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.

FBR facilitates return filing on weekly holidays

ISLAMABAD: Federal Board of Revenue (FBR) has made special arrangements for income tax return filing on the last two days of this month falling on Saturday and Sunday (March 30 & 31), which are also last two days for filing deadline.

The FBR directed all Large Taxpayers Units (LTUs) and Regional Tax Offices (RTOs) to remain open and observe extended working hours till 10:00pm on Saturday March 30 and till 12:00 mid-night on Sunday March 31 to facilitate the taxpayers in payment of duty and taxes.

The FBR has extended the last date for filing income tax returns for tax year 2018 and March 31 is the last date for filing returns.

The FBR’s facilitation has been aimed to provide maximum support to taxpayers in fulfilling their liabilities.

The FBR directed chief commissioners to establish liaison with State Bank of Pakistan (SBP) and authorized branches of National Bank of Pakistan (NBP) to ensure transfer of tax collection by these branches to the respective branches of SBP on the same date so as to account for the same towards the collection for the month of March 2019.

March 27, 2019
FBR notifies promotion of 20 IRS officers to BS-19

ISLAMABAD: Federal Board of Revenue (FBR) on Wednesday notified promotion of 20 Inland Revenue Service (IRS) officers to BS-19 from BS-18 with immediate effect.

The following BS-18 officers of Inland Revenue Service are promoted to

BS-19 on regular basis with immediate effect :-

1. Ms. Kehkshan Khan

2. Mr. Tanveer Iqbal

3. Mr. Rais Humayun Abdul Hayee

4. Mr. Mukhtiar Ahmad Shar

5. Syed Arsalan Qudus Bukhari

6. Ms. Rukhsana Arif

7. Mr. Muhammad Umer Yunus

8. Mr. Riaz Khan

9. Mr. Muhammad Qasswar Hussain

10. Mr. Naheed Ahmad

11. Mr. Bilal Ahmed

12. Ms. Saher Aftab Butt

13. Mr. Muhammad Shakil Anwar

14. Mr. Ghulam Hussain

15. Mr. Usman Ahmed Khan

16. Mr. Sultan Muhammad Nawaz Nasir

17. Ms. Huma Sarwar

18. Mr. Bahader Sher Afridi

19. Mr. Amanullah Virk

20. Ms. Ayesha Ranjha

The officers at Sr. Nos. 03, 13, 19 & 20 will actualize their promotion from the date of their return from deputation and join FBR (HQ), Islamabad. 3. The officer at Sr. No. 01 is recommended for promotion to BS-19 on probation

for one year under Rule 6(2) of Civil Servants (APT) Rules, 1973 and subject to two special reports after every six months each from the date of her promotion.

The officer at Sr. No. 09 is promoted subject to completion of satisfactory PERs, without any adverse entry/remarks, for the period 25-11-2017 to 30-06-2018. 5. The officers who are drawing performance allowance will continue to draw the same after regular promotion to BS-19.

The officers already working in OPS as Additional Commissioner/Additional

Director/Secretary FBR (HQ), Islamabad will actualize their promotion against the present place of posting.

For actualization of promotion of the remaining officers, transfer/ posting

order will be issued separately.

FBR congratulates the aforementioned officers on their regular promotion

to BS-19.

March 27, 2019
FBR promotes Customs officers to BS-19

ISLAMABAD: Federal Board of Revenue (FBR) on Wednesday announced promotion of Pakistan Customs Service (PCS) officers from BS-18 to BS-19 with immediate effect.

Following officers have been promoted on regular basis with immediate effect :-

1. Nawabzadi Aliya Dilawar Khanji

2. Dr. Salamat Ali

3. Ahmad Affan

4. Muhammad Ali Malik

5. Tahir Abbas

6. Kamran Ali Rana

7. Ansir Anise

8. Riaz Hussain

9. Tahir Habib Cheema

10. Saleha Zakir Shah

11. Saima Ayyaz

12. Kanwal Ali

13. Aftab Ullah Shah

14. Ali Zeb Khan

15. Naveed Abbas Memon

16. Imran Razzaq

The FBR said the officers at Sr. No. 1, 6 & 7 are promoted to BS-19 on probation for one year under Rule 6(2) of Civil Servants (APT) Rules, 1973 and subject to two special reports after every

six months from the date of their promotion.

The officers, who are drawing performance allowance, will continue to draw the same after promotion.

The officers appearing at Serial No. 5,7 & 9 will actualize their promotion from the date they return from deputation and join FBR.

The officers mentioned at Sr. No. 1, 2 & 3 may actualize their promotion against their present places of posting in BS-19.

March 27, 2019
Income Tax Ordinance 2001: total exemption on payment of pension, retirement

KARACHI: Any income representing any payment received by way of gratuity or commutation of pension by an employee on his retirement is exempted from income tax.

The Second Schedule of Income Tax Ordinance, 2001 explained the exemption from total income.

Any income representing any payment received by way of gratuity or commutation of pension by an employee on his retirement or, in the event of his death, by his heirs as does not exceed –

(i) in the case of an employee of the Government, a Local Government, a statutory body or corporation established by any law for the time being in force, the amount receivable in accordance with the rules and conditions of the employee’s services;

(ii) any amount receivable from any gratuity fund approved by the Commissioner in accordance with the rules in Part III of the Sixth Schedule;

(iii) in the case of any other employee, the amount not exceeding three hundred thousand rupees receivable under any scheme applicable to all employees of the employer and approved by the Board for the purposes of this sub-clause; and

(iv) in the case of any employee to whom sub-clause (i), (ii) and (iii) do not apply, fifty per cent of the amount receivable or seventy-five thousand rupees, whichever is the less:

Provided that nothing in this sub-clause shall apply –

(a) to any payment which is not received in Pakistan;

(b) to any payment received from a company by a director of such company who is not a regular employee of such company;

(c) to any payment received by an employee who is not a resident individual; and to any gratuity received by an employee who has already received any gratuity from the same or any other employer.

March 27, 2019
FBR freezes 4,000 bank accounts for arrears recovery

KARACHI: Federal Board of Revenue (FBR) has frozen around 4,000 bank accounts of tax defaulters in a major crackdown, according to media reports on Tuesday.

These bank accounts have been attached during last three months to recover outstanding amount from tax defaulters.

In the major action against tax defaulters the FBR recovered around Rs8.2 billion through various means provided under income tax laws.

Besides freezing bank accounts, the FBR also attached 78 immovable properties and 46 vehicles for the recovery.

Further, about nine people were arrested in this recovery drive. The arrests have been made each in Faisalabad and Peshawar. Further, warrants for arrest in two cases have been issued.

March 27, 2019
FBR notifies promotion of IRS officers to BS-22

ISLAMABAD – In a significant development, the Federal Board of Revenue (FBR) announced the promotions of two distinguished officers from the Inland Revenue Service (IRS) to the coveted BS-22 rank.
(more…)

March 26, 2019
MCC Preventive announces auction of confiscated vehicle on March 28

KARACHI: Model Customs Collectorate (MCC) Preventive, Karachi has announced auction of confiscated vehicle to be held on March 28, 2019 at Anti-Smuggling Organizations (ASO), Ghasbandar, East Wharf, Karachi.

The following vehicles will be presented for the auction:

1. Mitsubishi Pajero Jeep ( Used) GS-2000 Model-1994, Reg. GS-2000 / V46 – 4034791.

2. Used Lexus Car – Reg No. UC – 868 -Model – 2006 – 3450cc, JTHBG 963905034702.

3. Used Toyota Premio Car VVT – Reg no. AAH – 747 Model – 2007, ZZT240 0140149.

4. Used Toyota Harrier Jeep Reg no. JAA – 452 – Model – 1998 – 2999 cc, Chassis no. MCU – 10 – 0013510 Engine no. IMZ – FE 6688090.

5. Used Toyota Hilux Surf – Reg no- CP – 0693/ Model – 1990/ 2958cc, Chassis no. LN – 130 – 0009771.

6. Used Honda Saloon Accord Car/ Reg no. BFT – 418/ Model 2003/ 1990cc, Chassis no. LC7 – 3006339/ Engine no. 33101802.

7. Toyota Hiluc Surf SSR – X – 3.0/ Reg no. BD – 8045/ Model KD – KZN130W – GKPQT/ 2962 cc, Chassis no. KZN 130 – 9048116/ Engine no. IKZ – TE.

8. Used Mercedes Benz ( AG) Fake Reg no. AB – 1001/ 2999cc, Chassis no. WDB1240312B476728.

9. Used Toyota Mark – II Saloon Car/ Reg no. BBL – 708/ Model – 2000/ 1800HP, Chassis no. JZX110 – 6000922/ Engine no. 1JZ – 075 – 075010.

10. Used Toyota Hilux Surf/ Reg no. BD – 1688/ Model – 1994 ( As per seat belt), Chassis no. LN – 130 – 0123784.

11. Used Toyota AXIO – X Car – White colour – Reg no. BFE – 068 – 1496 cc – Model – 2007, Chassis no. NZE – 141 – 6028039/ Engine no. INZ – CO360547.

12. Toyota Primo Car Used – Reg no. AAM – 095 – Model – 2005 – 1794 cc, Chassis no. ZZT – 240 – 5039822/ Engine no. IZZFE – 12557.

13. Used Honda Civic Saloon Car – White Colour Reg no. AAM – 988 (Quetta) – Model – 2007, Chassis no. FD – 31001100/ Engine no. MF – 5100586 – 1800cc.

14. Used Toyota Land Cruiser Jeep – Silver Colour – Reg no. BG – 1131 – Model – 1989 – 3431 cc, Chassis no. BJ 60 – 023765 – Engine no. 38 – 1098887(As per Reg.Book).

15. Used Toyota Corolla Car – Model – 2015, Reg no. BDE – 852 – Chassis no. NZE170R4016729.

16. Used Toyota Crown Saloon Car – Model – 2004, Reg no. BHK – 012/ Chassis no. GRS182 – 5014910 – Engine no. 3GR – FSF – 2994cc.

17. used toyota saloon car XE-Model -1999 – 1500cc chassis No AE-100-5171778-engine No SA-FE-1500cc

18. Used Toyota Mark-X Car, Reg no BGB-453-Model -2005, Chassis No GRX-121-3000684-Engine No 3GR-FSE0077053-2497cc.

19. Used Toyota Premio Saloon Car Reg No, AXE-317, Chassis No ZZT 240-0124717- Engine No 1ZZ-2614685.

20. Used Toyouta Premio Saloon Car, Reg No BFM-306-Model- 2004, Chassis No AZT240-0017447, engine No 1AZ-4802097-1998cc.

21. Used Toyota Mark-X Car, Reg No BBC-301, Model -2005, Chassis No GRX-120-0042956-Engine No 4GR-FSE-2499cc.

22. Used Landcruiser Jeep, Reg No E-1132, Model -1997, Chassis No KZJ95-0080245, Engine No IKZ-TE-0547566-2982cc.

23. Used Toyota Hilux Surf Jeep, Reg No BJ-933, Model -2000, Chassis No RZN-185-9029667-Engine No 3RZ-FE-2122003-2963cc.

24. Used Toyota Vitz Car, Reg No RFL-1788, MOdel -2004, Chassis No SCP-13-0048794-Engine No 2SZ-FE-1297cc.

25. Used Toyota Land Cruiser Jeep, Reg No GR-541, Model-2015, chassis No TRJ150-051668, Engine No 2TR-FE.

26. Used Toyota Crown Royal Saloon (G)Car, Fake Reg No BEZ-998, Model-2005, Chassis No GRS 182-1015624-Engine No 0123426, 2994cc.

March 26, 2019
Income Tax Ordinance 2001: Corporate tax rate to be reduced to 25pc

The government of Pakistan has undertaken a strategic initiative to gradually reduce corporate income tax rates, aiming to bring them down to 25% by the tax year 2023 and onwards.
(more…)

March 26, 2019
FBR suspends customs officer

ISLAMABAD: Federal Board of Revenue (FBR) has suspended an officer Pakistan Customs Service (PCS) BS-16 while taking disciplinary action against him.

In a notification issued on Monday, the FBR while exercising powers under Government Servants (Efficiency & Discipline) Rules, 1973, suspended Mansab Shah, Inspector, BS-16, Model Customs Collectorate of Preventive, Lahore with immediate effect for a period of three months.

March 25, 2019

Tax rates for salary, business individuals

KARACHI: Following are the tax rates for individuals under First Schedule of Income Tax Ordinance, 2001.

The tax rate as updated through Finance Supplementary (Amendment) Act, 2018 to Income Tax Ordinance, 2001, issued by Federal Board of Revenue (FBR).

Rates of tax for individuals

(1) The rates of tax imposed on the taxable income of every individual, not being an individual to which paragraph (1A) of this Division applies, shall be as set out in the following table, namely:—

Table

S. No.	Taxable Income	Rate of Tax
01	Where the taxable income does not exceed Rs. 400,000	0 percent
02	Where the taxable income exceeds Rs. 400,000 but does not exceed Rs. 800,000	Rs1,000
03	Where the taxable income exceeds Rs. 800,000 but does not exceed Rs. 1,200,000	Rs2,000
04	Where the taxable income exceeds Rs.1,200,000 but does not exceed Rs. 2,400,000	5 percent of the amount exceeding Rs. 1,200,000
05	Where the taxable income exceeds Rs. 2,400,000 but does not exceed Rs. 3,000,000	60,000 + 15 percent of the amount exceeding Rs. 2,400,000
06	Where the taxable income exceeds Rs. 3,000,000 but does not exceed Rs. 4,000,000	150,000 + 20 percent of the amount exceeding Rs. 3,000,000
07	Where the taxable income exceeds Rs. 4,000,000 but does not exceed Rs. 5,000,000	350,000 + 25 percent of the amount exceeding Rs. 4,000,000
08	Where the taxable income exceeds Rs. 5,000,000	600,000 + 29 percent of the amount exceeding Rs. 5,000,000

Provided that where the taxable income exceeds eight hundred thousand rupees the minimum tax payable shall be two thousand rupees.

Salary persons

(1A) Where the income of an individual chargeable under the head “salary” exceeds fifty per cent of his taxable income, the rates of tax to be applied shall be as set out in the following table, namely:—

Table

S.No.	Taxable Income	Rate of Tax
01	Where the taxable income does not exceed Rs. 400,000	0 percent
02	Where the taxable income exceeds Rs. 400,000 but does not exceed Rs. 800,000	Rs1,000
03	Where the taxable income exceeds Rs. 800,000 but does not exceed Rs. 1,200,000	Rs2,000
04	Where the taxable income exceeds Rs. 1,200,000 but does not exceed Rs. 2,500,000	5 percent of the amount exceeding Rs. 1,200,000
05	Where the taxable income exceeds Rs.2,500,000 but does not exceed Rs. 4,000,000	65,000 + 15 percent of the amount exceeding Rs. 2,500,000
06	Where the taxable income exceeds Rs. 4,000,000 but does not exceed Rs. 8,000,000	290,000 + 20 percent of the amount exceeding Rs. 4,000,000
07	Where the taxable income exceeds Rs. 8,000,000	1,090,000 + 25 percent of the amount exceeding Rs. 8,000,000

Provided that where the taxable income exceeds eight hundred thousand rupees the minimum tax payable shall be two thousand rupees.

March 25, 2019