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Category: Taxation

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  • FBR issues preventive measures for stage-III coronavirus

    FBR issues preventive measures for stage-III coronavirus

    ISLAMABAD: Federal Board of Revenue (FBR) on Tuesday issued preventive measures for stage-III coronavirus pandemic.

    The FBR directed all the officers of the headquarters and field formations (BS-17 to BS-21) to restrict the working strength of their offices to only one clerical / ministerial staff and one Naib Qasid on weekly/fortnightly rotation basis with effect from March 16, 2021.

    The FBR further said that employees having symptoms of COVID-19 must immediately get themselves tested for the same and in case tested positive, they must immediately quarantine / isolate themselves at homes for fourteen (14) days. “During this period, their entry to concerned offices shall be banned.”

    COVID-19 positive employees shall get themselves tested at the end of fourteen (14) days quarantine/isolation period and only in case of negative results, shall resume their official duties.

    In order to avoid physical contact with door handles and to keep the rooms/offices properly ventilated and well-lit, it is also advised that all offices doors/windows be kept open.

  • FBR appoints panel of advocates for Karachi tax offices

    FBR appoints panel of advocates for Karachi tax offices

    KARACHI: Federal Board of Revenue (FBR) on Tuesday appointed a panel of advocates to present the tax offices in Karachi before various legal forums.

    The FBR placed following advocates, on the panel of the FBR, relating to court matters of Inland Revenue Service for a period of three years:

    01. Ali Tahir

    02. Iftikhar Hussain Qureshi

    03. Ayaz Sarwar Jamali

    04. Sardar Zafar Hussain

    05. Munawar Ali Memon

    06. Chaudhary Mehmood Anwar

    07. Ijazuddin Qureshi

    08. Irfan Mir Halipota

    09. Saif Ali Akbar

    10. Muhammad Taseer Khan

    11. Iqbal Hussain

    12. Qasim Ali

    13. Ghulam Murtaza Korai

    14. Rana Sakhawat Ali

    15. Mansoor ul Haq Solangi

    16. Syed Muhammad Salman Ali

    17. Naureen Iqbal

    18. Syed Zaeem Hyder Musavi

    19. Fayyaz Ali Metlo

    20. Masood Rasool Babar

    21. Farhan Ali Shah

    22. Ms. Abida Perveen Channar

    23. Akhtar Hussain Sheikh

    24. Zafar Imam

    25. Imtiaz Ali Solangi

    The FBR said that the advocates may be assigned court cases for pleading before various courts/tribunals at Karachi Station, on the basis of merit, keeping in view their experience and facts of the each case.

  • MCC Islamabad announces of confiscated motor vehicles on March 18

    MCC Islamabad announces of confiscated motor vehicles on March 18

    ISLAMABAD: Model Customs Collectorate (MCC) Islamabad has announced auction of confiscated motor vehicles to be held on March 18, 2021 as State Warehouse of the collectorate.

    Following motor vehicles will be presented at the auction:

    01. Ambulance, Model 201, Chassis No. VDIFB30AH14443523

    02. Toyota Crown Car, Mode 2015, Chassis No. AWS210-6080692

    03. Nissan Double Cabin, Model 2001, Chassis No. NJICJUD22Z0023936

    04. Nissan Double Cabin, Model 2001, Chassis No. JNICJUD22Z0023946

    05. Nissan Pickup, Double Cabin, Model 2006, Chassis No. JNICJUD22Z0079080

    06. Nissan Pickup, Double Cabin, Model 2006, Chassis No. JNICJUD22Z0079243

    07. Toyota Vitz Car, Model 2008, Chassis No. KSP90-2075463

    08. Toyota Prado, Model 2006, Chassis No. JTEBK29J-500024865

    09. Toyota Vitz Car, Model 2008, SCP90-5106149

    10. Toyota Land Cruiser, Model 2014, Chassis No. TRJ150-0019195

    11. Toyota Fielder Car, Model 2008, Chassis No. NZE141-9085734

    12. Mercedez Benz, Model 2015, Chassis No. WDD2120012B154292

    13. Suzuki Alto Car, Model 2010, Chassis No. HA25V-712450

    14. Toyota Corolla Car, Model 2006, Chassis No. NZE121-3381444

    15. Toyota Vitz Car, Model 2006, Chassis No. SCP90-2001754

    16. Toyota Vitz Car, Model 2008, Chassis No. NCP91-5216841

    17. Toyota Passo Car, Model 2007, Chassis No. QNC10-0068956

    18. Toyota Axio Car, Model 2006, Chassis No. ZRE142-6000473

    19. Toyota Axio Car, Model 2008, Chassis No. NZE141-6113022

    20. Toyota Vitz Car, Model 2006, Chassis No. SCP90-5047399

    21. Toyota Corolla Car, Model 2003, Chassis No. CE121-3003746

    22. Toyota Aqua car, Model 2012, Chassis No. NHP10-2017668

    23. Honda Civic Car, Model 2006, Chassis No. FD3-1100679

    24. Suzuki Swift Car, Model 2008, Chassis No. ZC71S-441243

    25. Toyota Mark-X, Model 2008, Chassis No. GRX121-3004343

    26. Honda Civic Car, Model 2005, Chassis No. FD3-1000772

    27. Mercedez Benz Car, Model 2008, Chassis No. WDD2040412A087627

    28. Toyota Vitz Car, Model 2006, Chassis No. KSP90-5073937

    29. Toyota Raum Car, Model 2003, Chassis No. NCZ20-0031022

    30. Toyota Aqua Car, Model 2013, Chassis No. NHP10-6131071

    31. Toyota Fielder Car, Model 2005, Chassis No. NZE121-3333529

    32. Toyota Fielder Car, Model 2005, Chassis No. NZE121-3330289

    33. Honda Civic Car, Model 2005, Chassis No. FD3-1001494

    34. Toyota Prius Car, Model 2007, Chassis No. JHMFD36208S206345

    The Collectorate is also presenting following vehicles of PM’s House at the auction:

    01. BMW Car 760U, Model 2014, Chassis No. CH-WBAHP42000DY99225

    02. BMW Car 760U, Model 2014, Chassis No. CH-WBAHP42020DY99226

    03. Toyota Land Cruiser Jeep (Protected) 2014, Chassis No. urJ2024093203

    04. Toyota Land Cruiser, Model 2008, Chassis No. JTECB01J301032994

    05. Toyota Land Cruiser, Model 2008, Chassis No. JTEEV73J400002043

    06. Mercedes Benz Car (Protected), Model 2005, Chassis No. WDB-2201752A473693

    07. Mercedes Benz Car (Protected), Model 2005, Chassis No. WDB-2201762A457073

    08. Mercedes Benz Car (Protected), Model 2005, Chassis No. WDB-2201752A476036

    09. Mercedes Benz Car (Protected), Model 2005, Chassis No. WDB-2201752A475123

    10. Toyota Lexus Jeep (Protected), Model 2005, Chassis No. JTJJT00W633531475

    11. Mercedes Benz Car (Protected), Model 2005, Chassis No. WDB-2201762A457435

    12. BMW 760LI (Protected), Model 2014, Chassis No. WBAPH42070DY99223

    13. Mitsubishi Lancer S/Saloon, Model 1994, Chassis No. CSNCBIRU00812

  • Tax exemption withdrawal may save Rs100 billion

    Tax exemption withdrawal may save Rs100 billion

    KARACHI: The federal government is considering a significant fiscal policy shift through the withdrawal of tax exemption currently granted to specific sectors, which could potentially result in savings of up to Rs100 billion, according to analysts at Arif Habib Limited on Monday.

    (more…)
  • Tax collection from new car manufacturing grows by 28pc

    Tax collection from new car manufacturing grows by 28pc

    The collection of withholding income tax from the sales of new cars by manufacturers in Pakistan has seen a notable uptick, marking a 28 percent increase during the first eight months of the fiscal year 2020/2021.

    (more…)
  • Sales tax record must be retained for six years

    Sales tax record must be retained for six years

    ISLAMABAD – In a bid to enhance transparency and compliance, the Federal Board of Revenue (FBR) has stipulated that registered businesses must retain their sales tax records for a period of six years for audit and examination purposes.

    (more…)
  • FBR constitutes committees for integration of Tier-I retailers

    FBR constitutes committees for integration of Tier-I retailers

    ISLAMABAD: Federal Board of Revenue (FBR) has constituted central committee and regional committees to oversee the integration of Tier-I retailers with the FBR system.

    The FBR said that in pursuance of the Memorandum of Understanding (MOU) signed between the FBR and the Chainstore Association of Pakistan (CAP) on October 28, 2020, a central committee and regional committees have been constituted to oversee the process of integration of Tier-I Retailers.

    The central committee would look into issues related to input tax issues, HS Code issues, customer incentivization, software problems etc.

    Similarly, the Regional Committees would be responsible for identification Tier-I and Tier-II retailers in their respective areas and to liaise with the chief commissioners concerned besides resolving sectoral as well as individual issues of retailers.

    Following Central and Regional Committees have been constituted comprising of FBR and CAP’s representatives:

    Central Committee:

    FBR Representatives:

    i. Director General Retail

    ii. Chief (IR- Analysis)

    iii. Second Secretary Retail

    CAP’s Representatives:

    i. Tariq Mehboob

    ii. Irfan Iqbal Sheikh

    iii. Asfandyar Farrukh

    iv. Mardan Ali Zaidi

    v. Mohammad Shamsuddin

    vi. Mustafa Bashir

    vii. Raheel Meghani

    viii. Sheikh Owais Mehmood

    ix. Addel Rauf

    x. Tanveer Niaz

    xi. Ch. Asim Ghous

    xii. Mohammad Imran Saleemi

    Karachi Region Committee

    FBR Representatives:

    i. Chief Commissioner Inland Revenue, MTO Karachi

    ii. Focal Person, POS integration, MTO Karachi.

    CAP’s Representatives:

    i. Asfandyar Farrukh

    ii. Junaid Dandia

    iii. Salman Saeed

    iv. Raheel Meghani

    v. Mustufa Bashir

    vi. Rafiq Chamdia

    Lahore Region Committee

    FBR Representatives:

    i. Chief Commissioner Inland Revenue RTO, Lahore

    ii. Focal Person, POS integration, RTO Lahore

    CAP’s Representatives:

    i. Tariq Mehmood

    ii. Wasif Butt

    iii. Mohammad Imran Saleemi

    iv. Mardan Ali Zaidi

    v. Asim Javed

    vi. Omar Saeed

    Islamabad Region Committee

    FBR Representatives:

    i. Chief Commissioner Inland Revenue RTO, Islamabad

    ii. Focal Person, POS integration, RTO Islamabad

    CAP’s Representatives:

    i. Shaikh Owais Mehmood

    ii. Asim A Majeed

    iii. Ahszan Zafar Bakhtawari

    iv. Shamsuddin Sultan Ali

    v. Addel Rauf

    vi. Ch. Tahir

  • SRB website under cybersecurity threat

    SRB website under cybersecurity threat

    KARACHI: The official website of Sindh Revenue Board (SRB) has been identified as cyber-vulnerable and prone to citizen’s data leakage.

    National Telecom and Information Technology Security Board (NTISB) has issued an advisory through a notification dated March 03, 2021.

    It said that critical vulnerabilities had been identified in website of SRB (notification can be downloaded https://download1.fbr.gov.pk/Docs/202131115323494Advisory8.pdf) that may result in database access and manipulation, exfilteration of sensitive data, remote take-over of users’ sessions and website defacement.

    Identified vulnerabilities are as under:

    a. SQL injection in database

    b. Citizen’s data leakage

    c. Cross site scripting

    d. Unecrypted/plain text transfer of users’ credentials

    e. Cross site request forgery

    f. Microsoft IIS Tilde directory enumeration

    g. Internal IP addresses and server-side paths disclosure

    h. Session cookies lacking secure flags

    i. Server/ASP net version disclosure

    j. Stack traces and error messages on web pages

    k. Server-side technology stack documentation pages on public website.

    For impact of above mentioned vulnerabilities and guidelines for prevention can be downloaded https://download1.fbr.gov.pk/Docs/202131115323494Advisory8.pdf

  • Ministry issues import, export of e-commerce rules

    Ministry issues import, export of e-commerce rules

    ISLAMABAD: The ministry of commerce has issued rules for assessment and clearance of imported or exported goods through e-commerce.

    The ministry issued SRO 14(I)/2021 for the application of the rules that will apply for assessment and clearance of imported or exported goods of business to consumer (B2C) transactions through authorized dealer via designated customs stations.

    However, these rules will not apply on the following goods:

    (a) Goods requiring testing of samples;

    (b) Animals;

    (c) Perishable goods;

    (d) Food stuff including beverages;

    (e) Medicines of any sort;

    (f) Alcoholic drinks;

    (g) Restricted items subject to fulfillment of import and export regulations under the relevant law;

    (h) Prohibited under sections 15 and 16 of the Customs Act, 1969 along with allied law; and

    (i) Import and export goods which are intended for clearance from customs stations or airport other than at which arrived.

    The ministry defined the e-commerce as buying and selling of goods or services including digital products through electronic transactions conducted via the internet or other computer mediated (online communication) networks.

    According to the rules, the registered courier shall file the prior arrival manifest of e-commerce goods. The risk management system shall be applied at the manifest filing stage.

    A consumer shall provide the details of shipment and e-commerce importer. E-commerce goods of the consumer shall be cleared upon provision of information prior to the manifest or post arrival of the goods.

    The goods declaration shall be filed by the registered courier on behalf of e-commerce importer and exporter on the specified type of goods declaration for the purpose of e-commerce.

    The goods shall be cleared upon examination and assessment through WeBOC system upon decision by the RMS.

    Duty and taxes shall be paid by the e-commerce importer and exporter through methods, included: self payment by the e-commerce importer and exporter through a unique payment ID; or payment through authorized registered courier.

  • No sale to be allowed without tax stamp: FBR

    No sale to be allowed without tax stamp: FBR

    ISLAMABAD: Federal Board of Revenue (FBR) on Thursday said that no product would be allowed to be removed from a production site without affixation of tax stamps with effect from July 01, 2021.

    The tax stamps to be obtained/procured from and applied by FBR’s Licensee M/s. AJCL/MITAS/Authentix Consortium.

    The FBR said that after awarding license of the Track and Trace system to the successful bidder, FBR has issued four Sales Tax General Orders for Four specified Sectors. These sectors include Tobacco, Sugar, Cement and Fertiliser.

    These Sales Tax General Orders are being issued under the provisions of Section 40C(2) of the Sales Tax Act, 1990 read with Rule 150ZF of the Sales Tax Rules, 2006.

    These laws mandate FBR to notify the date for the implementation of Electronic Monitoring of productions and sales of goods in the manner prescribed in the law on all manufacturing sites.

    FBR has directed All manufacturers of specified Products to make necessary arrangements for importation of applicators and other equipment required for successful installation and implementation of Track and Trace System at their production facilities.