR’s Point of Sale (POS) […]

by Mrs. Anjum Shahnawaz

RTO-II Karachi seals electronics shop for integration failure

Jun 4

Taxation

RTO-II Karachi seals electronics shop for integration failure

KARACHI: Regional Tax Office (RTO) – II, Karachi on Saturday sealed a shop of electronics goods for failure to mandatory integrate with online system. RTO – II, Karachi, an arm of the FBR, while continuing its crackdown against non-compliant Tier-1 retailers, sealed the business premises of M/s. Rafi Electronics located at Gulshan e Iqbal, Karachi. […]

by Faisal Shahnawaz

FBR exempts sales tax on oxygen gas import

Jun 2

National, Taxation, Top stories

FBR exempts sales tax on oxygen gas import

The Federal Board of Revenue (FBR) has taken a significant step by exempting sales tax on the import of oxygen gas.

by Mrs. Anjum Shahnawaz

FBR’s power to allow goods without duty payment

Jun 2

Taxation

FBR’s power to allow goods without duty payment

Section 21 of Customs Act, 1969 has explained power to deliver certain goods without payment of duty and to repay duty on certain goods. The Federal Board of Revenue (FBR) issued updated Customs Act, 1969 up to June 30, 2021. The act has been updated by making amendments brought through Finance Act, 2021. Following is […]

by Hamza Shahnawaz