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Tag: FBR

FBR, Pakistan’s national tax collecting agency, plays a crucial role in the country’s economy. Pakistan Revenue is committed to providing readers with the latest updates and developments regarding FBR activities.

  • FBR issues preventive measures for stage-III coronavirus

    FBR issues preventive measures for stage-III coronavirus

    ISLAMABAD: Federal Board of Revenue (FBR) on Tuesday issued preventive measures for stage-III coronavirus pandemic.

    The FBR directed all the officers of the headquarters and field formations (BS-17 to BS-21) to restrict the working strength of their offices to only one clerical / ministerial staff and one Naib Qasid on weekly/fortnightly rotation basis with effect from March 16, 2021.

    The FBR further said that employees having symptoms of COVID-19 must immediately get themselves tested for the same and in case tested positive, they must immediately quarantine / isolate themselves at homes for fourteen (14) days. “During this period, their entry to concerned offices shall be banned.”

    COVID-19 positive employees shall get themselves tested at the end of fourteen (14) days quarantine/isolation period and only in case of negative results, shall resume their official duties.

    In order to avoid physical contact with door handles and to keep the rooms/offices properly ventilated and well-lit, it is also advised that all offices doors/windows be kept open.

  • FBR appoints panel of advocates for Karachi tax offices

    FBR appoints panel of advocates for Karachi tax offices

    KARACHI: Federal Board of Revenue (FBR) on Tuesday appointed a panel of advocates to present the tax offices in Karachi before various legal forums.

    The FBR placed following advocates, on the panel of the FBR, relating to court matters of Inland Revenue Service for a period of three years:

    01. Ali Tahir

    02. Iftikhar Hussain Qureshi

    03. Ayaz Sarwar Jamali

    04. Sardar Zafar Hussain

    05. Munawar Ali Memon

    06. Chaudhary Mehmood Anwar

    07. Ijazuddin Qureshi

    08. Irfan Mir Halipota

    09. Saif Ali Akbar

    10. Muhammad Taseer Khan

    11. Iqbal Hussain

    12. Qasim Ali

    13. Ghulam Murtaza Korai

    14. Rana Sakhawat Ali

    15. Mansoor ul Haq Solangi

    16. Syed Muhammad Salman Ali

    17. Naureen Iqbal

    18. Syed Zaeem Hyder Musavi

    19. Fayyaz Ali Metlo

    20. Masood Rasool Babar

    21. Farhan Ali Shah

    22. Ms. Abida Perveen Channar

    23. Akhtar Hussain Sheikh

    24. Zafar Imam

    25. Imtiaz Ali Solangi

    The FBR said that the advocates may be assigned court cases for pleading before various courts/tribunals at Karachi Station, on the basis of merit, keeping in view their experience and facts of the each case.

  • Tax collection from new car manufacturing grows by 28pc

    Tax collection from new car manufacturing grows by 28pc

    The collection of withholding income tax from the sales of new cars by manufacturers in Pakistan has seen a notable uptick, marking a 28 percent increase during the first eight months of the fiscal year 2020/2021.

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  • Sales tax record must be retained for six years

    Sales tax record must be retained for six years

    ISLAMABAD – In a bid to enhance transparency and compliance, the Federal Board of Revenue (FBR) has stipulated that registered businesses must retain their sales tax records for a period of six years for audit and examination purposes.

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  • FBR constitutes committees for integration of Tier-I retailers

    FBR constitutes committees for integration of Tier-I retailers

    ISLAMABAD: Federal Board of Revenue (FBR) has constituted central committee and regional committees to oversee the integration of Tier-I retailers with the FBR system.

    The FBR said that in pursuance of the Memorandum of Understanding (MOU) signed between the FBR and the Chainstore Association of Pakistan (CAP) on October 28, 2020, a central committee and regional committees have been constituted to oversee the process of integration of Tier-I Retailers.

    The central committee would look into issues related to input tax issues, HS Code issues, customer incentivization, software problems etc.

    Similarly, the Regional Committees would be responsible for identification Tier-I and Tier-II retailers in their respective areas and to liaise with the chief commissioners concerned besides resolving sectoral as well as individual issues of retailers.

    Following Central and Regional Committees have been constituted comprising of FBR and CAP’s representatives:

    Central Committee:

    FBR Representatives:

    i. Director General Retail

    ii. Chief (IR- Analysis)

    iii. Second Secretary Retail

    CAP’s Representatives:

    i. Tariq Mehboob

    ii. Irfan Iqbal Sheikh

    iii. Asfandyar Farrukh

    iv. Mardan Ali Zaidi

    v. Mohammad Shamsuddin

    vi. Mustafa Bashir

    vii. Raheel Meghani

    viii. Sheikh Owais Mehmood

    ix. Addel Rauf

    x. Tanveer Niaz

    xi. Ch. Asim Ghous

    xii. Mohammad Imran Saleemi

    Karachi Region Committee

    FBR Representatives:

    i. Chief Commissioner Inland Revenue, MTO Karachi

    ii. Focal Person, POS integration, MTO Karachi.

    CAP’s Representatives:

    i. Asfandyar Farrukh

    ii. Junaid Dandia

    iii. Salman Saeed

    iv. Raheel Meghani

    v. Mustufa Bashir

    vi. Rafiq Chamdia

    Lahore Region Committee

    FBR Representatives:

    i. Chief Commissioner Inland Revenue RTO, Lahore

    ii. Focal Person, POS integration, RTO Lahore

    CAP’s Representatives:

    i. Tariq Mehmood

    ii. Wasif Butt

    iii. Mohammad Imran Saleemi

    iv. Mardan Ali Zaidi

    v. Asim Javed

    vi. Omar Saeed

    Islamabad Region Committee

    FBR Representatives:

    i. Chief Commissioner Inland Revenue RTO, Islamabad

    ii. Focal Person, POS integration, RTO Islamabad

    CAP’s Representatives:

    i. Shaikh Owais Mehmood

    ii. Asim A Majeed

    iii. Ahszan Zafar Bakhtawari

    iv. Shamsuddin Sultan Ali

    v. Addel Rauf

    vi. Ch. Tahir

  • No sale to be allowed without tax stamp: FBR

    No sale to be allowed without tax stamp: FBR

    ISLAMABAD: Federal Board of Revenue (FBR) on Thursday said that no product would be allowed to be removed from a production site without affixation of tax stamps with effect from July 01, 2021.

    The tax stamps to be obtained/procured from and applied by FBR’s Licensee M/s. AJCL/MITAS/Authentix Consortium.

    The FBR said that after awarding license of the Track and Trace system to the successful bidder, FBR has issued four Sales Tax General Orders for Four specified Sectors. These sectors include Tobacco, Sugar, Cement and Fertiliser.

    These Sales Tax General Orders are being issued under the provisions of Section 40C(2) of the Sales Tax Act, 1990 read with Rule 150ZF of the Sales Tax Rules, 2006.

    These laws mandate FBR to notify the date for the implementation of Electronic Monitoring of productions and sales of goods in the manner prescribed in the law on all manufacturing sites.

    FBR has directed All manufacturers of specified Products to make necessary arrangements for importation of applicators and other equipment required for successful installation and implementation of Track and Trace System at their production facilities.

  • FBR criticized for restricting servicing of tax notices through electronic means

    FBR criticized for restricting servicing of tax notices through electronic means

    KARACHI: Karachi Tax Bar Association (KTBA) has criticized the tax authorities for restricting the service of tax notices to electronic means.

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  • 100 percent income tax credit proposed for IT sector: FBR

    100 percent income tax credit proposed for IT sector: FBR

    Federal Board of Revenue (FBR) announced on Wednesday a proposal to expand the range of tax concessions for income derived from the export of software, IT services, and IT-enabled services.

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  • FBR processes first batch of automated income tax refund payment

    FBR processes first batch of automated income tax refund payment

    ISLAMABAD: Federal Board of Revenue (FBR) on Wednesday processed first batch of income tax refund payment through automated system.

    Member IR (Operations) inaugurated Centralized Income Tax Refund Office (CITRO) by processing the first batch of income tax refund claims for payment through dedicated VPN tunnel established between FBR and State Bank of Pakistan (SBP).

    This is indeed another milestone achieved by the organization through incessant efforts of Member IR Operations and Member IT of FBR, a statement said.

    This system would eliminate human interaction between tax authority and taxpayers as well as ensure quick relief to business community.

    The FBR said that in line with the vision of the Prime Minister to provide maximum facilitation to the taxpayers and under the guidance of Chairman FBR, the CITRO has been established at FBR in order to facilitate taxpayers by releasing income tax refund payments directly into their bank accounts in an expeditious and transparent manner. This would work in an end-to-end automated manner.

    FBR is in process of enhancing this automation process to the next level by creating linkages between all federal and provincial departments as well as large numbers of withholders so that verification and processing of refund claims can also be made in a machine-enabled environment.

  • FBR inducts 14 fresh chemical examiners in customs department

    FBR inducts 14 fresh chemical examiners in customs department

    ISLAMABAD: Federal Board of Revenue (FBR) on Wednesday inducted 14 fresh chemical examiners (BS-16) in the Customs department.

    The FBR said that consequent upon the recommendations of Federal Public Service Commission (FPSC), Islamabad vide letter No.F.4-140/2019-R(FS-I), dated 18.01.2021 and having accepted the terms and conditions of appointment contained in the offer of appointment letter No.1(44)/2018-Cus-III dated 25.01.2021, the following candidates are hereby appointed as Deputy Assistant Chemical Examiner (BS-16) in the Customs Department under the Federal Board of Revenue:-

     Sr#FPSC Roll #Name of the CandidatesPlace of posting
    1921Muhammad Waqas AhmadModel Customs Collectorate of Appraisement & Facilitation-West, Karachi
    279Arif AliModel Customs Collectorate of Appraisement & Facilitation-West, Karachi
    3548Hafiza Fatima YasinModel Customs Collectorate of Appraisement & Facilitation-West, Karachi
    4742Sajjad AliModel Customs Collectorate of Appraisement & Facilitation-West, Karachi
    5490Ali QasimModel Customs Collectorate of Appraisement & Facilitation-West, Karachi
    61105Shakeel KhanModel Customs Collectorate of Appraisement & Facilitation-West, Karachi
    7586Maham NaeemModel Customs Collectorate of Appraisement & Facilitation-West, Karachi
    8965Taimoor TawseenModel Customs Collectorate of Appraisement & Facilitation-West, Karachi
    9563Husna SarfrazModel Customs Collectorate of Appraisement & Facilitation-East, Karachi
    10306Sobia NoreenModel Customs Collectorate of Appraisement & Facilitation-East, Karachi
    111093Rashid MenhasModel Customs Collectorate of Exports (Port Muhammad Bin Qasim), Karachi
    121151Shah KhalidModel Customs Collectorate of Exports (Port Muhammad Bin Qasim), Karachi
    13118Ghulam RasoolModel Customs Collectorate of Exports, Customs House, Karachi
    14927Noman SaleemModel Customs Collectorate of Exports, Customs House, Karachi

    The FBR said that their seniority will be maintained in order of merit assigned by Federal Public Service Commission (FPSC) and in accordance with the Civil Servants (Seniority) Rules, 1993. Other terms and conditions of their service will be the same as already conveyed vide FBR letter dated January 25, 2021.

    The officers have been advised to join the concerned Customs field formation mentioned against their names immediately but not later than March 26, 2021.