ISLAMABAD: Federal Board of Revenue (FBR) has launched action against suspicious transactions to curb money laundering in order to meet the requirement of Financial Action Task Force (FATF).
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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.
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FBR issues list of businesses located in eight cities for mandatory income tax integration
ISLAMABAD, July 5, 2023 – The Federal Board of Revenue (FBR) has issued a directive mandating the online integration of businesses located in eight major cities across Pakistan under the income tax laws. This measure is part of the FBR’s ongoing efforts to improve tax compliance and streamline revenue collection.
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Exemption to Greenfield Industry: FBR amends sales tax rules
ISLAMABAD: Federal Board of Revenue (FBR) has notified rules for processing application to avail sales tax exemption on greenfield industry.
The FBR issued SRO 777(I)/2020 to amend Sales Tax Rules 2006 and said that a registered person applying for approval of its industrial undertaking as “Greenfield Industry”, as defined in sub-clause (12A) of section 2 and for exemption under Serial No.150 of the Table –I of Sixth schedule to the Sales Tax Act 1990, shall make an application electronically to the Commissioner Inland Revenue having jurisdiction in the form prescribed in Annexure-I along with documents prescribed in Annexure-II of this Chapter.
The registered person shall also submit a hard copy of the prescribed application to the Commissioner Inland Revenue for the purposes of approval under sub-clause (12A) of section 2 and Serial No.150 of Table-I of Sixth Schedule to the Sales Tax Act, 1990 along with all the documents required under this Chapter.
Processing of applications by the Commissioner
(1) On receipt of an application under rule 158B, the Commissioner Inland Revenue may make such inquiries or call for such further information or documents as deemed necessary.
(2) After scrutiny of the application and the documents annexed thereto, the Commissioner Inland Revenue shall, forward the application to the Engineering Development Board, Government of Pakistan hereinafter referred to as “EDB” in this Chapter, for seeking its expert opinion as to whether the process or technology being employed by the said industrial undertaking is or is not already under use in Pakistan.
(3) Upon receipt of application forwarded by Commissioner Inland Revenue, the EDB shall process the same within the time stipulated by him and communicate its expert opinion / findings with regard to the query raised in sub-rule (2) tothe Commissioner Inland Revenue.
Approval of the application:
(1)After completion of all the formalities, the Commissioner Inland Revenue may, through an order in writing, approve the industrial undertaking for the purposes of sub-clause (12A) of Section 2 of the Act.
(2) The Commissioner Inland Revenue may, after recording the reasons in writing, refuse to grant approval for the purposes of sub-clause (12A) of Section 2 of the Act.
Finalization of Applications. The Commissioner Inland Revenue shall finalize the applications filed under Rule 158B within fifteen days of its receipt.
Appeal against decision of a Commissioner Inland Revenue. Any registered person dissatisfied with the decision of the Commissioner Inland Revenue under Rule 158D may prefer an appeal within sixty days of the receipt of the order to the Appellate Tribunal Inland Revenue under section 46 of the Act.
Procedure for generation and transmission of exemption certificate in the WeBOC. — (1)In case of grant of approval as “Greenfield Industry”, the exemption certificate shall be generated automatically by the IRIS on the basis of the approval as Greenfield industry granted by the Commissioner Inland Revenue.
The exemption certificate shall be automatically transmitted from IRIS to WeBOC as per existing procedure.
Procedure for availing sales tax exemption on import of plant and machinery:
(1) The registered person shall upload a copy of the order of approval as Greenfield Industry already issued by the Commissioner Inland Revenue in WeBOC at the time of preparations of Goods Declaration for the imported plant and machinery.
(2) The registered person shall claim in the Goods Declaration the exemption from sales tax on the imported plant and machinery as per Serial No. 150 of Table-1 of the Sixth Schedule to the Sales Tax Act 1990.
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FBR grants audit immunity to salaried persons, pensioners
ISLAMABAD: Federal Board of Revenue (FBR) has granted audit immunity to salaried individuals and pensioners for income declared/ return filed for tax year 2018.
The FBR on Tuesday issued Audit Policy 2019 and announced exclusion from audit to certain classes of taxpayers.
The FBR said that all cases where income chargeable to tax under the head of salary and / or pension exceeds 50 percent of taxable income should be excluded from income tax audit. The FBR said that directors of companies would not qualify for the exclusion.
The FBR also excluded persons falling under final tax regime from audit selection.
The FBR said that under Audit Policy 2019 those cases would not be selected, which were already selected for audit by commissioner Inland Revenue and Director Intelligence and Investigation (I&I) (IR) under Section 177 and in consequence of action under section 175 of the Income Tax Ordinance, 2001 for tax year 2018.
The FBR further said that those cases would not be selected where declaration had been made under the Voluntary Declaration of Domestic Assets Act, 2018. Further, those cases will also not be selected where declaration has been made under the Asset Declaration Ordinance, 2019.
The FBR said that Audit Policy 2019 would apply to persons or classes of persons falling under all or any of the three domestic federal tax statutes i.e. Income Tax Ordinance, 2001, Sales Tax Act, 1990, and Federal Excise Act, 2005 and shall provide the necessary framework for selection of cases for audit by the Board.
The FBR further said that the for the purpose of selecting cases for audit through risk based approach by conducting computer ballots, the policy be effective for tax year 2018 for Income Tax and corresponding tax periods for sales tax and federal excise.
The FBR said that it would conduct computer ballot by applying risk based parameters for selection of 0.76 percent of cases for audit out of the total filers after exclusions in Income Tax for the tax year 2018.
For sales tax and federal excise, the FBR would select 1.67 percent and 5.65 percent cases for audit respectively out of the total filers after exclusions for tax period corresponding to accounting period adopted for the purpose of returns for income tax for tax year 2018.
However, the FBR has limited the audit cases selected without the risk-based system to 10 percent of total audits subject to clearance by Member (Taxpayers Audit).
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Providing business outlets, brands made mandatory for sales tax return
ISLAMABAD: Federal Board of Revenue (FBR) has amended sales tax rules in order to bring more businesses into the tax net.
The FBR issued SRO 776(I)/2020 on Tuesday to amend Sales Tax Rules, 2006. Through the amendment the FBR explained that null return should be treated as a sales tax return which shows no data related to sales and purchases during a tax period.
Further, the FBR has made mandatory for a business to provide names of all business branches/outlets along with complete addresses etc.
The FBR also made it mandatory that a business owner will provide details of all brands names/trademarks in which dealing. The FBR said that the business owner shall provide details of all business brand names / trademarks etc. in which dealing.
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FBR directed to simplify income tax return form while considering various sectors
ISLAMABAD: In a bid to alleviate the challenges faced by various economic sectors, Dr. Abdul Hafeez Shaikh, Advisor to the Prime Minister on Finance and Revenue, has instructed the Federal Board of Revenue (FBR) to simplify the income tax return form. This directive came during an important meeting on FBR reforms held on Monday.
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FBR renames tax offices
ISLAMABAD: Federal Board of Revenue (FBR) on Monday renamed field offices while exercising powers under Section 4(1)(r) of FBR Act, 2007. The change of names shall take effect on September 01, 2020.
According to an office order, the Large Taxpayers Unit (LTU) Karachi, Lahore and Islamabad will be renamed as Large Taxpayers Office (LTO) Karachi, Lahore and Islamabad.
The LTU-II Karachi has been renamed as Medium Taxpayers Unit (MTU) Karachi. Further, Corporate Regional Tax Office (CRTO) Karachi and Lahore have been renamed as CTO Karachi and Lahore.
Meanwhile, the Regional Tax Office (RTO)-II Karachi has been renamed as RTO-I Karachi and RTO-III Karachi has been renamed as RTO-II Karachi. The RTO-II Lahore has been renamed as RTO Lahore.
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FBR transfers 74 customs officials of BS-16 to BS-18
ISLAMABAD: Federal Board of Revenue (FBR) on Monday notified transfers and postings of 74 officials of Pakistan Customs Service (PCS) in BS-16 to BS-18 with immediate effect until further orders.
The FBR notified transfers and postings of following officials:
01. Tauqeer Ahmad Dar (Pakistan Customs Service/BS-18) has been transferred and posted as Deputy Director, Directorate of Post Clearance Audit (Central), Lahore from the post of Deputy Collector, Model Customs Collectorate of Enforcement and Compliance, Lahore
02. Muhammad Ali Asad Khan (Pakistan Customs Service/BS-18) has been transferred and posted as Secretary (OPS), Customs Wing, Federal Board of Revenue (HQ), Islamabad from the post of Deputy Collector, Office of the Chief Collector Customs Appraisement and Facilitation (Central), Lahore.
03. Ms. Tayyaba Bukhari (Pakistan Customs Service/BS-18) has been transferred and posted as Deputy Director, Directorate of Intelligence & Investigation, FBR, Lahore from the post of Deputy Collector, Model Customs Collectorate of Appraisement and Facilitation, Lahore.
04. Ms. Asma Bashir (Pakistan Customs Service/BS-18) has been transferred and posted as Deputy Director, Directorate of Intelligence & Investigation, FBR, Lahore from the post of Deputy Collector, Model Customs Collectorate (AIIA), Lahore.
05. Syed Babar Ali Shah (Pakistan Customs Service/BS-18) has been transferred and posted as Deputy Director, Directorate of Training & Research (Customs), Lahore from the post of Deputy Collector, Model Customs Collectorate, Sialkot.
06. Fazli Shakoor (Pakistan Customs Service/BS-18) has been transferred and posted as Deputy Collector, Collectorate of Customs (Adjudication), Quetta from the post of Deputy Director, Directorate of Intelligence & Investigation, FBR, Quetta.
07. Muhammad Faisal (Pakistan Customs Service/BS-18) has been transferred and posted as Deputy Director, Directorate of Post Clearance Audit (South), Karachi from the post of Deputy Director, Directorate of Reforms and Automation (Customs), Karachi.
08. Ms. Zehra Tahir Naqvi (Pakistan Customs Service/BS-18) has been transferred and posted as Deputy Director, Directorate General of Customs Valuation, Karachi from the post of Deputy Collector, Model Customs Collectorate of Exports, Custom House, Karachi.
09. Shoukat Hayat (Pakistan Customs Service/BS-18) has been transferred and posted as Deputy Collector, Model Customs Collectorate of Appraisement and Facilitation, Quetta from the post of Deputy Director, Directorate General of Transit Trade, Karachi.
10. Ammar Ahmad Mir (Pakistan Customs Service/BS-18) has been transferred and posted as Deputy Collector, Model Customs Collectorate of Port Muhammad Bin Qasim, Karachi from the post of Deputy Director, Directorate General of Training & Research (Customs), Karachi.
11. Ms. Nausheen Riaz Khan (Pakistan Customs Service/BS-18) has been transferred and posted as Deputy Director, Directorate of Intelligence & Investigation, FBR, Karachi from the post of Deputy Director, Directorate General of Risk Management, Karachi.
12. Ms. Mahwish Shah (Pakistan Customs Service/BS-18) has been transferred and posted as Deputy Collector, Collectorate of Customs (Adjudication-I), Karachi from the post of Deputy Collector, Model Customs Collectorate of Exports (Port Muhammad Bin Qasim), Karachi.
13. Ms. Aneeqa Afzal (Pakistan Customs Service/BS-18) has been transferred and posted as Deputy Collector, Collectorate of Customs (Adjudication), Faisalabad from the post of Deputy Collector, Model Customs Collectorate of Appraisement and Facilitation, Faisalabad.
14. Ms. Mariam Mehdi Raja (Pakistan Customs Service/BS-18) has been transferred and posted as Deputy Director, Directorate of Post Clearance Audit (Central), Lahore from the post of Deputy Collector, Model Customs Collectorate (JIAP), Karachi.
15. Omer Bin Zafar Chattha (Pakistan Customs Service/BS-18) has been transferred and posted as Deputy Director, Directorate of IPR Enforcement (Central), Lahore from the post of Deputy Collector, Model Customs Collectorate, Islamabad.
16. Syed Kareem Adil (Pakistan Customs Service/BS-18) has been transferred and posted as Deputy Collector, Model Customs Collectorate of Enforcement and Compliance, Lahore from the post of Deputy Collector, Model Customs Collectorate, Hyderabad.
17. Ms. Haleema Qasim (Pakistan Customs Service/BS-18) has been transferred and posted as Deputy Director, Directorate of CBCM, DG I&I-FBR, Islamabad from the post of Deputy Collector, Collectorate of Customs (Adjudication), Islamabad. The officer will also look after the charge of Deputy Director, Directorate of Law & Prosecution, Islamabad.
18. Ali Ijaz (Pakistan Customs Service/BS-18) has been transferred and posted as Deputy Director, Directorate of Customs Valuation, Lahore from the post of Deputy Collector, Model Customs Collectorate of Exports, Customs House, Karachi.
19. Inamullah (Pakistan Customs Service/BS-18) has been transferred and posted as Deputy Collector, Model Customs Collectorate (JIAP), Karachi from the post of Deputy Director, Directorate of Transit Trade, Peshawar.
20. Ms. Nazia Saleem (Pakistan Customs Service/BS-18) has been transferred and posted as Deputy Collector, Model Customs Collectorate of Appraisement and Facilitation, Lahore from the post of Deputy Collector, Model Customs Collectorate, Islamabad.
21. Tausif Aman (Pakistan Customs Service/BS-18) has been transferred and posted as Deputy Director, Directorate of Intelligence & Investigation ,FBR, Karachi from the post of Deputy Collector, Model Customs Collectorate (JIAP), Karachi.
22. Junaid Mahmood (Pakistan Customs Service/BS-18) has been transferred and posted as Deputy Collector, Model Customs Collectorate of Appraisement and Facilitation (East), Karachi from the post of Deputy Director, Directorate of Intelligence & Investigation, FBR, Rawalpindi.
23. Muhammad Aftab (Pakistan Customs Service/BS-18) has been transferred and posted as Deputy Director, Directorate of Intelligence & Investigation, FBR, Karachi from the post of Deputy Collector, Model Customs Collectorate of Exports (PMBQ), Karachi.
24. Mrs. Zainab Mahmood (Pakistan Customs Service/BS-18) has been transferred and posted as Deputy Collector, Collectorate of Customs (Adjudication), Lahore from the post of Deputy Collector, Model Customs Collectorate (AIIA), Lahore.
25. Naveed-ur-Rehman (Pakistan Customs Service/BS-18) has been transferred and posted as Deputy Collector, Model Customs Collectorate, Islamabad from the post of Deputy Director, Directorate of Internal Audit-North (Customs), Islamabad.
26. Amjad Hussain Rajper (Pakistan Customs Service/BS-18) has been transferred and posted as Deputy Collector, Model Customs Collectorate of Enforcement and Compliance, Quetta from the post of Deputy Collector, Collectorate of Customs (Adjudication), Quetta.
27. Hamid Hussain (Pakistan Customs Service/BS-18) has been transferred and posted as Deputy Collector, Model Customs Collectorate, Gwadar from the post of Deputy Collector, Office of the Chief Collector Customs (Appraisement and Facilitation) – South, Karachi.
28. Amanullah Soomro (Pakistan Customs Service/BS-18) has been transferred and posted as Second Secretary, Customs Wing, Federal Board of Revenue (HQ), Islamabad from the post of Deputy Director, Directorate General of Customs Valuation, Karachi.
29. Wahaj Saghir (Pakistan Customs Service/BS-18) has been transferred and posted as Deputy Collector, Model Customs Collectorate, Gwadar from the post of Deputy Collector, Model Customs Collectorate, Gilgit-Baltistan.
30. Asfand Yar Khan (Pakistan Customs Service/BS-18) has been transferred and posted as Deputy Director, Directorate of Transit Trade, Peshawar from the post of Deputy Director, Strategic Control Division, Ministry of Foreign Affairs, Islamabad.
31. Amjad Aman (Pakistan Customs Service/BS-18) has been transferred and posted as Deputy Collector, Model Customs Collectorate of Exports (Port Muhammad Bin Qasim), Karachi from the post of Deputy Collector, Model Customs Collectorate of Enforcement and Compliance, Multan.
32. Usman Tariq (Pakistan Customs Service/BS-18) has been transferred and posted as Deputy Collector, Model Customs Collectorate (AIIA), Lahore from the post of Deputy Collector, Model Customs Collectorate of Appraisement and Facilitation, Faisalabad.
33. Saqib-ur-Raihman (Pakistan Customs Service/BS-18) has been transferred and posted as Deputy Collector, Model Customs Collectorate (AIIA), Lahore from the post of Deputy Collector, Model Customs Collectorate of Appraisement and Facilitation, Peshawar.
34. Muhammad Wasif Malik (Pakistan Customs Service/BS-18) has been transferred and posted as Deputy Collector, Model Customs Collectorate of Port Muhammad Bin Qasim, Karachi from the post of Deputy Collector, Model Customs Collectorate of Appraisement and Facilitation, Quetta.
35. Amanat Khan (Pakistan Customs Service/BS-18) has been transferred and posted as Deputy Director, Directorate of Transit Trade, Peshawar from the post of Deputy Director, Directorate of Intelligence & Investigation, FBR, Lahore.
36. Umair Zahid (Pakistan Customs Service/BS-18) has been transferred and posted as Deputy Collector, Model Customs Collectorate of Appraisement and Facilitation, Peshawar from the post of Deputy Collector, Model Customs Collectorate of Enforcement and Compliance, Karachi.
37. Ubaidullah (Pakistan Customs Service/BS-17) has been transferred and posted as Deputy Director, (OPS) Directorate of Intelligence & Investigation, FBR, Rawalpindi from the post of Deputy Director, (OPS) Directorate of Post Clearance Audit (North), Islamabad.
38. Farhat H. Khan (Pakistan Customs Service/BS-17) has been transferred and posted as Deputy Collector, (OPS) Model Customs Collectorate of Enforcement and Compliance, Karachi from the post of Deputy Director, (OPS) Directorate of Post Clearance Audit (South), Karachi.
39. Malik Muhammad Ahmed (Pakistan Customs Service/BS-17) has been transferred and posted as Assistant Collector, Model Customs Collectorate of Enforcement and Compliance, Quetta from the post of Assistant Collector, Model Customs Collectorate, Gwadar.
40. Quratulain Ramay (Pakistan Customs Service/BS-17) has been transferred and posted as Assistant Collector, Model Customs Collectorate of Appraisement and Facilitation (West), Karachi from the post of Assistant Director, Directorate General of IPR (Enforcement), Islamabad.
41. Nabeel Siraj (Pakistan Customs Service/BS-17) has been transferred and posted as Assistant Director, Directorate General of Risk Management, Karachi from the post of Assistant Collector, Model Customs Collectorate of Appraisement and Facilitation (East), Karachi.
42. Farheen Zahra (Pakistan Customs Service/BS-17) has been transferred and posted as Second Secretary, Customs Wing, Federal Board of Revenue (HQ), Islamabad from the post of Assistant Collector, Model Customs Collectorate, Islamabad.
43. Azka Zafar Rana (Pakistan Customs Service/BS-17) has been transferred and posted as Assistant Director, Directorate of Reforms and Automation (Customs), Karachi from the post of Assistant Collector, Model Customs Collectorate of Appraisement and Facilitation (East), Karachi.
44. Maleeka Jafari (Pakistan Customs Service/BS-17) has been transferred and posted as Second Secretary, Customs Wing, Federal Board of Revenue (HQ), Islamabad from the post of Assistant Collector, Model Customs Collectorate of Appraisement and Facilitation (East), Karachi.
45. Raissa Kanwal (Pakistan Customs Service/BS-17) has been transferred and posted as Assistant Collector, Model Customs Collectorate of Enforcement and Compliance, Multan from the post of Assistant Collector, Model Customs Collectorate of Appraisement and Facilitation (West), Karachi.
46. Tanveer Ahmad (Pakistan Customs Service/BS-17) has been transferred and posted as Assistant Collector, Collectorate of Customs (Adjudication), Islamabad from the post of Assistant Collector, Model Customs Collectorate of Port Muhammad Bin Qasim, Karachi.
47. Salman Javaid (Pakistan Customs Service/BS-17) has been transferred and posted as Assistant Director, Directorate General of Risk Management, Karachi from the post of Assistant Collector, Model Customs Collectorate of Enforcement and Compliance, Lahore.
48. Shehla Saleem Mughal (Pakistan Customs Service/BS-17) has been transferred and posted as Assistant Director, Directorate of Training & Research (Customs), Lahore from the post of Assistant Collector, Model Customs Collectorate, Sialkot.
49. Rabel (Pakistan Customs Service/BS-17) has been transferred and posted as Assistant Collector, Model Customs Collectorate of Exports, Custom House, Karachi from the post of Assistant Collector, Model Customs Collectorate of Appraisement and Facilitation (West), Karachi.
50. Nayab Azhar (Pakistan Customs Service/BS-17) has been transferred and posted as Assistant Collector, Model Customs Collectorate of Appraisement and Facilitation, Faisalabad from the post of Assistant Collector, Model Customs Collectorate of Enforcement and Compliance, Karachi.
51. Saima Rahim (Pakistan Customs Service/BS-17) has been transferred and posted as Assistant Collector, Model Customs Collectorate of Enforcement and Compliance, Multan from the post of Assistant Collector, Model Customs Collectorate of Appraisement and Facilitation, Lahore.
52. Sajid Khan (Pakistan Customs Service/BS-17) has been transferred and posted as Assistant Collector, Model Customs Collectorate of Appraisement and Facilitation (East), Karachi from the post of Assistant Collector, Model Customs Collectorate of Enforcement and Compliance, Peshawar.
53. Muhammad Ahmed Rizwan (Pakistan Customs Service/BS-17) has been transferred and posted as Second Secretary, Customs Wing, Federal Board of Revenue (HQ), Islamabad from the post of Assistant Collector, Model Customs Collectorate of Appraisement and Facilitation (West), Karachi.
54. Tariq Hussain (Pakistan Customs Service/BS-17) has been transferred and posted as Assistant Collector, Model Customs Collectorate, Gilgit-Baltistan from the post of Assistant Collector, Model Customs Collectorate of Port Muhammad Bin Qasim, Karachi.
55. Rana Umair Arshad (Pakistan Customs Service/BS-17) has been transferred and posted as Assistant Director, Directorate of Reforms and Automation (Customs), Karachi from the post of Assistant Collector, Model Customs Collectorate of Enforcement and Compliance, Quetta.
56. Syed Jalal Haider Zaidi (Pakistan Customs Service/BS-17) has been transferred and posted as Assistant Collector, Model Customs Collectorate, Islamabad from the post of Assistant Collector, Model Customs Collectorate of Enforcement and Compliance, Multan.
57. Muhammad Fahd Jamil (Pakistan Customs Service/BS-17) has been transferred and posted as Assistant Director, Strategic Exports Control Division, Ministry of Foreign Affairs Islamabad from the post of Assistant Collector (Prob), Model Customs Collectorate of Enforcement and Compliance, Multan.
58. Hudaa Khalid (Pakistan Customs Service/BS-17) has been transferred and posted as Assistant Collector, Model Customs Collectorate, Islamabad from the post of Assistant Collector, Model Customs Collectorate, Sialkot.
59. Wardah Hajra (Pakistan Customs Service/BS-17) has been transferred and posted as Assistant Collector, Model Customs Collectorate, Islamabad from the post of Assistant Collector (Prob), Office of the Chief Collector Customs (North), Islamabad.
60. Muhammad Javed Mehmood (Pakistan Customs Service/BS-17) has been transferred and posted as Assistant Collector, Model Customs Collectorate of Appraisement and Facilitation, Faisalabad from the post of Assistant Director, Directorate of IPR Enforcement (Central), Lahore.
61. Khalid Umer (Pakistan Customs Service/BS-17) has been transferred and posted as Assistant Director, Directorate General of Transit Trade, Karachi from the post of Assistant Director, Directorate of Intelligence & Investigation, FBR, Gwadar.
62. Asad Aleem (Pakistan Customs Service/BS-17) has been transferred and posted as Assistant Collector, Model Customs Collectorate of Exports, Custom House, Karachi from the post of Assistant Director, Directorate of Intelligence & Investigation, FBR, Karachi.
63. Muhammad Saleem (Pakistan Customs Service/BS-17) has been transferred and posted as Assistant Director, Directorate of Intelligence & Investigation, FBR, Gwadar from the post of Assistant Director, Directorate of Internal Audit (Customs), Karachi.
64. Muhammad Khalid (Pakistan Customs Service/BS-17) has been transferred and posted as Assistant Collector, Model Customs Collectorate, Sialkot from the post of Superintendent, RTO, Gujranwala, on promotion.
65. Manoo Mal Gulwani (Pakistan Customs Service/BS-17) has been transferred and posted as Assistant Collector, Model Customs Collectorate, Hyderabad from the post of Superintendent, Model Customs Collectorate, Hyderabad, On Promotion.
66. Amjad Lal Junejo (Pakistan Customs Service/BS-17) has been transferred and posted as Assistant Collector, Model Customs Collectorate, Hyderabad from the post of Superintendent, Model Customs Collectorate, Hyderabad, On Promotion.
67. Ms. Kousar Jabeen (Pakistan Customs Service/BS-17) has been transferred and posted as Assistant Director, Directorate of Internal Audit-South (customs), Karachi from the post of Superintendent, RTO-II, Karachi, On Promotion.
68. Samsam Qadir Shah (Pakistan Customs Service/BS-17) has been transferred and posted as Assistant Director, Directorate General of Training & Research (Customs), Karachi from the post of Superintendent Preventive Services, Model Customs Collectorate of Enforcement and Compliance, Karachi, On Promotion.
69. Nasir Iqbal Kasuri (Pakistan Customs Service/BS-17) has been transferred and posted as Assistant Collector, Model Customs Collectorate of Appraisement and Facilitation, Lahore from the post of Principal Appraiser, Directorate of Internal Audit (North-Customs), Islamabad (Based at Lahore), On Promotion.
70. Shafiullah (Pakistan Customs Service/BS-17) has been transferred and posted as Assistant Collector, Model Customs Collectorate of Enforcement and Compliance, Karachi from the post of Principal Appraiser, Model Customs Collectorate of Appraisement and Facilitation (West), Karachi, On Promotion.
71. Ilyas Ahmed (Pakistan Customs Service/BS-17) has been transferred and posted as Assistant Collector, Model Customs Collectorate (JIAP), Karachi from the post of Superintendent, Direcorate of Intelligence & Investigation-FBR, Karachi, On Promotion.
72. Mehmood Ahmad Nasir (Pakistan Customs Service/BS-17) has been transferred and posted as Assistant Director, Directorate of IOCO (North), Lahore from the post of Superintendent, CRTO, Lahore, On Promotion.
73. Abdul Qayyum (Pakistan Customs Service/BS-17) has been transferred and posted as Assistant Director, Directorate of Intelligence & Investigation, FBR, Multan from the post of Principal Appraiser, Model Customs Collectorate of Appraisement and Facilitation (East), Karachi, On Promotion.
74. Abdul Hameed (Pakistan Customs Service/BS-17) has been transferred and posted as Assistant Collector, Model Customs Collectorate of Appraisement and Facilitation (West), Karachi from the post of Principal Appraiser, Directorate General of Customs Valuation, Karachi, On Promotion.
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 notifies rules making mandatory for banks to share deposit, withdrawal details
ISLAMABAD: Federal Board of Revenue (FBR) on Monday made it mandatory for banks to provide details of transactions including deposits and withdrawals during a month. Besides, the banks are also required to provide information of transactions made through credit/debit cards and details of persons making profit on debt through banking deposits.
The FBR issued SRO 773(I)/2020 dated August 24, 2020 to make amendment in Income Tax Rules, 2002. The FBR previously issued draft of these rules through SRO 686(I)/2020 dated August 05, 2020.
According to the amendments, the banks are required to provide information of persons who have deposited Rs10 million or more during a month.
The information of person making transactions must include: CNIC/NICOP/Passport Number; Name/Title of Account; Resident/Non-Resident; Address; Telephone Number; Account Opening Date; Account Number (BAN); Business/Professional/Occupation; and Amount Deposited during a month.
The banks are also required to provide similar information to the tax authority of a person making cash withdrawal exceeding Rs1 million during a month.
According to the rules, the FBR also made it mandatory for banks to provide details of persons making payment through credit card payment of Rs250,000 or more during a month. The FBR sought similar information of persons making transactions from banks.
Besides, the banks will furnish information of persons making profit on debt during a year. The banks will provide similar information of persons drawing profit on debt.
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FBR allows sugar import at reduced rates of income tax, sales tax
ISLAMABAD: Federal Board of Revenue (FBR) on Monday allowed import of sugar at reduced rate of income tax and sales tax for the quantity as approved by the government.
The FBR issued SRO 770(I)/2020 and SRO 771(I)/2020 to amend Income Tax Ordinance, 2001 and Sales Tax Act, 1990 for allowed reduced rates of advance income tax at 0.25 percent and sales tax at one percent.
Through SRO 771(I)/2020, the Second Schedule of Income Tax Ordinance, 2001 has been amended.
In the Schedule, in Part- II, after the omitted clause (9A), the following new clause has been inserted, namely:—
“(9AA) In respect of import of white crystalline sugar falling under H.S codes 1701.9910 and 1701.9920 from the 25th day of August, 2020 to the 15th day of November, 2020 (both days inclusive), tax under section 148 shall be collected at the rate of 0.25 percent provided that such imports shall not exceed three hundred thousand metric tons in aggregate, as per mode and manner prescribed by Ministry of Commerce during the said period.”
Earlier, on August 20, 2020, the FBR issued SRO 750(I)/2020 to allow exemption of income tax on sugar import by Trading Corporation of Pakistan.
It said: “The provisions of Section 148, in pursuance of the Cabinet Division in case No. 541/30/2020 dated August 04, 2020, not apply on import by the Trading Corporation of Pakistan of 300,000 metric tons of white sugar having PCT heading 1701.9910, 1701.9920, specification B.”
Through S RO 770(I)/2020, it is allowed:
The imported white crystalline sugar, falling in PCT headings 1701.9910 and 1701.9920, shall be chargeable to sales tax under clause (b) of sub-section (1) of section 3 of the Sales Tax Act, 1990, at the rate of one percent; and
The exemption shall be applicable to white crystalline sugar to be imported during the period from 25th August, 2020 to 30th November, 2020 (both days inclusive), as per quantity, quality , mode and manner determined by the Ministry of Commerce and Textile, Government of Pakistan; and
The imported white crystalline sugar falling in PCT headings 1701.9910 and 1701.9920 shall also be exempt from payment of minimum value addition tax as specified in the Twelfth Schedule to the Sales Tax Act, 1990.
Earlier, the FBR issued SRO 751(I)/2020 dated August 20, 2020 to exempt whole of sales tax on import of 300,000 metric tons of white sugar (PCT 1701.9910, 1701.9920, specification B as per PSQCA standards) by Trading Corporation of Pakistan.