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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 extends sales tax return filing date up to May 15

    FBR extends sales tax return filing date up to May 15

    ISLAMABAD: Federal board of Revenue (FBR) on Thursday announced relief in sales tax return filing of last three months due to outbreak of coronavirus and lockdown in the country.

    The FBR issued a notification allowing taxpayers to make payment of sales tax and federal excise duty up to May 12, 2020 for the months January, February and March 2020.

    Further, the taxpayers have been allowed to file sales tax and federal excise monthly returns up to May 15, 2020 for the months January, February and March 2020.

    The FBR has been extending the date in order to facilitate the taxpayers to discharge their liabilities. However, cases of coronavirus were reported in February and subsequently lockdown was imposed in March, which resulted in halt of business activities.

  • FBR extends date to submit stock position up to May 15 for claiming refunds

    FBR extends date to submit stock position up to May 15 for claiming refunds

    ISLAMABAD: Federal Board of Revenue (FBR) on Thursday allowed taxpayers to submit their stock position for the period July– November 2019 up to May 15, 2020 in order to claim sales tax refunds under newly only verification and issuance system.

    In an official memorandum issued, the FBR extended the time limit for filing of Annexure – H for the tax period July – November 2019 up to May 15, 2020.

    Annexure-H is a statement for providing stock position by taxpayers along with monthly sales tax return.

    The FBR from July 01, 2019 introduced expeditious payment of sales tax refunds within 72 hours subject to the true filing of Annexure – H.

    As per the Rules, refund will be treated as having been filed only after filing of Annexure H of the Sales Tax return, for which deadline of 120 days has been prescribed in the Rules and the same can be extended for a period of 60 days on the basis of approval from the Commissioner.

  • FBR notifies transfers of 11 senior customs officers of BS-20-21

    FBR notifies transfers of 11 senior customs officers of BS-20-21

    ISLAMABAD: Federal Board of Revenue (FBR) on Thursday announced transfers of senior customs officers of BS-20 and BS-21 with immediate effect and until further orders.

    Following officers of Pakistan Customs Service (PCS) have been transferred:

    01. Muhammad Zahid (Pakistan Customs Service/BS-21) has been transferred and posted as Director General, Directorate General of Transit Trade, Karachi from the post of Director General, Directorate General of Intelligence & Investigation, FBR, Islamabad.

    02. Abdul Rashid Sheikh (Pakistan Customs Service/BS-21) has been transferred and posted as Director General, Directorate General of Intelligence & Investigation, FBR, Islamabad from the post of Director General, Directorate General of Post Clearance Audit & Internal Audit, Karachi.

    03. Sarfraz Ahmad Warraich (Pakistan Customs Service/BS-21) has been transferred and posted as Member, Federal Board of Revenue (Hq), Islamabad from the post of Director General, Directorate General of Transit Trade, Karachi.

    04. Ms. Zeba Hai Azhar (Pakistan Customs Service/BS-21) has been transferred and posted as Director General, Directorate General of Training & Research (Customs), Karachi from the post of Chief Collector, Customs Enforcement (Central), Lahore.

    05. Wasif Ali Memon (Pakistan Customs Service/BS-21) has been transferred and posted as Director General, Directorate General of Post Clearance Audit & Internal Audit, Karachi from the post of Chief Collector, Customs Enforcement (South), Karachi. The officer is also assigned the additional charge of the post of Director General, Risk Management, Karachi till the posting of a regular incumbent.

    06. Abdul Basit Chaudhry (Pakistan Customs Service/BS-21) has been transferred and posted as Member, Federal Board of Revenue (Hq), Islamabad from the post of Director General, Directorate General of Input Output Coefficient Organization, Karachi.

    07. Dr. Zulfikar Ali Chaudhary (Pakistan Customs Service/BS-21) has been transferred and posted as Director General, Directorate General of Customs Valuation, Karachi from the post of Chief Collector, Customs, Balochistan, Quetta.

    08. Faiz Ahmad (Pakistan Customs Service/BS-21) has been transferred and posted as Chief Collector Customs Enforcement (Central), Lahore from the post of Director General, Directorate General of Training & Research (Customs), Karachi.

    09. Dr. Saifuddin Junejo (Pakistan Customs Service/BS-21) has been transferred and posted as Chief Collector, Customs Enforcement (South), Karachi from the post of Collector, Model Customs Collectorate of Exports (Port Muhammad Bin Qasim), Karachi.

    10. Dr Samina Taslim Zehra (Pakistan Customs Service/BS-21) has been transferred and posted as Director General, Directorate General of Input Output Coefficient Organization, Karachi from the post of Director, Directorate of Input Output Coefficient Organization (South), Karachi.

    11. Muhammad Aamer (Pakistan Customs Service/BS-20) has been transferred and posted as Chief Collector (OPS), Customs, Balochistan, Quetta has been transferred and posted as Chief, Federal Board of Revenue (Hq), Islamabad.

    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.

  • FBR transfers 17 senior IRS officers of BS-20-21

    FBR transfers 17 senior IRS officers of BS-20-21

    ISLAMABAD: Federal Board of Revenue (FBR) on Thursday transferred and posted 17 officers of BS-20 and BS-21 of Inland Revenue Service (IRS) with immediate effect until further orders.

    Following officers have been transferred and posted:

    01. Dr. Ashfaq Ahmad Tunio (Inland Revenue Service/BS-21) has been transferred and posted as Chief Commissioner Inland Revenue Large Taxpayers Unit, Lahore from the post of Member, Federal Board of Revenue (Hq), Islamabad.

    02. Ms. Seema Shakil (Inland Revenue Service/BS-21) has been transferred and posted as Member, Federal Board of Revenue (Hq), Islamabad (Stationed at Karachi) from the post of Member, (IR-Operations) Federal Board of Revenue (Hq), Islamabad.

    03. Dr. Faiz Illahi Memon (Inland Revenue Service/BS-21) has been transferred and posted as Member, (Admn) Federal Board of Revenue (Hq), Islamabad from the post of Chief Commissioner, Large Taxpayers Unit, Karachi.

    04. Syed Nadeem Hussain Rizvi (Inland Revenue Service/BS-21) has been transferred and posted as Member, (IR-Operations) Federal Board of Revenue (Hq), Islamabad from the post of Member, (TPA) Federal Board of Revenue (Hq), Islamabad.

    05. Asim Majid Khan (Inland Revenue Service/BS-21) has been transferred and posted as Director General, (Retail) Federal Board of Revenue (Hq), Islamabad from the post of Chief Commissioner, Large Taxpayers Unit, Lahore. The officer is also assigned the additional charge of the post of Director General (WHT), FBR (HQ), Islamabad till the posting of a regular incumbent.

    06. Dr. Lubna Ayub (Inland Revenue Service/BS-21) has been transferred and posted as Member, Federal Board of Revenue (Hq), Islamabad (Stationed at Karachi) from the post of Chief Commissioner, Regional Tax Office, Hyderabad.

    07. Abdul Hameed Memon (Inland Revenue Service/BS-21) has been transferred and posted as Chief Commissioner Inland Revenue Large Taxpayers Unit-II, Karachi from the post of Director General, (Retail) Federal Board of Revenue (Hq), Islamabad.

    08. Sajidullah Siddiqui (Inland Revenue Service/BS-21) has been transferred and posted as Chief Commissioner Inland Revenue Corporate Regional Tax Office, Karachi from the post of Commissioner, Inland Revenue (Appeals-II), Karachi.

    09. Badruddin Ahmad Quraishi (Inland Revenue Service/BS-21) has been transferred and posted as Chief Commissioner Inland Revenue Large Taxpayers Unit, Karachi from the post of Chief Commissioner, Regional Tax Office II, Karachi.

    10. Bakhtiar Muhammad (Inland Revenue Service/BS-21) has been transferred and posted as Member, (FATE) Federal Board of Revenue (Hq), Islamabad from the post of Member , Federal Board of Revenue (Hq), Islamabad with additional charge of Chief (IR-Operations-I), FBR (HQ), Islamabad.

    11. Mohammad Qasim Samad Khan (Inland Revenue Service/BS-21) has been transferred and posted as Member, (TPA) Federal Board of Revenue (Hq), Islamabad from the post of Member, Federal Board of Revenue (Hq), Islamabad.

    12. Ms. Ambreen Iftikhar (Inland Revenue Service/BS-21) has been transferred and posted as Member, (HRM) Federal Board of Revenue (Hq), Islamabad from the post of Member, Federal Board of Revenue (Hq), Islamabad. The officer shall assume charge after superannuation of Mian Saeed Iqbal (IRS/BS-22) w.e.f 12.05.2020.

    13. Dr. Aftab Imam (Inland Revenue Service/BS-21) has been transferred and posted as Chief Commissioner Inland Revenue Regional Tax Office, Quetta from the post of Chief Commissioner, Corporate Regional Tax Office, Karachi.

    14. Dr. Tauqeer Ahmad Memon (Inland Revenue Service/BS-21) has been transferred and posted as Chief Commissioner Inland Revenue Regional Tax Office, Hyderabad from the post of Chief Commissioner, Regional Tax Office, Sukkur.

    15. Shahid Iqbal Baloch (Inland Revenue Service/BS-21) has been transferred and posted as Member, Federal Board of Revenue (Hq), Islamabad (Stationed at Karachi) from the post of Chief Commissioner-IR, Large Taxpayers Unit-II, Karachi.

    16. Syed Syedain Raza Zaidi (Inland Revenue Service/BS-20) has been transferred and posted as Chief Commissioner Inland Revenue (OPS) Regional Tax Office II, Karachi from the post of Commissioner, Inland Revenue (Appeals-III), Karachi.

    17. Mohammad Farooq Azam Memon (Inland Revenue Service/BS-20) has been transferred and posted as Chief Commissioner Inland Revenue Regional Tax Office, Sukkur from the post of Commissioner, Inland Revenue (Appeals), Hyderabad.

    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.

    All above listed officers are requested to Relinquish/Assume charge, using online HRMS facility made available to FBR or by using their IJP logins.

  • FBR allows input tax adjustment to retailers

    FBR allows input tax adjustment to retailers

    ISLAMABAD: Federal Board of Revenue (FBR) on Wednesday allowed input adjustment of sales tax to Tier-1 retailers.

    The FBR issued SRO 344(I)/2020 to amend SRO 1190(I)/2019 dated October 02, 2019.

    The FBR allowed 95 percent input adjustment against output tax.

    The FBR through SRO 1190(I)/2019 issued fresh list of sectors to allow input adjustment by amending the Section 8B of Sales Tax Act, 1990.

    The following sectors were allowed input adjustment and refunds:

    1. Persons registered in electrical energy sector.
    2. Oil marketing companies and petroleum refineries.
    3. Fertilizers manufacturers.
    4. Persons making zero-rated supplies, including exports, provided that value of such supplies exceeds 50 percent of value of all taxable supplies in a tax period.
    5. Distributors.
    6. Gas distribution companies.
    7. Telecommunication services.
    8. Pakistan Steel, Bin Qasim, Karachi.
    9. Registered persons other than manufacturers, making supplies of items covered under the Third Schedule to the Sales tax Act, 1990, on which sales tax has been paid by the manufacturer or importer on retail price, provided that value of such supplies exceeds 80 percent of value of all taxable supplies in a tax period.
    10. Commercial importers where value of import subject to 3 percent value addition as prescribed in Twelfth Schedule to the Act exceeds 50 percent of value of all taxable purchases, including imports, in a tax period.
  • Coronavirus infects 23 FBR officials

    Coronavirus infects 23 FBR officials

    KARACHI: At least 23 tax officials posted at Regional Tax Office (RTO) Quetta have been tested positive for coronavirus.

    A senior official of RTO Quetta confirmed that officials had been tested positive for coronavirus.

    The official said that initially 14 officials were infected with the virus. Further tests increased the number to 23. More, tests are underway.

    The RTO Quetta was sealed after the identification of cases last week. However, the office was resumed with limited staff approximately five percent of workforce.

    The Federal Board of Revenue (FBR) decided to conduct tests of all the officials at the regional office.

    The FBR recently issued precautionary measures for the prevention from COVID-19. However, the officials are not following the guidelines. The FBR has made it mandatory for all the officials to use face masks and sanitizers.

  • FBR explains sealing of export TP cargo though Railways

    FBR explains sealing of export TP cargo though Railways

    KARACHI: Federal Board of Revenue (FBR) has issued procedure of sealing of export cargo under transshipment transported by Pakistan Railways.

    Sealing at focal points (Entry) for transshipment containers and dry port export cargo containers transported by Pakistan railways:

    I. The Custom Agent/carrier will lodge the TP application/ declaration in the Custom Facilitation Centre/ Transshipment Section of concerned Directorate of Transit Trade or electronically. After getting the delivery of the container, the Customs Agent/carrier will load the container on the Railways rolling stock/flat bed unit.

    II. After loading, the railway staff will inform PCCSS at relevant Focal Point Entry giving container numbers.

    III. The PCCSS officer will take the designated machine readable seal and check it for any defect. The bar code on the seal will be scanned by using the bar code reader, and in case bar code is accepted, Transport Note (single copy) in Form-A will be printed. In case the bar code is not validated, the defective seal will be returned to the box and a new seal number will be issued by the computer.

    IV. Once the input operation for all the containers to be sealed is completed, the PCCSS officer will collect the designated and validated seals and accompany the railways staff to the train alongwith the Transport notes.

    V. The PCCSS officer will place the, seal on the available slot on the door, making sure the correct number is placed on the correct container and that the container numbers correspond to the serial number of the bogie they are placed on.

    VI. The Transport Note (Form-A) will be handed over to the driver/supervisor/railway official of the Transport Unit to be carried with the Transport Unit en route.

    VII. In case the Transport Unit meets an accident en route or there is sufficient ground to believe that there is pilferage, replacement or substitution of ‘goods, the driver/carrier’s agent, or any enforcement unit of Customs, or the Collectorate of jurisdiction, ‘or any other person will inform the Incharge PCCSS, Special Checking Squads or any focal point. After checking veracity of the information, the Special Checking Squads or focal point, as the case may be, will inform the Incharge PCCSS through fax on Form-D and also on line immediately. The Incharge PCCSS will immediately record the discrepancy in register Form-C and may order stoppage of such Transport Unit and/or order any such action as deemed appropriate.

  • NA approves harsh penalties for manufacturers, retailers for obstructing tax monitoring

    NA approves harsh penalties for manufacturers, retailers for obstructing tax monitoring

    ISLAMABAD: The National Assembly has approved the law for imposition of harsh fine and penalties upon manufacturers and retailers for obstructing tax authorities in monitoring business activities.

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  • FBR notifies zero percent sales tax on services for construction industry

    FBR notifies zero percent sales tax on services for construction industry

    ISLAMABAD: Federal Board of Revenue (FBR) on Monday notified sales tax on service at zero percent for construction industry as part of incentives announced by the prime minister for construction sector.

    The FBR issued SRO 326(I)/2020 to amend Islamabad Capital Territory (Tax Services) Ordinance 2001, to reduce the sales tax on services at zero percent from five percent.

    The FBR said that services provided by property developers and promoters (including allied services) relating to low-cost housing schemes sponsored or approved by Naya Pakistan Housing and Development Authority or under Government’s Ehsaas program, the rate of tax shall be zero percent subject to the condition that no input tax adjustment or refund shall be admissible.

  • FBR exempts capital gain tax on sale of immovable properties

    FBR exempts capital gain tax on sale of immovable properties

    KARACHI: Federal Board of Revenue (FBR) has exempted capital gain tax on sale of immovable property under Tax Laws (Amendment) Ordinance, 2020.

    A new clause (114AA) has been inserted in Part I of the Second Schedule to the Ordinance, whereby exemption from tax on capital gains has been provided to a resident individual on sale of constructed residential property (a house having land area up to 500 square yards and a flat having an area up to 4000 square feet) used only for personal accommodation by the said individual, his spouse or dependents and for which any of the utility bills are issued in the name of such individual.

    The exemption shall not apply if it has been previously availed by such persons.

    No amendment has been, however, made in section 236C of the Ordinance, which implies that sale of the above properties will remain subject to collection of advance tax at 1% of sale consideration, unless the seller obtains an exemption certificate from the Commissioner.

    As per current provisions, capital gains on disposal of constructed property whose holding period exceeds four years is zero rated. Furthermore, in case such property is sold within one year of holding period, the amount of advance tax collected under section 236C at 1 percent of sale consideration is treated as minimum tax. It, therefore, appears that the purpose of this amendment is to provide an exemption from tax on capital gains on disposal of such constructed properties, which are held for less than four years.