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Category: Taxation

Pakistan Revenue delivers the latest taxation news, covering income tax, sales tax, and customs duty. Stay updated with insights on tax policies, regulations, and financial developments in Pakistan.

  • Difficult time for people not in tax net: FBR chairman

    Difficult time for people not in tax net: FBR chairman

    KARACHI: The chairman of Federal Board of Revenue (FBR) Mohammad Jehanzeb Khan on Saturday said that difficult time has started for those having taxable income but still out of tax net.

    He was addressing the business community at Karachi Chamber of Commerce and Industry (KCCI).

    The chairman said that it was difficult to bring change in any organization yet we are ready to bring changes in the FBR.

    He said that the tax collecting agency should be a facilitator and the business community is our partner.

    “There is need to boost confidence on tax agency,” he added.

    He said that the tax collecting agency was ready to reduce sales tax rates as well to broaden the tax net.

    The chairman praised the business community for contributing into economic growth and generating employment.

    He said that if a person made short payment then he should not be treated as tax evader. “And those who are paying taxes should not be worried,” he added.

    Jehanzeb admitted that there were difficulties in revenue collection but he said that the FBR would not take any harsh action.

    The chairman said that the FBR had immense powers and warned that these powers would be exercised if needed.

  • FBR recovers Rs1.85 billion from tax evaders: Jehanzeb Khan

    FBR recovers Rs1.85 billion from tax evaders: Jehanzeb Khan

    KARACHI: Mohammad Jehanzeb Khan, Chairman, Federal Board of Revenue (FBR) on Saturday said that the revenue body recovered Rs1.85 billion from tax evaders.

    Talking at Federation of Pakistan Chambers of Commerce and Industry (FPCCI), he said that the revenue body had issued 6,000 notices for recovery of Rs3 billion.

    The chairman said that the government was endeavoring to increase trade volume in Balochistan and the FBR was considering to increase the customs staff in the province.

    Talking about sales tax refunds, he said that this amount was not belong to FBR and it had to be reimbursed.

    The chairman said that penalty would not be imposed on those taxpayers who applied for reviewing their income tax returns.

    Dilating upon Benami assets, he said that a separate section in the law was being creating for benami assets. He said that under this law the FBR would able to seize the undeclared assets in someone else names.

    Jehanzeb Khan said that the FBR was facing a shortfall of Rs 220 billion.

    He said that the FBR was enhancing capacity in customs clearance. The chairman said that work had been started to eliminate under invoicing. Further valuation on imported goods has also been streamlined, he added.

    The chairman said that FATF issue was important and the customs authorities had made efforts in this regard.

  • SRB suspends registration of logistic company on tax evasion

    SRB suspends registration of logistic company on tax evasion

    KARACHI: Sindh Revenue Board (SRB) has suspended sales tax registration of a logistic service provider based in Islamabad for alleged tax evasion.

    Sources in SRB said that the provincial revenue authority had suspended sales tax registration of M/s. Capital Marketing Services for suppressing sales for evading tax payment for the period July 2014 to June 2018.

    The SRB said that short declaration of sales and non-payment of Sindh Sales Tax is contravention of Sales Tax Act, 2011 and the rules made thereunder.

    Record available shows that M/s. Wazir Ali Industries Limited, M/s. Dalda Foods Limited, M/s. Engro Food Limited and M/s. Engro Polymer & Chemical Limited have declared purchases of Rs 329.78 million (including sales tax of Rs27.68 million from M/s. Capital Marketing Services during July 2014 to June 2018, and have also paid sales tax amount of Rs5.09 million to M/s. Capital Marketing Services for onward payment in SRB’s head of account.

    However, M/s. Capital Marketing Services have declared sales of Rs90.38 million during July 2014 to June 2018 with SRB leading to sales suppression of Rs239.39 million and short payment of sales tax of Rs5.09 million.

    “This is serious violation of provisions of the Act 2011 and the rules made thereunder,” the SRB said.

    The SRB suspended the sales tax registration of the company with immediate effect and directed the company that the suspension would only be revoked if remedial measures are taken by March 26, 2019.

    The SRB directed the company to declare all sales and discharge all Sindh Sales Tax dues along with default surcharge under section 44 of the Act, 2011 for the tax period. Further the company has been directed to e-file the true and correct monthly Sindh sales tax return for the said tax periods.

    In case of non-satisfactory response or failure to take remedial measures as suggested above on or before March 26, 2019, further necessary action would be taken as envisaged under the Act.

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  • FBR notifies transfers, postings of 21 IRS officers

    FBR notifies transfers, postings of 21 IRS officers

    ISLAMABAD: Federal Board of Revenue (FBR) on Friday notified transfers and postings of 21 officers of BS-17-21 Inland Revenue Service (IRS) with immediate effect and until further orders.

    Following IRS officers have transferred and posted:

    01. Muhammad Ashfaq Ahmad (Inland Revenue Service/BS-21) has been transferred and posted as Director General, (International Taxes (Operations) Federal Board of Revenue (Hq), Islamabad from the post of Chief, (International Taxes) Federal Board of Revenue (Hq), Islamabad.

    02. Abdul Hameed Memon (Inland Revenue Service/BS-20) has been transferred and posted as Chief, (IR-Policy) Federal Board of Revenue (Hq), Islamabad from the post of Chief, (IR-Operations) Federal Board of Revenue (Hq), Islamabad.

    03. Rizwan Ahmed Urfi (Inland Revenue Service/BS-20) has been transferred and posted as Chief, (Legal Wing) Federal Board of Revenue (Hq), Islamabad from the post of Commissioner, (IP/TFD/HRM) Regional Tax Office, Gujranwala.

    04. Imtiaz Ali Solangi (Inland Revenue Service/BS-20) has been transferred and posted as Commissioner Inland Revenue (IP/TFD) Corporate Regional Tax Office, Karachi from the post of Commissioner, (Zone-VI) Corporate Regional Tax Office, Karachi.

    05. Javaid Iqbal (Inland Revenue Service/BS-20) has been transferred and posted as Chief, (Accounting Wing) Federal Board of Revenue (Hq), Islamabad from the post of Commissioner, (HRM) Regional Tax Office, Rawalpindi.

    06. Muhammad Shaukat Hayat Cheema (Inland Revenue Service/BS-20) has been transferred and posted as Commissioner Inland Revenue (East Zone) Regional Tax Office, Islamabad from the post of Commissioner, (WHT) Regional Tax Office, Islamabad. He is also assigned the additional charge of the post of Commissioner-IR (WHT), RTO, Islamabad

    07. Masood Akhtar (Inland Revenue Service/BS-20) has been transferred and posted as Commissioner Inland Revenue (Bahawalpur Zone) Regional Tax Office, Bahawalpur from the post of Commissioner, (East Zone) Regional Tax Office, Islamabad.

    08. Shabih-ul-Aijaz (Inland Revenue Service/BS-20) has been transferred and posted as Chief, (IR-Policy) Federal Board of Revenue (Hq), Islamabad from the post of Commissioner, (HRM) Large Taxpayers Unit, Lahore.

    09. Saleem Akhtar (Inland Revenue Service/BS-20) has been transferred and posted as Chief, (IPMU) Federal Board of Revenue (Hq), Islamabad from the post of Chief, Federal Board of Revenue (Hq), Islamabad.

    10. Muzaffar Ali Soomro (Inland Revenue Service/BS-20) has been transferred and posted as Commissioner Inland Revenue (WHT) Regional Tax Office, Quetta from the post of Commissioner, (Bahawalpur Zone) Regional Tax Office, Bahawalpur.

    11. Said Munaf (Inland Revenue Service/BS-19) has been transferred and posted as Secretary, (IR-Operations) Federal Board of Revenue (Hq), Islamabad from the post of Secretary, (Strategic Planning Reforms & Statistics) Federal Board of Revenue (Hq), Islamabad.

    12. Ms. Bushra Jaffar (Inland Revenue Service/BS-19) has been transferred and posted as Additional Commissioner Inland Revenue Regional Tax Office II, Lahore from the post of Secretary, Federal Board of Revenue (Hq), Islamabad.

    13. Syed Hasan Sardar (Inland Revenue Service/BS-18) has been transferred and posted as Second Secretary, (IR-Policy) Federal Board of Revenue (Hq), Islamabad from the post of Deputy Commissioner, (IR) Regional Tax Office, Islamabad.

    14. Ms. Qayyum Rani (Inland Revenue Service/BS-18) has been transferred and posted as Deputy Commissioner Inland Revenue (AEOI Zone) Large Taxpayers Unit, Lahore from the post of Deputy Commissioner, (IR) Large Taxpayers Unit, Lahore.

    15. Shahid Ijaz Tarar (Inland Revenue Service/BS-18) has been transferred and posted as Second Secretary, (Legal Wing) Federal Board of Revenue (Hq), Islamabad from the post of Second Secretary, (FATE Wing) Federal Board of Revenue (Hq), Islamabad.

    16. Muhammad Adil Khan (Inland Revenue Service/BS-18) has been transferred and posted as Second Secretary, (IR-Operations) Federal Board of Revenue (Hq), Islamabad from the post of Second Secretary, (Lit-HC) Federal Board of Revenue (Hq), Islamabad.

    17. Hassan Bin Izhar (Inland Revenue Service/BS-18) has been transferred and posted as Second Secretary, (SPR&S Wing) Federal Board of Revenue (Hq), Islamabad from the post of Second Secretary, (Inland Revenue Policy Wing) Federal Board of Revenue (Hq), Islamabad.

    18. Ms. Romana Alam (Inland Revenue Service/BS-18) has been transferred and posted as Second Secretary, (IR-Policy) Federal Board of Revenue (Hq), Islamabad from the post of Deputy Commissioner, (IR) Regional Tax Office, Islamabad.

    19. Muhammad Salamat Ullah (Inland Revenue Service/BS-17) has been transferred and posted as Second Secretary, (IR-Policy) Federal Board of Revenue (Hq), Islamabad from the post of Assistant Commissioner (Prob), Regional Tax Office, Rawalpindi.

    20. Muhammad Siddique (Inland Revenue Service/BS-17) has been transferred and posted as Assistant Commissioner Inland Revenue Regional Tax Office II, Lahore from the post of Assistant Commissioner, Regional Tax Office, Faisalabad.

    21. Nasir Maqbool Hashmi (Inland Revenue Service/BS-17) has been transferred and posted as Assistant Commissioner Inland Revenue Regional Tax Office, Islamabad from the post of Assistant Commissioner, Regional Tax Office, Abbottabad.

    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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  • FBR extends last date for filing return up to March 31

    FBR extends last date for filing return up to March 31

    ISLAMABAD: Federal Board of Revenue (FBR) has extended the last date for filing income tax returns and wealth statements up to March 31, 2019, which will enable the late filers to become part of active taxpayers list.

     FBR issued Circular 02/2019 on Friday and extended the last date for salary persons and final taxations which was due on August 31, 2018 and extended up to December 15, 2018 has been further extended up to March 31, 2019.

     The date of filing of returns of total income and statement of final taxation for companies, individuals and association of persons which were due on September 30, 2018 and extended up to December 15, 2018 has been extended up to March 31, 2019.

     Further the date of filing of returns of total income and statement of final taxation for companies which were due on December 31, 2018 has been further extended to March 31, 2019.

  • Income Tax Ordinance 2001: advance tax on domestic, international air tickets

    Income Tax Ordinance 2001: advance tax on domestic, international air tickets

    KARACHI: Passengers traveling through domestic or international airlines are required to pay certain amount of advance tax on purchase of air tickets.

    According to Income Tax Ordinance, 2001 issued by Federal Board of Revenue (FBR) passengers of domestic and international destinations are required to pay advance tax under Section 236B and Section 236L.
    Section 236B: Advance tax on purchase of air ticket.

    Sub-Section (1): There shall be collected advance tax at the rate specified in Division IX of Part IV of the First Schedule, on the purchase of gross amount of domestic air ticket:

    (The rate of tax to be deducted under section 236B shall be 5 percent of the gross amount of air ticket.)

    “Provided that this section shall not apply to routes of Baluchistan coastal belt, Azad Jammu and Kashmir, Federally Administered Tribal Areas, Gilgit-Baltistan and Chitral.”

    Sub-Section (2): The airline issuing air ticket shall charge advance tax under sub-section (1) in the manner air ticket charges are charged.

    Sub-Section (2A): The mode, manner and time of collection shall be as may be prescribed.

    Sub-Section (3): The advance tax collected under sub-section (1) shall be adjustable.

    Section 236L: Advance tax on purchase of international air ticket
    Sub-Section (1): Every airline, issuing ticket for journey originating from Pakistan, shall collect advance tax at the rates specified in Division XX of Part IV of the First Schedule, on the gross amount of international air tickets issued to passengers booking one-way or return, from Pakistan.
     

    01First/Executive ClassRs16,000 per person
    02Other excluding EconomyRs12,000 per person
    03Economy0

     
    Sub-Section (2): The airline issuing air ticket shall collect or charge advance tax under sub-section (1) in the manner air ticket charges are collected or charged, either manually or electronically.

    Sub-Section (3): The mode, manner and time of collection under sub-section (1) and time of collection shall be as may be prescribed.

    Sub-Section (4): The advance tax collected under sub-section (1) shall be adjustable.

  • FBR transfers 53 BS-19 customs officers in major reshuffle

    FBR transfers 53 BS-19 customs officers in major reshuffle

    ISLAMABAD: Federal Board of Revenue (FBR) in a major reshuffle on Thursday transferred 53 BS-19 officers of Pakistan Customs Service (PCS) with immediate effect and until further orders.

    Following officers have been transferred and posted:

    01. Shafqat Ali Khan Niazi (Pakistan Customs Service/BS-19) has been transferred and posted as Additional Director, Directorate of Risk Management, Karachi from the post of Additional Collector, Model Customs Collectorate of Exports, Karachi.

    02. Basit Maqsood Abbasi (Pakistan Customs Service/BS-19) has been transferred and posted as Additional Collector, Model Customs Collectorate of Preventive, Lahore from the post of Secretary, Federal Board of Revenue (Hq), Islamabad.

    03. Ms. Sadia Munib (Pakistan Customs Service/BS-19) has been transferred and posted as Additional Director, Directorate of Intelligence & Investigation,FBR, Lahore from the post of Additional Director, Directorate of Post Clearance Audit, Lahore.

    04. Syed Fawad Ali Shah (Pakistan Customs Service/BS-19) has been transferred and posted as Additional Collector, Model Customs Collectorate of Port Muhammad Bin Qasim, Karachi from the post of Secretary, Federal Board of Revenue (Hq), Islamabad.

    05. Masood Ahmed (Pakistan Customs Service/BS-19) has been transferred and posted as Additional Collector, Model Customs Collectorate of Exports (Port Muhammad Bin Qasim), Karachi from the post of Additional Collector, Model Customs Collectorate of Appraisement (East), Karachi.

    06. Sanaullah Abro (Pakistan Customs Service/BS-19) has been transferred and posted as Additional Collector, Model Customs Collectorate (JIAP), Karachi from the post of Additional Collector, Model Customs Collectorate of Preventive, Karachi.

    07. Syed Naeem Akhtar (Pakistan Customs Service/BS-19) has been transferred and posted as Additional Director, Directorate of Intelligence & Investigation,FBR, Hyderabad from the post of Additional Director, Directorate of Post Clearance Audit, Karachi.

    08. Muhammad Tahir (Pakistan Customs Service/BS-19) has been transferred and posted as Secretary, Federal Board of Revenue (Hq), Islamabad from the post of Additional Director, Directorate General of Customs Valuation, Karachi.

    09. Ms. Nyma Batool (Pakistan Customs Service/BS-19) has been transferred and posted as Additional Collector, Model Customs Collectorate of Appraisement (East), Karachi from the post of Additional Director, Directorate of Transit Trade, Quetta.

    10. Yousaf Haider Orakzai (Pakistan Customs Service/BS-19) has been transferred and posted as Additional Collector, Collectorate of Customs (Adjudication), Islamabad (based at Peshawar) from the post of Additional Collector, Model Customs Collectorate, Gilgit-Baltistan.

    11. Munib Sarwar (Pakistan Customs Service/BS-19) has been transferred and posted as Additional Director, Directorate of Customs Valuation, Lahore from the post of Additional Collector, Model Customs Collectorate of Appraisement, Lahore.

    12. Muhammad Ismail (Pakistan Customs Service/BS-19) has been transferred and posted as Additional Director, Directorate of Transit Trade, Quetta from the post of Additional Collector, Model Customs Collectorate of Port Muhammad Bin Qasim, Karachi.

    13. Qasim Hafeez Cheema (Pakistan Customs Service/BS-19) has been transferred and posted as Additional Director, Directorate of Post Clearance Audit, Lahore from the post of Additional Director, Directorate General of Internal Audit (Customs), Islamabad.

    14. Farrukh Sajjad (Pakistan Customs Service/BS-19) has been transferred and posted as Additional Director, Directorate of Post Clearance Audit, Karachi from the post of Additional Collector, Model Customs Collectorate of Appraisement (West), Karachi.

    15. Ms. Saira Agha (Pakistan Customs Service/BS-19) has been transferred and posted as Additional Collector, Model Customs Collectorate of Appraisement, Lahore from the post of Additional Director, Directorate of Input Output Coefficient Organization (North), Lahore.

    16. Ms. Ayesha Niaz (Pakistan Customs Service/BS-19) has been transferred and posted as Additional Director, Directorate of Intelligence & Investigation,FBR, Rawalpindi from the post of Secretary, Federal Board of Revenue (Hq), Islamabad.

    17. Ms. Zeb Gul Shabbir (Pakistan Customs Service/BS-19) has been transferred and posted as Additional Collector, Collectorate of Customs (Adjudication), Lahore from the post of Additional Director, Directorate of IPR Enforcement (Central), Lahore.

    18. Ms. Nasreen Nawaz (Pakistan Customs Service/BS-19) has been transferred and posted as Additional Director, Directorate of Intelligence & Investigation,FBR, Lahore from the post of Additional Director, Directorate of Training & Research (Customs), Lahore.

    19. Shoukat Ali (Pakistan Customs Service/BS-19) has been transferred and posted as Secretary, Federal Board of Revenue (Hq), Islamabad from the post of Additional Collector, Model Customs Collectorate of Appraisement (East), Karachi.

    20. Abid Hussain Hakro (Pakistan Customs Service/BS-19) has been transferred and posted as Additional Director, Directorate of Intelligence & Investigation,FBR, Quetta from the post of Additional Director, Directorate of IPR Enforcement (South), Karachi.

    21. Jameel Ahmed Baloch (Pakistan Customs Service/BS-19) has been transferred and posted as Additional Collector, Model Customs Collectorate of Preventive, Quetta from the post of Additional Collector, Model Customs Collectorate of Preventive, Karachi.

    22. Arbab Qaisar Hamid (Pakistan Customs Service/BS-19) has been transferred and posted as Additional Collector, Model Customs Collectorate of Appraisement, Peshawar from the post of Secretary, Federal Board of Revenue (Hq), Islamabad.

    23. Ms. Zahra Haider (Pakistan Customs Service/BS-19) has been transferred and posted as Additional Director, Directorate of Intelligence & Investigation,FBR, Multan from the post of Additional Collector, Collectorate of Customs (Adjudication), Lahore.

    24. Agha Saeed Ahmed (Pakistan Customs Service/BS-19) has been transferred and posted as Secretary, Federal Board of Revenue (Hq), Islamabad from the post of Additional Collector, Model Customs Collectorate of Appraisement (West), Karachi.

    25. Ghulam Mustafa (Pakistan Customs Service/BS-19) has been transferred and posted as Additional Collector, Model Customs Collectorate of Preventive, Peshawar from the post of Additional Collector, Model Customs Collectorate, Faisalabad.

    26. Ms. Sameera Sheikh (Pakistan Customs Service/BS-19) has been transferred and posted as Additional Director, Directorate of IPR Enforcement (Central), Lahore from the post of Additional Director, Directorate of Input Output Coefficient Organization (North), Lahore.

    27. Ms. Beelam Ramzan (Pakistan Customs Service/BS-19) has been transferred and posted as Additional Collector, Office of the Chief Collector of Customs (Central), Lahore from the post of Additional Collector, Collectorate of Customs (Adjudication), Lahore.

    28. Muhammad Haris Ansari (Pakistan Customs Service/BS-19) has been transferred and posted as Additional Director, Directorate General of Customs Valuation, Karachi from the post of Additional Director, Directorate of Reforms and Automation (Customs), Karachi.

    29. Taimoor Kamal Malik (Pakistan Customs Service/BS-19) has been transferred and posted as Additional Director, Directorate of Intelligence & Investigation,FBR, Lahore from the post of Additional Director, Directorate of Internal Audit (Customs), Lahore.

    30. Muhammad Arshad Khan (Pakistan Customs Service/BS-19) has been transferred and posted as Additional Collector, Office of the Chief Collector of Customs (North), Islamabad from the post of Additional Director, Directorate General of Post Clearance Audit, Islamabad.

    31. Ms. Ayesha Bashir Wani (Pakistan Customs Service/BS-19) has been transferred and posted as Additional Collector, Model Customs Collectorate, Islamabad from the post of Additional Collector, Chief Collector Customs (North), Islamabad.

    32. Ms. Mona Aslam (Pakistan Customs Service/BS-19) has been transferred and posted as Additional Collector, Model Customs Collectorate, Sialkot from the post of Additional Director, Directorate of Intelligence & Investigation, FBR, Lahore.

    33. Nisar Ahmad (Pakistan Customs Service/BS-19) has been transferred and posted as Additional Director, Directorate General of Post Clearance Audit, Islamabad from the post of Additional Collector, Model Customs Collectorate, Islamabad.

    34. Naveed Iqbal (Pakistan Customs Service/BS-19) has been transferred and posted as Additional Collector, Collectorate of Customs (Adjudication), Quetta from the post of Additional Collector, Model Customs Collectorate of Appraisement (West), Karachi.

    35. Muhammad Ahsan Khan (Pakistan Customs Service/BS-19) has been transferred and posted as Additional Collector, Model Customs Collectorate of Appraisement, Peshawar from the post of Additional Collector, Model Customs Collectorate, Peshawar.

    36. Tasleem Akhtar (Pakistan Customs Service/BS-19) has been transferred and posted as Secretary, Federal Board of Revenue (Hq), Islamabad from the post of Additional Director, Directorate of Internal Audit (Customs), Karachi.

    37. Muhammad Farukh Sharif (Pakistan Customs Service/BS-19) has been transferred and posted as Secretary, Federal Board of Revenue (Hq), Islamabad from the post of Additional Collector, Model Customs Collectorate of Preventive, Lahore.

    38. Yasin Murtaza (Pakistan Customs Service/BS-19) has been transferred and posted as Additional Collector, Model Customs Collectorate of Appraisement, Quetta from the post of Additional Collector, Model Customs Collectorate of Port Muhammad Bin Qasim, Karachi.

    39. Omar Shafique (Pakistan Customs Service/BS-19) has been transferred and posted as Additional Collector, Model Customs Collectorate of Preventive, Karachi from the post of Secretary, Federal Board of Revenue (Hq), Islamabad.

    40. Muhammad Mumtaz Ali Raza Chaudhry (Pakistan Customs Service/BS-19) has been transferred and posted as Additional Director, Directorate of Input Output Co-efficient Organization (North), Lahore from the post of Additional Director, Directorate of Intelligence & Investigation, FBR, Lahore.

    41. Amer Rashid (Pakistan Customs Service/BS-19) has been transferred and posted as Additional Collector, Model Customs Collectorate of Exports, Custom House, Karachi from the post of Additional Director, Strategic Control Division, Ministry of Foreign Affairs, Islamabad.

    42. Ms. Mona Mehfooz (Pakistan Customs Service/BS-19) has been transferred and posted as Additional Collector, Model Customs Collectorate of Exports (Port Muhammad Bin Qasim), Karachi from the post of Additional Collector, Model Customs Collectorate of Appraisement (East), Karachi.

    43. Ms. Sadia Sadaf (Pakistan Customs Service/BS-19) has been transferred and posted as Additional Director, Directorate of Post Clearance Audit, Karachi from the post of Additional Collector, Collectorate of Customs (Adjudication-II), Karachi.

    44. Abbas Ali Babar (Pakistan Customs Service/BS-19) has been transferred and posted as Secretary, Federal Board of Revenue (Hq), Islamabad from the post of Additional Collector, Chief Collector Customs (Central), Lahore.

    45. Zubair Shah (Pakistan Customs Service/BS-19) has been transferred and posted as Additional Collector, Model Customs Collectorate of Appraisement (West), Karachi from the post of Additional Collector, Model Customs Collectorate, Quetta.

    46. Jehan Bahadar (Pakistan Customs Service/BS-19) has been transferred and posted as Additional Director, Directorate of Transit Trade, Peshawar from the post of Additional Collector, Collectorate of Customs (Adjudication), Islamabad.

    47. Shafiq-ur-Rehman (Pakistan Customs Service/BS-19) has been transferred and posted as Additional Collector, Model Customs Collectorate of Appraisement (East), Karachi from the post of Secretary, Federal Board of Revenue (Hq), Islamabad.

    48. Shahid Jan (Pakistan Customs Service/BS-19) has been transferred and posted as Additional Collector, Model Customs Collectorate, Gilgit-Baltistan from the post of Additional Director, Directorate of Intelligence & Investigation, FBR, Rawalpindi.

    49. Salman Afzal (Pakistan Customs Service/BS-19) has been transferred and posted as Secretary, Federal Board of Revenue (Hq), Islamabad from the post of Additional Collector, Model Customs Collectorate of Port Muhammad Bin Qasim, Karachi.

    50. Ather Naveed (Pakistan Customs Service/BS-19) has been transferred and posted as Additional Director, Strategic Control Division, Ministry of Foreign Affairs, Islamabad from the post of Additional Collector, Model Customs Collectorate, Islamabad.

    51. Honnak Baloch (Pakistan Customs Service/BS-19) has been transferred and posted as Additional Collector, Model Customs Collectorate of Port Muhammad Bin Qasim, Karachi from the post of Additional Director, Directorate General of Customs Valuation, Karachi

    52. Ataullah Shabbir (Pakistan Customs Service/BS-19) has been transferred and posted as Additional Director, Directorate of Intelligence & Investigation,FBR, Gwadar from the post of Additional Collector, Collectorate of Customs (Adjudication-I), Karachi.

    53. Muhammad Tayyab (Pakistan Customs Service/BS-19) has been transferred and posted as Additional Director, Directorate of Transit Trade, Peshawar from the post of Additional Collector, Collectorate of Customs (Adjudication), 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.

  • Foreign Remittances: Non-filers get exemption on cash withdrawal

    Foreign Remittances: Non-filers get exemption on cash withdrawal

    KARACHI: The government has granted exemption from deduction of income tax on cash withdrawal by non-filers from Pak Rupee bank accounts, which have been opened for receiving foreign remittances.

    Through Finance Supplementary (Second Amendment) Act, 2019 a clause 101A has been inserted to Second Schedule of Income Tax Ordinance, 2001.

    It said: “The provisions of Section 231A shall not apply to Pak Rupee account if the deposits in the account are made solely from foreign remittances credited directly into such account.”

    The Section 231A is related to deduction of withholding tax on cash withdrawal from banking system.

    The government through the latest Act already exempted deduction of withholding tax on cash withdrawal by filers of income tax returns.

    The instant clause also exempts the non-filers of income tax returns if their bank accounts receive foreign remittances.

    Sources in Federal Board of Revenue (FBR) said that the measures have been taken to promote inflows of foreign remittances through normal banking system.

    The sources further said that on normal transactions by non-filers a tax rate of 0.6 percent will apply on cash withdrawal of Rs50,000 per day.

  • Advance tax rates enhanced by 50pc for non-filers on motor vehicle purchase

    Advance tax rates enhanced by 50pc for non-filers on motor vehicle purchase

    KARACHI: The government has allowed non-filers to purchase locally manufactured motor vehicles but at the same time the advance tax rates for non-compliant taxpayers have been increased by 50 percent.

    Federal Board of Revenue (FBR) said that the rates have been revised upward on purchase and registration of new locally manufactured cars by non-filers and these rates would be applicable from the date of approval of Finance Supplementary (Second Amendment) Act, 2019.

    Following are the rates for non-filers on purchase of motor vehicles:

    S. NoEngine capacityOld ratesNew rates
    01Up to 850ccRs10,000Rs15,000
    02851cc to 1000ccRs25,000Rs37,500
    031001cc to 1300ccRs40,000Rs60,000
    041301cc to 1600ccRs100,000Rs150,000
    051601cc to 1800ccRs150,000Rs225,000
    061801cc to 2000ccRs200,000Rs300,000
    072001cc to 2500ccRs300,000Rs450,000
    082501cc to 3000ccRs400,000Rs600,000
    09Above 3000ccRs450,000Rs675,000

     

  • Return filers enjoy tax free banking transactions

    Return filers enjoy tax free banking transactions

    KARACHI: The income tax filers have started enjoying withholding tax exemption on transactions of money through banking channels.

    After the implementation of amendments made through Finance Supplementary (Second Amendment) Act, 2019 the income tax return filers are no more required to pay 0.6 percent withholding tax on cash withdrawal.

    The exemption is applicable on the taxpayers, who are appeared on the Active Taxpayers List (ATL) for tax year 2018.

    Before the amendment the rate of withholding tax was 0.3 percent for return filers on cash withdrawal of Rs50,000 in aggregate from banking system per day.

    In order to give incentives to compliant taxpayers and encourage return filing the government exempted the withholding tax on cash withdrawal.

    Now the withholding tax on any banking transactions i.e. cash or non-cash transactions is only applicable on non-filers of income tax returns.

    The non-filers are required to pay 0.6 percent on transactions under Section 231A and Section 236P of Income Tax Ordinance, 2001 on transactions of Rs50,000 per day.

    Tax experts said that the withholding tax on cash withdrawal on non-filers was major impediment in improving banking deposits.

    They said that it would encourage non-compliant to file their returns and further the measure would also reduce channels of cash economy.