KARACHI: Federal Board of Revenue (FBR) has advised taxpayers to pay duty and taxes through alternate delivery channels (ADC) during restricted movement in the wake of coronavirus pandemic.
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Stay updated on taxation news, tax laws, FBR policies, compliance, audits, income tax, sales tax, and fiscal developments in Pakistan.
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KTBA asks FBR to grant general adjournment for cases during lockdown
KARACHI: Karachi Tax Bar Association (KTBA) on Tuesday urged Federal Board of Revenue (FBR) to grant general adjournment for cases as taxpayers may not appear due to lockdown.
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FBR extends date for filing sales tax returns up to April 15
ISLAMABAD: In response to the ongoing lockdowns across various regions of the country to curb the spread of COVID-19, the Federal Board of Revenue (FBR) has announced an extension for the filing of monthly sales tax returns. This decision aims to alleviate the burden on taxpayers facing difficulties due to the pandemic-induced restrictions.
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FBR notifies promotions of IRS officers to BS-20, BS-21
ISLAMABAD: Federal Board of Revenue (FBR) on Friday notified promotions of Inland Revenue Service (IRS) officers to BS-20 and BS-21.
The following BS-20 officers of Inland Revenue Service are promoted to BS-21 on regular basis with immediate effect:-
1. Dr. Farrukh Ansari
2. Mr. Sajidullah Siddiqui
3. Dr. Aftab Imam
4. Dr. Tauqeer Ahmad Memon
5. Mr. Shahid Iqbal Baloch
6. Mr. Ahmad Shuja Khan
7. Mr. Zulfiqar Hussain Khan
8. Mr. Bakhtiar Muhammad
9. Mr. Mohammad Qasim Samad Khan
10. Mr. Anwar ul Haq
11. Dr. Ahmad Shahab
12. Mr. Badruddin Ahmad Quraishi
13. Ms. Ambreen Iftikhar
14. Ms. Nabila Faran Baig
The following BS-19 officers of Inland Revenue Service are promoted to BS-20 on regular basis with immediate effect :-
1. Mr. Talha Aziz Khan
2. Mr. Haroon Masood
3. Mr. Muhammad Khalid Jamil
4. Ms. Uzma Saqib
5. Ms. Nazia Zeb Ali
6. Mr. Rashid Hussain Jamali
7. Syed Irfan Abbas Shah
8. Mr. Rehan Safdar
9. Mr. Masood Aslam
10. Mr. Muhammad Asim Khattak
11. Mr. Irfan Ali
12. Mr. Naeem Hassan
13. Mr. Abdul Waheed Khan
14. Mr. Zulfiqar Ali Memon
15. Mr. Sajjad Azhar
16. Mr. Abdul Hafeez
17. Mr. Hammal Baloch
18. Mr. Javed Iqbal Sheikh
19. Syed Bahadur Ali
20. Mr. Mumtaz Ahmad
21. Mr. Tariq Hussain Sheikh
22. Mr. Ghulam Sarwar Shah
23. Mr. Abdul Jawwad
24. Mr. Amir Abbas Khan
25. Ms. Attiya Ali Khan
26. Ms. Durr-e-Maknoon
27. Mr. Abdul Hameed Shaikh
28. Mr. Iftikhar Amjad
The FBR said that the officers already posted/working against BS-20 posts on OPS basis will actualize their promotions against the same. For actualization of promotion of the remaining officers, the transfer/posting order will be issued separately.
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FBR allows exemption on import of 61 medical, testing equipment to fight against coronavirus
ISLAMABAD: Federal Board of Revenue (FBR) has allowed exemption from duty and taxes on import of medical and testing equipment regarding outbreak of coronavirus.
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FBR withdraws sugar valuation for sales tax collection
KARACHI: Federal Board of Revenue (FBR) has withdrawn valuation of sugar for the purpose of sales tax collection in order to ensure clearance at prevalent international rates.
The FBR issued SRO 233(I)/2020 dated March 18, 2020 to amend SRO 812(I)/2016 dated September 02, 2016.
The FBR had fixed valuation at $725 per metric ton through previous notification. However, the prices of the commodity witnessed sharp decline in international market over the time.
Presently, the international sugar prices is being traded at $334.30 per metric tons. The prices fell by 21 percent during March 20, 2020 in international trade.
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FBR extends date for filing sales tax returns
ISLAMABAD – The Federal Board of Revenue (FBR) has announced an extension in the deadline for filing sales tax and federal excise return for the month of February 2020.
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SRB extends date for payment, filing returns
The Sindh Revenue Board (SRB) has announced an extension for the payment of sales tax and the filing of monthly sales tax returns for the tax period of February 2020. This move aims to provide relief to taxpayers amid various operational challenges.
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FBR decides online monitoring sale of petroleum products
ISLAMABAD: Federal Board of Revenue (FBR) has decided online monitoring the sale of petroleum products in order to prevent tax evasion.
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BTB efforts help RTO-II Karachi to post unprecedented 60% growth: CCIR
KARACHI: The efforts of tax officials for broadening the tax base (BTB) helped Regional Tax Office (RTO)-II Karachi to achieve above 60 percent revenue collection growth in February 2020.
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