May 19, 2024

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Pakistan Revenue

Tag: FBR chairman

No compromise on documentation of economy: FBR chairman
Jul 20
Taxation

No compromise on documentation of economy: FBR chairman

ISLAMABAD: Shabbar Zaidi, Chairman, Federal Board of Revenue (FBR) on Friday said that the government will not compromise documentation of economy by surrendering condition of CNIC on purchases. He said that the condition of CNIC had been enforced on purchases above Rs50,000. Speaking at a seminar organized by Sustainable Development Policy Initiative (SDPI) on Wednesday, […]

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FBR warns stern action against under-invoicing, mis-declaration
Jul 18
Pakistan Customs, Taxation

FBR warns stern action against under-invoicing, mis-declaration

ISLAMABAD: Federal Board of Revenue (FBR) has decided to launch drive against manufacturers and importers indulged in under invoicing and incurring huge revenue losses to national exchequer. FBR chairman Syed Shabbar Zaidi, in a statement, warned such manufacturers and importers to abstain from misdeclaration and under-invoicing. The statement said that the smuggling was the greatest […]

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FBR bans entry of unauthorized persons, Lappoos into custom houses
May 27
Pakistan Customs, Taxation

FBR bans entry of unauthorized persons, Lappoos into custom houses

KARACHI: Federal Board of Revenue (FBR) has restricted entry of unauthorized persons, including privately hired persons by customs officials (Lappoos), into custom houses with immediate effect. In a statement issued on Monday, Pakistan Customs said that FBR chairman Syed Muhammad Shabbar Zaidi ordered the ban on entry of unauthorized persons into customs station in order […]

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Shipping agents demand forming task force to eliminate under/over invoicing
May 16
Ports and Shipping

Shipping agents demand forming task force to eliminate under/over invoicing

KARACHI: Shipping agents have demanded the Federal Board of Revenue (FBR) to form taskforce / joint investigation team (JIT) to eliminate the menace of under / over invoicing, mis-declaration and smuggling in Pakistan. In a letter to the chairman of FBR Syed Muhammad Shabbar Zaidi, the Pakistan Ship’s Agents Association (PSAA) congratulated the chairman for […]

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PTBA assures full support to new FBR chairman
May 11
Taxation

PTBA assures full support to new FBR chairman

KARACHI: Pakistan Tax Bar Association (PTBA) has assured full support to Syed Muhammad Shabbar Zaidi, newly appointed chairman of Federal Board of Revenue (FBR). In a statement issued on Saturday PTBA welcomed the appointment of Shabbar Zaidi as chairman of Federal Board of Revenue (FBR). The tax bar declared the appointment of Shabbar Zaidi as […]

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No bank account freezing without informing taxpayer: FBR chairman
May 10
Taxation

No bank account freezing without informing taxpayer: FBR chairman

ISLAMABAD: Shabbar Zaidi, the newly appointed chairman of Federal Board of Revenue (FBR), has issued instructions to field formation that bank account will not be frozen without prior information to taxpayers. A directive issued on Friday by the chairman stating: “no bank account attachment unless the taxpayer’s CEO/principal officer/owner is informed at least 24 hours […]

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