Feb 19

MCC Gwadar seizes huge quantity of methamphetamine

ISLAMABAD: Model Customs Collectorate (MCC) Gwadar has seized huge quantity of methamphetamine in an operation against smugglers at Ormara, a statement said on Saturday. In continuation with FBR’s policy of crackdown against the menace of narcotics/drugs, Collectorate of Customs, Gwadar again in an intelligence based operation on 17.02.2022 seized 7.5 kg of high quality methamphetamine/ […]

by Mrs. Anjum Shahnawaz

Share of sales tax collection increases to 43.7% in 1HFY22

Feb 19

Taxation, Top stories

Share of sales tax collection increases to 43.7% in 1HFY22

ISLAMABAD: The share of sales tax has increased to 43.7 per cent in total federal tax collection during first half (July – December) of current fiscal year (1HFY22) as compared with 41.6 per cent in the same half of the last fiscal year. According to biannual report issued by the Federal Board of Revenue (FBR) […]

by Mrs. Anjum Shahnawaz

FBR extends date for sales tax return filing up to February 25

Feb 18

Taxation

FBR extends date for sales tax return filing up to February 25

The Federal Board of Revenue (FBR) has officially extended the deadline for filing monthly sales tax returns up to February 25, 2022. The extension applies specifically to the tax period of January 2022.

by Mrs. Anjum Shahnawaz

FBR announces promotion of BS-16 Customs officers

Feb 17

Pakistan Customs, Taxation

FBR announces promotion of BS-16 Customs officers

ISLAMABAD: The Federal Board of Revenue (FBR) on Thursday announced promotion of BS-16 officers of Collectorate of Customs Enforcement, Karachi to the post of Superintendent Preventive Service (BS-16) with immediate effect and until further orders. READ MORE: No promotion of IRS officers without asset declaration The following officers are promoted: 1. Athar Ali Jumani, Senior […]

by Hamza Shahnawaz

FBR makes rules for sealing retail outlets

Feb 16

Taxation, Top stories

FBR makes rules for sealing retail outlets

ISLAMABAD: The Federal Board of Revenue (FBR) on Wednesday notified rules for sealing and de-sealing business premises of Tier-1 retailers. In this regard the FBR issued SRO 252/2022 to make amendments in Sales Tax Rules, 2006. Through the amendments, a new chapter has been introduced namely, ‘Procedure for Sealing and De-sealing of Business Premises of […]

by Mrs. Anjum Shahnawaz

LTO Karachi facilitates Tier-1 retailers in POS integration

Feb 16

Taxation

LTO Karachi facilitates Tier-1 retailers in POS integration

KARACHI: Large Taxpayers Office (LTO) Karachi has facilitated Tier-1 retailers to resolve issues in installation of Point of Sale (POS), a statement said on Wednesday. In this regard the LTO Karachi established a fully automated, computerized and equipped with modern communication devices control room in order to implement POS Scheme announced by the Federal Board […]

by Faisal Shahnawaz

Sindh extends date for filing sales tax return

Feb 16

Taxation

Sindh extends date for filing sales tax return

KARACHI: Sindh Revenue Board (SRB) on Wednesday extended the last date for making deposit and filing monthly sales tax return for January 2022. The SRB issued Circular No. 02/2022 for extension in the last date for e-deposit of Sindh sales tax for the tax period January 2022 and for e-filing of tax return for the […]

by Mrs. Anjum Shahnawaz

FBR announces prize winners in second POS invoice balloting

Feb 15

Taxation

FBR announces prize winners in second POS invoice balloting

ISLAMABAD: The Federal Board of Revenue (FBR) on Tuesday announced winners of second balloting of invoices issued by Point of Sales (POS) installed by Tier-1 retailers. Muhammad Aslam has been declared as winner of bumper prize worth Rs1 million in the second draw. The invoice declared for the bumper prize was issued by Tier-1 retailer […]

by Mrs. Anjum Shahnawaz

Glitches mar filing of national sales tax return

Feb 15

Taxation

Glitches mar filing of national sales tax return

LAHORE: The Federal Board of Revenue (FBR) has failed to rectify errors in national sales tax form as large number of taxpayers unable discharge their liabilities. Pakistan Tax Bar Association (PTBA) in a letter to the chairman of Federal Board of Revenue (FBR) highlighted the issues in the national sales tax return and demanded to […]

by Faisal Shahnawaz

Gwadar Customs seizes opium worth Rs80 million

Feb 15

Pakistan Customs

Gwadar Customs seizes opium worth Rs80 million

ISLAMABAD: The anti-smuggling team of Gwadar Customs Collectorate has confiscated a huge quantity of opium and a vehicle, which have worth of Rs80 million, a statement said on Tuesday. The Federal Board of Revenue (FBR) in the statement said that the Gwadar collectorate had made seizure in a successful operation on February 13, 2022. READ […]

by Mrs. Anjum Shahnawaz