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Tag: FBR chairman

  • KTBA demands date extension for filing sales tax return

    KTBA demands date extension for filing sales tax return

    KARACHI: Federal Board of Revenue (FBR) has been informed that many taxpayers were unable to file their sales tax returns for September 2020 as FBR’s web-portal was stopped functioning.

    Muhammad Zeeshan Merchant, President, Karachi Tax Bar Association (KTBA) in a letter on Monday apprised Muhammad Javed Ghani, Chairman, FBR about the malfunctioning of FBR’s web portal, which deprived many taxpayers in filing their sales tax returns for the period of September 2020.

    The FBR chairman was informed that KTBA members had faced immense problems in e-filing the monthly sales tax return for the tax period of September 2020 which was due on October 18, 2020.

    Merchant said that due to non-working of FBR web-portal for the last few days and it completely stopped functioning on Saturday October 17, 2020 and Sunday October 18, 2020.

    The KTBA president also highlighted that many of the CPRs which were paid by using ADC-payment option were not reflecting in banks folders and consequently taxpayers were unable to upload their tax challans and therefore were unable to e-file the sales tax return for the tax period ‘September 2020’.

    “Our members are also upset because they were not even in a position to apply for extension either manually or online as there is no provision available,” the KTBA president said.

    The FBR chairman has been urged to extend the date of e-filing the monthly sales tax return for the tax period ‘September 2020’ at the earliest to facilitate bar members and the compliant taxpayer to fulfil their legal obligation properly.

  • FBR chairman to hold e-Katcheri for taxpayers

    FBR chairman to hold e-Katcheri for taxpayers

    ISLAMABAD: Javaid Ghani, Chairman, Federal Board of Revenue (FBR) will listen to problems faced by taxpayers through e-Katcheri on Friday August 21, 2020.

    The chairman will be available for taxpayers through telephone number # 051-111772772 between 10:00AM to 11:00AM on Friday August 21, 2020..

    The program has been launched in compliance with the directive of the prime minister to conduct e-Khuli Katcheri to stay in contact with the public by all available means and provide them accessible platform to raise their issues for timely resolution.

    The taxpayers facilitation wing of the FBR recently circulated about the program directing that e-Katcheri would be conducted by every tier of FBR in the second week of every month on regular basis.

    The FBR directed all the tax offices to ensure that all proceedings of the e-Katcheri are property recorded and tasks should be assigned to concerned officers accordingly.

    The tax offices have also been directed to submit performance report on the outcome of the meeting with public.

    In the wake of COVID-19, the tax authorities shall conduct one e-Katcheri at all tiers of FBR in the second week of every month. In the backdrop of COVID-19, only e-Katcheris shall be conducted for the time being until normalcy of the situation.

  • Javed Ghani assumes charge of FBR chairman

    Javed Ghani assumes charge of FBR chairman

    ISLAMABAD: Muhammad Javed Ghani has assumed additional charge of chairman Federal Board of Revenue (FBR) on Tuesday after removal of Ms. Nausheen Javed Amjad from the post of FBR chairperson.

    A notification issued by the FBR, Muhammad Javed Ghani, an officer of Pakistan Customs Service BS-22 assumed the additional charge of the post of chairman FBR on July 07, 2020.

    In another notification issued by the FBR stated that Ms. Nausheen Javaid Amjad, BS-22 officer of Inland Revenue Service has relinquished the charge of the post of FBR chairperson with effect from July 07, 2020.

  • Nausheen Amjad appointed FBR chairperson

    Nausheen Amjad appointed FBR chairperson

    ISLAMABAD: Ms. Nausheen Javaid Amjad, a BS-22 officer of Inland Revenue Service (IRS) has been appointed as the chairperson of Federal Board of Revenue (FBR) and a notification will be issued shortly, sources said on Monday.

    Ms. Nausheen has been appointed as the chief of revenue body on the recommendations of senior tax officers. A vacuum was created after Shabbar Zaidi went on leave for an indefinite period.

    She was serving as acting chairperson since January 31, 2020 after Shabbar Zaidi was granted leave on health grounds.

    Last week a summary for the cabinet was sent for the appointment of FBR chairman.

    Selection Committee for selection of senior officers has unanimously recommended that Ms. Nausheen Javaid Amjad presently posted as Member (Admin) FBR may be appointed as Chairperson FBR.

    Syed Muhammad Shabbar Zaidi, Chartered Accountant, was appointed as Chairman FBR, on May 10, 2019 for a period of two years, on honorary / pro bono basis.

    In view of the above, Establishment Division proposed the following:

    1. The honorary / pro bono appointment of Syed Muhammad Shabbar Zaidi, as Chairman FBR may be terminated with immediate effect.

    2. Ms. Nausheen Javaid Amjad (BS-22/IRS) presently posted as Member (Admin), may be transferred and appointed as chairperson FBR with immediate effect.

  • FBR chairman Shabbar Zaidi on indefinite leave

    FBR chairman Shabbar Zaidi on indefinite leave

    ISLAMABAD: Syed Muhammad Shabbar Zaidi, Chairman, Federal Board of Revenue (FBR) has gone on leave for indefinite period.

    According to a notification issued by the revenue board, Ms. Nausheen Javaid Amjad, BS-22 officer of Inland Revenue Service (IRS) has been assigned look after charge of the post of Chairman FBR with effect from January 31, 2020 during the leave period of Syed Muhammad Shabbar Zaidi.

    The notification has mentioned the start date of leave of the FBR chairman but there is no date mention about his joining.

    Previously Shabbar Zaidi was on leave from January 06, 2020 and FBR notification mentioned his date of joining from January 19, 2020.

    The latest notification about the leave of Shabbar Zaidi has strengthened the rumors that there was confusion in the economic team of the country.

    Sources said that Shabbar Zaidi was on leave due to bad health conditions.

    Shabbar Zaidi was appointed in May 2019 as Chairman of the FBR from private sector. He is the 26th chairman of the FBR.

    Following is the list of FBR chairmen:

    1)Mr. Mohammad Jehanzeb Khan29.08.2018  —-
    2)Ms. Rukhsana Yasmin02.07.2018 29.08.2018
    3)Mr. Tariq Mahmood Pasha04.07.2017 02.07.2018
    4)Dr. Muhamad Irshad19.01.2017 30.06.2017
    5)Mr. Nisar Muhammad Khan17.11.2015 18.01.2017
    6)Mr. Tariq Bajwa02-07-2013 17.11.2015
    7)Mr.Ansar Javed10-04-2013 30-06-2013
    8)Mr. Ali Arshad Hakeem10-07-2012 09-04-2013
    9)Mr. Mumtaz Haider Rizvi21.01.2012 10-07-2012
    10)Mr. Salman Siddique24.12.2010 21.01.2012
    11)Mr. Sohail Ahmad18.05.2009 24.12.2010
    12)Mr. Moinuddin Khan02.01.1998 06.11.1998
    13)Mr. Hafeezullah Ishaq11.11.1996 02.01.1998
    14)Mr. Shamim Ahmed28.08.1996 11.11.1996
    15)Mr. Alvi Abdul Rahim13.07.1995 28.08.1996
    16) Mr. Sajjad Hasan24.07.1991 03.10.1991
    17)Mr. Ahadullah Akmal16.08.1990 24.07.1991
    18)Mr. Ghulam Yazdani Khan22.01.1989 11.08.1990
    19)Syed Aitezazuddin Ahmed20.08.1988 02.01.1989
    20)Mr. I.A. Imtiazi11.08.1985 20.08.1988
    21) Mr. Fazlur Rahman Khan14.12.1980 11.08.1985
    22)Mr. N.M. Qureshi12.11.1975 14.12.1980
    23)Mr. M. Zulfiqar01.10.1974 12.11.1975
    24)Mr. Riaz Ahmad17.11.1973 30.09.1974
    25) Mr. M. Zulfiqar11.10.1971 17.11.1973
  • Voluntary tax system fails to generate revenue: FBR

    Voluntary tax system fails to generate revenue: FBR

    ISLAMABAD: Syed Shabbar Zaidi, Chairman, Federal Board of Revenue (FBR) has said that voluntary compliance failed to generate revenue.

    “The voluntary tax system has failed to deliver and such system cannot run on a sustained basis,” the chairman said on Tuesday while addressing All Pakistan Chambers Presidents Conclave.

    The chairman said that the existing taxation system as ‘extortionist’ and said the FBR was collecting 90 percent taxes in the shape of withholding taxes and deduction at source while only 5 – 10 percent was coming through voluntary compliance.

    He said that total wholesale and retail traders are contributing Rs 9 billion from all over the country. He further added that Sundar Industrial Estate, which is not exempted from registration of sales tax, is contributing ‘very negligible’ amount to the national kitty.

    Zaidi also pointed out that the FBR was collecting 45 percent on imports. He also added that the FBR cannot be fixed with sacking and transfers of officers but it will have to be automated to minimize human interaction as much as possible.

    The chairman said that the tax authority had so far collected Rs 2,085 billion in first half (July-December) of 2019-2020.

    He stated that the FBR is facing one major problem on customs side as there is still difference of $1.7 billion in bilateral trade figure, which shows that under-invoicing is still continuing that once stood in the range of $6 billion per annum.

    He said it is not possible for any human to check 8,000 containers daily so the solution is the installation of the latest scanners. “We need to place automation as there is no other solution,” he added.

    The chairman FBR said that there are four major sectors contributing to the country’s GDP growth and economy including manufacturing, agriculture, services and retail trade and wholesale.

    There should have been 25 percent burden on each of these four sectors but in Pakistan manufacturing sector is bearing this burden by contributing 70 percent to national kitty. This tax burden, he said, is resulting into de-industrialization.

    Ideally, he said the tax burden should have distributed equally on four major contributors of the GDP growth.

    He said that the government is the partner of 25 percent in the shape of collection of taxes from the private businesses.

  • No rift in economic team: FBR

    No rift in economic team: FBR

    ISLAMABAD: Federal Board of Revenue (FBR) has strongly rebuffed the reports about rifts in government economy team and due to this the chairman of the revenue authority is on leave.

    The FBR in a statement on Monday said that FBR chairman Shabbar Zaidi is on a two weeks leave which is going to end this Friday.

    He is likely to resume office on Monday and his first day business will include Prime Ministers interaction with all Pakistan traders.

    The leave of Chairman FBR was necessisated by his annual medical check up in Karachi and some family commitments.

    The Chairman as a part of economic team of the prime minister enjoys full confidence of the Prime Minister and his Advisor on Finance.

    “Any rumours of any sort of rift in the economic team are utterly incorrect,” the FBR said.

  • FBR chairman on 14 days leave

    FBR chairman on 14 days leave

    The Chairman of the Federal Board of Revenue (FBR), Syed Muhammad Shabbar Zaidi, is set to take a 14-day leave, according to an official notification issued on Tuesday. The leave is effective from January 6, 2020, to January 19, 2020.

    (more…)
  • FBR to issue procedure to document non-duty paid fast moving consumer goods

    FBR to issue procedure to document non-duty paid fast moving consumer goods

    ISLAMABAD: Federal Board of Revenue (FBR) will issue procedure for documenting smuggled and non-duty paid fast moving consumer goods (FMCG).

    In a tweet message on Saturday, FBR Chairman Syed Shabbar Zaidi said that the FBR was working in developing a ‘expeditious settlement’ of ‘non duty paid’ fast moving consumer goods available in the market.

    He said that the tax machinery would release details next week.

    “The purpose is to facilitate businessmen and improve documentation without disturbing business confidence,” he added.

    Recently, teams constituted by the FBR conducted physical survey of main markets and shopping centers/plazas to identify the presence of non-duty paid and smuggled goods.

    The FBR teams inspected imported products including garments, cosmetics, watches, toys, gift items, batteries, cigar, leather goods, designer bags etc.

    The sources said that the teams had identified smuggled and non-duty paid goods at big retails outlets.

    The FBR on August 17, 2019 decided to launch monitoring the presence of smuggled goods in main shopping markets across the country from this month. It was also decided to launch the monitoring by joint teams of Inland Revenue and Pakistan Customs.

    The Overseas Investors Chamber of Commerce and Industry (OICCI) recently in a letter to the FBR chairman the chairman highlighted the magnitude of smuggled/illegal goods.

    “There is not a single study to identify the complete magnitude of illegal trade in Pakistan but it is estimated that approximately 60 percent of the total demand for products of over half a dozen sectors of the formal economy, including petroleum, tea, mobile phones and auto parts industry, is met only through smuggling.”

    It said that bulk quantity of illegal/smuggled goods is available and these goods were mainly affecting sectors including petroleum, tea, mobile phones and auto parts industry.

    Highlighting the impact of illegal trade, the OICCI said: “virtually all major organized crime groups are not involved in the trade, resulting from huge profits but little risk, and whilst utilizing the services of children and slave labor.”

    These groups do not pay taxes, nor do they pay fair wages, and there is zero traceability of funds generated from the trade and their eventual disposition, the OICCI said, added: “More often than not, these funds may be redirected to terrorism, and money laundering.”

  • FBR issues Rs5.5bn refunds through automated system: Shabbar Zaidi

    FBR issues Rs5.5bn refunds through automated system: Shabbar Zaidi

    ISLAMABAD: Syed Shabbar Zaidi, Chairman, Federal Board of Revenue (FBR) on Wednesday said that around Rs5.5 billion sales tax refunds were issued through fully automated system.

    In a massage, he said that the FBR had released to this date around Rs 5.5 billion worth of refunds under fully automated FASTER system.

    “However the most important feature and the change in paradigm is that such refunds have been issued under fully automated, impersonal, harassment and corruption free system.”

    In August 2019 the FBR amended the Sales Tax Rules, 2006 through SRO 918(I)/2019 to make mandatory the routing of refund claims through RMS of the FBR’s computerized system.

    Based on the parameters in RMS, a refund claim shall be routed to any of the following three channels as described below, namely:−

    (a) Fully Automated Sales Tax e-Refund System (FASTER), The provisions related to this channel are prescribed in Chapter V-A.

    (b) Expeditious Refund System (ERS), The claims filed by the manufacturer cum-exporters under section 10 of the Act that do not fulfill parameters of FASTER channel and the same are considered as involving medium risk by RMS shall be routed to ERS. The RPO for verified amount shall be generated and forwarded to CSTRO for payment.

    (c) Sales Tax Automated Refund Repository (STARR), The claims that do not fulfill criteria for both FASTER and ERS channels shall be processed through STARR in the manner as provided in rule 29.

    For the refund claims processed through FASTER or ERS, the part of the refund claim that is not verified or not found admissible shall be subjected to system validation checks every week and Refund Payment Order (RPO) shall be generated for the amount found valid during each validation check. After every validation process, the information regarding RPO generated, if any, as well as the objections shall be communicated by the system to the refund claimant and also to the concerned RTO or LTU for information.

    The FBR said that RPO so generated shall be communicated to the State Bank of Pakistan for payment in the aforesaid manner. After eight validation checks, including the initial one, if any amount still remains un-cleared, the same shall then be processed under STARR channel.