The Large Taxpayers Office (LTO) Karachi, the leading revenue collection arm of the Federal Board of Revenue (FBR), has achieved a monumental milestone by surpassing the ambitious tax collection target of Rs1 trillion in just eight months of the current fiscal year 2021/2022 (8MFY22).
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FBR posts 30% revenue collection growth in 8MFY22
ISLAMABAD: The Federal Board of Revenue (FBR) has registered 30.3 per cent growth in revenue collection for the period July – February 2021/2022 (8MFY22), a statement said on Tuesday.
According to the provisional figures, FBR has collected net revenue of Rs 3,799 billion during the period under review, which has exceeded the target of Rs268 billion.
READ MORE: FBR collects Rs2.92 trillion in first half of FY22
“This represents a growth of about 30.3 per cent over the collection of Rs2,916 billion during the same period, last year,” according to the statement.
It is worth sharing that Inland Revenue collection increased by 29.0 per cent during July, 2021 to February, 2022 by collecting Rs. 3,177 Billion against Rs. 2,463 Billion collected in the same period, last year. Likewise, Pakistan Customs has successfully maintained its growth trajectory by collecting Rs. 622 Billion as against Rs. 454 Billion collected during the same period, last year.
READ MORE: Share of sales tax collection increases to 43.7% in 1HFY22
Building further on its ongoing momentum for revenue collection, Federal Board of Revenue (FBR) has not only achieved its assigned target of Rs.441 Billion fixed for February,2022 but also exceeded the same by Rs.2 Billion as it has collected Rs.443 Billion.
The country’s premier tax collection organisation has released the provisional revenue collection figures for the months July, 2021 to February, 2022 of current Financial Year 2021-2022.
The net collection for the month of February, 2022 realized Rs 443 billion representing an increase of 28.3 per cent over Rs 345 billion collected in February, 2021. These figures would further improve before the close of the day and after book adjustments have been taken in to account.
READ MORE: FBR extends sales tax return filing up to February 25
On the other hand, the gross collections increased from Rs3,074 billion during July, 2020 to February, 2021 to Rs 3,996 billion in current Financial Year July, 2021 to February, 2022, showing an increase of 30 per cent. Likewise, the amount of refunds disbursed was Rs 197 billion during July, 2021 to January, 2022 compared to Rs 157 billion paid last year, showing an increase of 25.4 per cent.
It is pertinent to mention that FBR has introduced a number of innovative interventions both at policy and operational level with a view to maximize revenue potential through digitization, transparency, and taxpayers’ facilitation.
READ MORE: FBR announces promotion of BS-16 Customs officers
This has not only resulted in ensuring the ease of doing business but also translated in a healthy and steady growth in revenue collection. Likewise, the incumbent top leadership of FBR has launched a new culture of clean taxation with a clear focus on collecting only the fair tax and not holding up refunds which are due to be paid.
READ MORE: FBR makes rules for sealing retail outlets
This has not only fast tracked the process of bridging the trust deficit between FBR and Taxpayers but also ensured the much-needed cash liquidity for business community.
That’s precisely why, for the first time ever in the country’s history, FBR continues to surpass its assigned revenue targets despite challenges and price stabilization measures adopted by the government.
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FBR registration made mandatory for housing projects
ISLAMABAD: Registration with the Federal Board of Revenue (FBR) has been made mandatory in order to prevent money laundering in real estate industry, according to an official note issued on Monday.
The FBR said that the Anti-Money Laundering Act, 2010 empowers it to license or register Designated Non-Financial Businesses and Professions (DNFBPs), impose conditions to conduct any activities by the DNFBPs and issue directions with respect to the relevant provisions of the AML Act.
READ MORE: FBR transfers IRS officers BS-17 to BS-20
Now, in exercise of powers conferred under section 6A of the AML Act read with clause 1(iii) of Schedule IV ibid, and in pursuance to Condition No.1 of 2021 issued on 25 November 2021, the FBR is pleased to impose the following condition on all the Public Sector Development Departments/Authorities in order to strengthen the anti-money laundering and countering financing of terrorism regime in the country; namely:-
“No Public Sector Development Department/Authority shall provide any NOC/Approval/Permission to any kind of Real Estate Development Authority or Housing Society (commercial/residential) unless the applicant is registered with the Federal Board of Revenue as a Designated Non-Financial Business and Profession (DNFBP) and has also appointed or nominated AIVIL/CFT Compliance Officer.
READ MORE: Sindh High Court stops tax recovery against SSGC
The Public Sector Development Department/Authorities shall also ensure that previously approved Real Estate Authorities or Societies falling in their respective jurisdiction and currently in business are registered with FBR as DNFBPs and have appointed or nominated AML/CFT Compliance Officers.”
READ MORE: FBR says not to extend sales tax return filing date
The Public Sector Development Departments/Authorities shall immediately issue instructions to the staff concerned and respective housing authorities or societies for registration with FBR as DNFBPs and appointment or nomination of AML/CFT Compliance Officers without fail. The real estate development authorities or societies may also be informed to obtain Registration Certificate from the concerned Director, DNFBPs once registered as a DNFBP with FBR.
This Condition comes into effect on March 15, 2022.
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Gwadar Customs auctions huge lot of vehicles on March 2
The Directorate of Customs Intelligence and Investigation in Gwadar has announced a substantial auction of motor vehicles scheduled for March 2, 2024, at Custom House Gaddani.
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FBR transfers IRS officers BS-17 to BS-20
ISLAMABAD: The Federal Board of Revenue (FBR) on Friday notified transfers and postings of Inland Revenue Service (IRS) officers in BS-17 to BS-20 with immediate effect and until further orders.
Following IRS officers have been transferred and posted:
01. Ms. Qaisara Fatima (Inland Revenue Service/BS-20) has been transferred and posted as Commissioner Inland Revenue, (Audit-I) Corporate Tax Office, Islamabad from the post of Commissioner, (Enforcement) Corporate Tax Office, Islamabad. The officer will hold the additional charge of the post of Commissioner-IR (Enforcement), Corporate Tax Office, Islamabad, as per rules.
READ MORE: FBR notifies transfer, posting of BS-19 IRS officers
02. Hassan Zulfiqar (Inland Revenue Service/BS-20) has been transferred and posted as Chief, (Legal-II) Legal-IR Wing Federal Board of Revenue (Hq), Islamabad from the post of Commissioner, (Audit-I) Corporate Tax Office, Islamabad.
03. Imtiaz Ahmad (Inland Revenue Service/BS-20) has been transferred and posted as Chief, (ITP) Inland Revenue Policy Federal Board of Revenue (Hq), Islamabad from the post of Chief, (BDT Inland Revenue) Information Technology (IT) Federal Board of Revenue (Hq), Islamabad.
04. Zafar Rafiq Siddiqui (Inland Revenue Service/BS-20) has been transferred and posted as Chief, (Clarification) Inland Revenue Policy Federal Board of Revenue (Hq), Islamabad from the post of Chief, (ITP) Inland Revenue Policy Federal Board of Revenue (Hq), Islamabad.
READ MORE: FBR transfers Sardar Khwaja as Member Audit
05. Dr. Erfa Iqbal (Inland Revenue Service/BS-20) has been transferred and posted as Chief, (BDT Inland Revenue) Information Technology (IT) Federal Board of Revenue (Hq), Islamabad from the post of Chief, (Legal-II) Legal-IR Wing Federal Board of Revenue (Hq), Islamabad.
06. Ali Mansoor (Inland Revenue Service/BS-19) has been transferred and posted as Additional Director, Directorate General of Training & Research (Inland Revenue), Lahore from the post of Secretary, (Admin Pool) Federal Board of Revenue (Hq), Islamabad.
07. Ms. Kehkshan Khan (Inland Revenue Service/BS-19) has been transferred and posted as Additional Director, Directorate General of Training & Research (Inland Revenue), Lahore from the post of Additional Commissioner, Regional Tax Office, Lahore.
READ MORE: FBR transfers BS-20 IRS officers in major reshuffle
08. Asad Aziz (Inland Revenue Service/BS-19) has been transferred and posted as Additional Commissioner Inland Revenue, Regional Tax Office, Sargodha from the post of Secretary, (Revenue Budget) Inland Revenue Operations Federal Board of Revenue (Hq), Islamabad.
09. Muhammad Masood Ahmed Gorsi (Inland Revenue Service/BS-19) has been transferred and posted as Secretary, (R&SRO) Inland Revenue Policy Federal Board of Revenue (Hq), Islamabad from the post of SA to Member Inland Revenue Policy, Federal Board of Revenue (Hq), Islamabad. The officer will hold the additional charge of the post of SA to Member, Inland Revenue Policy, FBR (HQ), Islamabad, as per rules.
10. Ms. Nafeesa Bano (Inland Revenue Service/BS-19) has been transferred and posted as Additional Commissioner Inland Revenue, Large Taxpayers Office, Islamabad from the post of Additional Commissioner, Corporate Tax Office, Islamabad.
11. Mohammad Hayat Khan (Inland Revenue Service/BS-19) has been transferred and posted as Secretary, Legal-IR Wing Federal Board of Revenue (Hq), Islamabad from the post of Additional Commissioner, Corporate Tax Office, Islamabad.
12. Ms. Sadia Akmal (Inland Revenue Service/BS-19) has been transferred and posted as Additional Director, (Coord & Internal Communication) Reforms & Modernization Federal Board of Revenue (Hq), Islamabad from the post of Secretary, (Reforms & Modernization Wing) Federal Board of Revenue (Hq), Islamabad.
READ MORE: FBR invites applications for 952 vacant posts in Pakistan Customs
13. Naveed Hassan (Inland Revenue Service/BS-18) has been transferred and posted as Deputy Director, (Finance & Budgeting) Reforms & Modernization Federal Board of Revenue (Hq), Islamabad from the post of Secretary, (Customs-Related Reforms) Reforms & Modernization Federal Board of Revenue (Hq), Islamabad. The officer will hold the additional charge of the post of Deputy Director (Procurement & Contract Management), Program Office, Reforms & Modernization Wing, as per rules.
14. Altaf Hussain Memon (Inland Revenue Service/BS-18) has been transferred and posted as Deputy Commissioner Inland Revenue, Regional Tax Office II, Karachi from the post of Deputy Commissioner, Regional Tax Office, Hyderabad.
15. Essam Anwar Khokhar (Inland Revenue Service/BS-18) has been transferred and posted as Deputy Commissioner Inland Revenue, Corporate Tax Office, Lahore from the post of Deputy Commissioner, Large Taxpayers Office, Lahore.
16. Ms. Farah Khan (Inland Revenue Service/BS-18) has been transferred and posted as Deputy Commissioner Inland Revenue, Large Taxpayers Office, Islamabad from the post of SA to Member (Admn/HR), Federal Board of Revenue (Hq), Islamabad.
17. Rizwan Manzoor (Inland Revenue Service/BS-17) has been transferred and posted as Assistant Commissioner Inland Revenue, Regional Tax Office, Lahore from the post of Second Secretary, (Admin Pool) Federal Board of Revenue (Hq), Islamabad.
The FBR said that the officers who are drawing performance allowance prior to issuance of this notification shall continue to draw this allowance on the new place of posting.
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Sindh High Court stops tax recovery against SSGC
KARACHI: Sindh High Court has suspended tax recovery notices issued against Sui Southern Gas Company Limited, according to a communication sent to the Pakistan Stock Exchange (PSX) on Friday.
The gas utility clarified reports regarding action of the Large Taxpayers Office (LTO) Karachi for making recovery by attachment of bank accounts.
READ MORE: FBR freezes SSGC’s bank accounts for tax recovery
SSGC said that LTO Karachi had issued notice of recovery of sales tax to banks regarding SSGC without following the legal process and waiting for decision of an independent forum i.e. Appellate Tribunal.
“Demand was raised on irrational and unreasonable grounds of treating swapping of indigenous gas against RLNG to SNGPL as sales income,” the gas utility said.
It said that against the said recovery notice, SSGC filed constitutional petition before Sindh High Court and the SHC suspended the recovery notice of LTO Karachi through an Order dated February 23, 2022 being devoid of legal merits and directed SSGC to pursue matter before the Appellate Tribunal.
The LTO Karachi on February 23, 2021 issued a press release stating that it had frozen bank accounts of SSGC due to its default of sales tax amount to the tune of Rs23 billion. The default amount of sales tax was also confirmed by the Commissioner Inland Revenue (Appeals).
The SSGC in its latest communication said that the LTO Karachi had withdrawn such recovery notices.
The LTO Karachi in an official note dated February 24, 2022 sent to banks stated: “… for the recovery of sales tax outstanding demand of Rs23.65 billion through bank attachment issued/served in respect of M/s. Suit Southern Gas Company Limited is hereby withdrawn with immediate effect.”
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FBR says not to extend sales tax return filing date
ISLAMABAD: The Federal Board of Revenue (FBR) on Friday said that it will not extend the date for filing sales tax return further as filing through national platform is working seamless.
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FBR assures Customs agents of resolving issues
Dr. Muhammad Ashfaq Ahmed, Chairman of the Federal Board of Revenue (FBR), assured a delegation of customs agents of resolving pertinent issues related to imports and exports.
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Customs officer awarded ‘dismissal from service’
ISLAMABAD: An officer of Pakistan Customs has been awarded the major penalty of ‘dismissal from service’ on charges of inefficiency and misconduct.
According to an official order issued by the Federal Board of Revenue (FBR) on Wednesday, disciplinary proceedings under the Government Servants (Efficiency & Discipline) Rules, 1973 were initiated against Ghulam Hussain Khoso, Inspector (BS-16) posted in Collectorate of Customs (Enforcement), Quetta through a charge sheet issued on June 20, 2020 on account of ‘Inefficiency’ and ‘Misconduct’ under Rule-3(a)&(b) of the Government Servants (E&D) Rules, 1973.
READ MORE: Customs I&I impounds smuggled fabric in Islamabad
Akbar Jan, the then Deputy Collector (PCS/BS-18), Model Customs Collectorate (Enforcement & Compliance), Quetta was appointed as Inquiry Officer to conduct inquiry into the case on account of acts of omission and commission as detailed in the Charge Sheet / Statement of Allegations.
The inquiry officer submitted the report dated October 09, 2020. According to the report the charges of inefficiency and misconduct were established against the accused officer.
READ MORE: MCC Gwadar seizes huge quantity of methamphetamine
Accordingly, the Collector, Collectorate of Customs (Enforcement), Quetta / Authorized Officer served Show Cause Notice dated November 26, 2020 upon the accused.
Upon receipt of reply to the Show Cause Notice, the accused was granted personal hearings on December 14, 2020, December 22, 2020 and December 31, 2020 to show cause in his defence.
READ MORE: Peshawar Customs seizes narcotics worth Rs80 million
The authorized officer, after considering the inquiry report, reply to Show Cause Notice and oral submissions made during the personal hearings, found the accused guilty of “Inefficiency” & “Misconduct” under Rule-3(a)&(b) of the Government Servants (Efficiency & Discipline) Rules, 1973 and recommended to the Authority i.e Member (Administration/Human Resource), FBR to impose major penalty of “Dismissal from Service” upon the accused officer as prescribed under Rule-4(1)(b)(iv) of the Government Servants (Efficiency & Discipline) Rules, 1973.
READ MORE: Gwadar Customs seizes opium worth Rs80 million
The Member (Admn/HR) / Authority after having considered all aspects of the case and submissions made by the accused during the personal hearing granted to him by the Authority, has imposed major penalty of “Dismissal from Service” upon Ghulam Hussain Khoso, Inspector (BS-16), Collectorate of Customs Enforcement, Quetta under Rule-4(1)(b)(iv) of the Government Servants (Efficiency & Discipline) Rules, 1973.
The accused shall have the right of appeal as admissible under the Civil Servants (Appeal) Rules, 1977, according to the FBR.
READ MORE: FBR invites applications for 952 vacant posts in Pakistan Customs
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FBR freezes SSGC’s bank accounts for tax recovery
The Federal Board of Revenue (FBR) has taken stringent measures to recover outstanding dues by attaching the bank accounts of the Sui Southern Gas Company Limited (SSGC) amounting to Rs23 billion.
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