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 promotes 114 inspectors to BS-16 Revenue Officers

ISLAMABAD: Federal Board of Revenue (FBR) on Tuesday notified promotion of 114 inspectors of Inland Revenue and Assistant Private Secretaries to the post of Revenue Officers (BS-16) on regular basis with immediate effect.

Following officers have been promoted:

01. Muhammad Aslam, Regional Tax Office (RTO) Rawalpindi

02. Muhammad Arshad, Large Taxpayers Unit (LTU) Islamabad

03. Abbas Jan Muhammad, RTO-II Karachi

04. Muhammad Shakil, Intelligence and Investigation (I&I), IR Karachi

05. Muhabat Ikhlaq, RTO Gujranwala

06. Abdul Rasool Soomro, RTO Hyderabad

07. Liaqat Ali Sahu, RTO Sukkur

08. Niaz Ali Bhan, Internal Audit (IR), Hyderabad

09. Muhammad Rahim Khan, Directorate General I&I IR, Islamabad

10. Muhammad Ashraf, RTO Faisalabad

11. Umar Hayat, RTO Faisalabad

12. Samiullah Khan, RTO Sargodha

13. Muhammad Intezar, RTO Sargodha

14. Javed Iqbal Qureshi, RTO Sargodha

15. Khalid Hayat, RTO Rawalpindi

16. Muhammad Muaaz Khalid, RTO Sargodha

17. Abdul Saleem Tariq, RTO Gujranwala

18. Muhammad Ramzan, RTO Gujranawala

19. Muhammad Ghias Khan, RTO Sialkot

20. Muhammad Nadeem, LTU Lahore

21. Iqtidar Ahmed, LTU Lahore

22. Manstoor Najeeb, RTO-II Lahore

23. Nisar Hussain, Corporate RTO Lahore

24. Malik Riaz Ahmed, Corporate RTO Lahore

25. Abdul Waheed, RTO-II Lahore

26. Tariq Baig, Corporate RTO Lahore

27. Syed Muzaffar Ali Langa, RTO Hyderabad

28. Shafqat Ali Arain, Directorate of Internal Audit IR Karachi

29. Muhammad Aslam Qureshi, RTO Hyderabad

30. Syed Shabbir Ahmed Shah, RTO Hyderabad

31. Abdul Lateef Kerio, RTO Hyderabad

32. Ameer Ali Kerrio, RTO Hyderabad

33. Ghulam Sarwar, Corporate RTO Karachi

34. Muhammad Aslam Chandio, RTO Sukkur

35. Allah Bux Agham, Additional Directorate of Internal Audit IR Sukkur

36. Ghulam Ali Kakepata, RTO Quetta

37. Mardan Ali, RTO Sukkur

38. Pir Naveed Ahmed, RTO Sukkur

39. Jamil Ahmed Soomro, Corporate RTO Karachi

40. Abdul Nabi Khokhar, RTO Sukkur

41. Muhammad Ayub Brohi, RTO Quetta

42. Abdul Khalique Jamali, RTO Hyderabad

43. Ishq Ali Magsi, RTO Sukkur

44. Imamuddin Zardari, RTO Hyderabad

45. Abdul Jabbar Bhutto, RTO-III Karachi

46. Rashid Hussain Soomro, RTO Sukkur

47. Nazir Ali Keerio, RTO Hyderabad

48. Aftab Ahmed Thallo, RTO Quetta

49. Rashid Ahmed Shahani, RTO Sukkur

50. Pir Sharful Haq Qureshi, RTO Hyderabad

51. Hussain Bukksh Shahani, RTO Hyderabad

52. Zulfiqar Ali Jamali, RTO Hyderabad

53. Saleem Ahmed Hakro, RTO Sukkur

54. Muhammad Rafique Magsi, RTO Quetta

55. Sultan Ahmed Magsi, LTU-II, Karachi

56. Mujeeb-ur-Rehman, RTO Sukkur

57. Agha Avais Khan, RTO Sukkur

58. Kashif Ali Shah, Corporate RTO Karachi

59. Muneer Ahmed Brohi, RTO Sukkur

60. Irfan Ali Umrani, RTO Quetta

61. Mujahid Hussain Shah, RTO Sukkur

62. Mazhar Ali Shah, RTO Sukkur

63. Mumtaz Ali Siyal, RTO Sukkur

64. Shafique Ahmed Mengal, RTO Quetta

65. Azhar Ali Bhutto, RTO Sukkur

66. Muhammad Aftab Amin, Corporate RTO Karachi

67. Ambrat Rai Chawla, LTU-II Karachi

68. Tahir Hussain Shah, RTO Sukkur

69. Syed Zaheer Haider Zaidi, LTU Karachi

70. S Q Aijaz ul Haq, RTO Hyderabad

71. Ghulam Muhammad Memon, RTO Hyderabad

72. Ashouk Kumar Rathi, RTO Hyderabad

73. Madad Ali Bhatti, RTO Hyderabad

74. Sarfraz Ali, RTO Bahawalpur

75. Zafar Iqbal, RTO Bahawalpur

76. Muhammad Yamin, RTO Bahawalpur

77. Sajid Hussain, RTO Sahiwal

78. Rao Abdul Qayyum, RTO Bahawalpur

79. Muhammad Hafeez Watto, RTO Bahawalpur

80. Riaz Ahmed, RTO Bahawalpur

81. Mashooq Hussain, RTO Multan

82. Rab Nawaz, I&I IR Multan

83. Abdur Rasheed, RTO Multan

84. Syed Ghulam Mustafa, RTO Sahiwal

85. Irshad Ahmed Bajwa, RTO Sahiwal

86. Muhammad Iqbal, RTO-II Lahore

87. Masood-ul-Hassan, RTO Sahiwal

88. Ahmed Shafique Elahi, RTO Faisalabad

89. Ch. Muhammad Kha, RTO Rawalpindi

90. Syed Ali Atif Jaffary, RTO Rawalpindi

91. Humayun Khan Durrani, RTO Rawalpindi

92. Rao Baber Ali Khan, LTU Islamabad

93. Naseer Ahmed, RTO Peshawar

94. Ms. Salma Sharif, RTO Islamabad

95. Akhtar Mehmood, RTO Islamabad

96. Arshad Mahmood Baig, RTO Islamabad

97. Muhammad Khalid Gill, FBR HQ Islamabad

98. Waqar Haider, RTO Islamabad

99. Altaf Hussain Khan, LTU Islamabad

100. Muhmmad Shomail Aslam Khan Tareen, RTO Islamabad

101. Saqib Faryad Malik, RTO Islamabad

102. Raja Riffat Hayat, RTO Sargodha

103. Ghulam Sarwar Shaikh, Directorate of Internal Audit, Sukkur

104. Ayaz Ali Shaikh, LTU II Karachi

105. Shahanshah Muhammad Yousaf, RTO-II Karachi

106. Ghulam Raza, LTU-II Karachi

107. Salman Qamar, RTO-II Karachi

108. Gain Chand Chawala, RTO-II Karachi

109. Akif Sohail APS, Corporate RTO Lahore

110. Muhammad Jawed, APS, IR Appeals-I Karachi

111. Muhammad Nadeem, APS, I&I IR Karachi

112. Muhamamd Islam, APS, RTO Peshawar

113. Tahir Pervaiz, APS, Corporate RTO Lahore

114. Abdul Khaliq Ch. APS, RTO Islamabad

The FBR said that the promotion would take effect from the date of joining by the officers, subject to the condition that no disciplinary proceedings were pending against them.

April 16, 2019
FBR issues procedure for obtaining NTN, company registration

ISLAMABAD: Federal Board of Revenue (FBR) has issued procedure for getting National Tax Number (NTN) and registration with Securities and Exchange Commission of Pakistan (SECP) through Virtual One Stop Shop (VOSS).

The FBR and SECP have launched a one-window facility for Company incorporation and National Text Number (NTN) registration.

This facility enables companies to be registered with SECP and FBR in one go without having to visit FBR offices or its website.

For the convenience of all stakeholders, the process to be followed is outlined as under:

Step 1- Taxpayer will visit the SECP website (https://www.secp.gov.pk) and complete the company incorporation application as before;

Step 2- As soon as company is incorporated, data of the company and its directors will be forwarded to FBR through an automated web service;

Step 3- FBR system will run an auto-process to verify if all the directors registered taxpayers of FBR. If all the directors are already registered taxpayers, then process will jump to Step 6;

Step 4- If any Director(s) are not registered with FBR, system will automatically register each unregistered director on the basis of data provided by SECP;

Step 5- System will send confirmation email and SMS to each director on successful registration;

Step 6- System will automatically create FBR registration application on behalf of company, process the application and register the company within FBR;

Step 7- System will send confirmation email and SMS to company representative on successful registration;

Step 8- FBR will intimate SECP about registration of Taxpayers within FBR.

The FBR said that the process from Step-3 to Step-8 is totally system-based without any human involvement which will save time and effort of the taxpayer and improve the efficiency of the system.

April 16, 2019
Cabinet to approve money whitening amnesty scheme today

ISLAMABAD: The federal cabinet may consider and approve the new amnesty scheme today which is meant for whitening the ill-gotten money.

The scheme may continue till the end of current fiscal year and it would be offered for domestic and foreign undisclosed assets. The scheme may be prolonged beyond July 2019.

The amnesty would also be offered for gold and cash in bank accounts at different rate of taxes.

After approval from federal cabinet the government would introduce the scheme through promulgation of presidential ordinance and subsequently would approve from the parliament through finance bill.

Many stakeholders are not in favor of giving tax dodgers another opportunity through money whitening scheme as the domestic and international laws are strengthened against tax evasion.

The FBR during the last three months also demonstrated efforts against tax evaders through confiscation of properties and other assets besides arrests in tax evasion.

However, the FBR sources believed that the fear created during the past three months and data gathered regarding businessmen was sufficient to make the amnesty scheme a success.

April 16, 2019
Sales Tax Act 1990: maintaining record for taxable supplies

KARACHI: A person making taxable supplies is required to maintain record of goods and keep at his office for scrutiny by tax officials.
(more…)

April 16, 2019
FBR issues procedure for making payment through internet, ATM, mobile banking

ISLAMABAD: Federal Board of Revenue (FBR) has issued procedure for payment of duty and taxes through alternate delivery channels (ADC) including internet banking, ATM and mobile banking.

The FBR said that it had launched the system of payment of taxes through ADC under which taxpayers would now be able to make payments of federal taxes and duties i.e. income tax, sales tax, customs duty and Federal Excise Duty (FED) from any commercial bank account through internet banking, ATM, mobile banking and contact centers/

Availability of these options will improve the efficiency of the system, provide convenience for taxpayers and improve ease of doing business in Pakistan.

The FBR outlined the process for making payment for the convenience of all stakeholders:

Taxpayer will login to the FBR system (https://e.fbr.gov.pk) and prepared the PSID as before. However, he / she will select the ADC payment mode on the PSID;

Taxpayer will note down the PSID number for further processing;

Taxpayer will login to the online banking system of his/her bank through computer or mobile phone or visit ATM facility. The bill payment screen of the bank shall reflect ‘FBR’ as biller. The taxpayer shall click the option ‘FBR’. The bank/ATM screen shall require the taxpayer to enter the PSID number. The screen will appear for making payment to FBR.

By entering PSID, the payment details shall be visible to the taxpayer for approval of the payment of taxes. Upon confirmation, the bank account of taxpayer shall be debited and a message of successful transaction shall be visible on the screen;

Within three hours of confirmation, the payment will be marked as paid. A CPR will be provided to the taxpayer through e-mail and confirmation message sent on SMS. At the same time CPR will be available on FBR system for further use.

April 16, 2019
Sales Tax Act 1990: Invoice issued by suspended taxpayers not to be entertained for refund, input adjustment

KARACHI: Any invoice issued by a person, who is suspended or black listed by tax authorities, may not be acceptable for refund claim or input adjustment by another registered person.

According to updated Sales Tax Act, 1990 issued by Federal Board of Revenue (FBR), the Section 21 of the Act explained the de-registration, blacklisting and suspension of sales tax registration.

Section 21: De-registration, blacklisting and suspension of registration.

Sub-Section (1): The Board (FBR) or any officer, authorized in this behalf, may subject to the rules, de-register a registered person or such class of registered persons not required to be registered under this Act.

Sub-Section (2): Notwithstanding anything contained in this Act, in cases where the Commissioner is satisfied that a registered person is found to have issued fake invoices or has otherwise committed tax fraud, he may blacklist such person or suspend his registration in accordance with such procedure as the Board may by notification in the official Gazette, prescribe.

Sub-Section (3): During the period of suspension of registration, the invoices issued by such person shall not be entertained for the purposes of sales Tax refund or input tax credit, and once such person is black listed, the refund or input tax credit claimed against the invoices issued by him, whether prior or after such black listing, shall be rejected through a self-speaking appealable order and after affording an opportunity of being heard to such person.

Sub-Section (4): Notwithstanding anything contained in this Act, where the Board, the concerned Commissioner or any officer authorized by the Board in this behalf has reasons to believe that a registered person is engaged in issuing fake or flying invoices, claiming fraudulent input tax or refunds, does not physically exist or conduct actual business, or is committing any other fraudulent activity, the Board, concerned Commissioner or such Officer may after recording reasons in writing, block the refunds or input tax adjustments of such person and direct the concerned Commissioner having jurisdiction for further investigation and appropriate legal action.

April 15, 2019
Procedure to get WeBOC registration for online customs access

KARACHI: Federal Board of Revenue (FBR) has issued procedure to get registration for WeBOC in order to access the Customs online system for consignment clearance.

According to the procedure, a person is required to submit an application to Deputy/Assistant Collector WeBOC User-ID Section, along with supportive/required documents.

For the registration personal appearance of applicant before Deputy / Assistant Collector User-ID Section is mandatory with original CNIC.

The customs staff will take digital picture and thumb impression of the applicant upon personal appearance.

The customs authorities may visit of the business premises (wherever required) as mentioned by the applicant.

After thorough verification the customs authorities may accept or reject the application.

On acceptance of the application the customs authorities to create User-ID and issue Login-ID and automatic sending of computer generated password to the applicant through email.

For the WeBOC registration following details would be required:

NTN Number *

STRN *

Business Name *

Business Address *

Contact Person Name *

Contact Person CNIC *

Phone Number 1*

Phone Number 2

Fax Number

Cell Number*

Contact Person Email id *

Bank Name

Branch City

Branch Name

Account Number

License Number

Collectorate

Warehouse (In case of Warehouse)

Shipping Line Type (In case of Shipping Line)

Location (In case of Terminal Operator)

April 15, 2019
FBR suspends zero rating on electricity to textile unit

ISLAMABAD: Federal Board of Revenue (FBR) has suspended sales tax zero rating allowed to a textile unit on consumption of electricity.

The FBR issued Sales Tax General Order (STGO) No. 51 of 2019 and suspended sales tax zero rating under SRO 1125(I)/2011 dated December 31, 2011 of Habib Fabric Private Limited.

The zero rating of the taxpayers has been suspended on the recommendation of Regional Tax Office (RTO) Faisalabad.

The FBR directed Chief Commissioner RTO Faisalabad to coordinate with power supply company to implement the normal tax rate. The RTO has also been asked to submit report in respect of action taken/recovery made for misuse of the facility.

The FBR also asked Faisalabad Electric Supply Company (FESCO) to start charging sales tax on the supply of electricity in respect of the said consumer with immediate effect (April 10, 2019).

April 14, 2019
FBR may redefine motor vehicle for withholding tax collection

KARACHI: Federal Board of Revenue (FBR) to recommend the government to redefine withholding tax on motor vehicles to bring construction and heavy vehicles into tax net.

The FBR sources said that the FBR may propose amendment to Section 231B(7) of Income Tax Ordinance, 2001.

This section presently defined motor vehicle, including car, jeep, van, sports, utility vehicle, pick up trucks for private use, caravan automobile, limousine, wagon and any other automobile used for private purpose.

The proposed amendment to section is:

“Motor vehicle includes car ,jeep, van, sports, utility vehicle, pick up trucks for private use, caravan automobile , limousine , wagon and any other automobile used for private purpose, any mechanically propelled vehicle adapted for use upon roads whether the powers of propulsion in transmitted thereto from an external or internal source, and includes a chassis to which a body has not been attached, a tractor and a trailer, a combined harvester, a rig, a fork lifter a road roller, construction and earth moving machinery such as a wheel loader, a crane, an excavator, a grader, a dozer and a pipe layer, a road making and road/sewerage cleaning plant and any other motor vehicle as defined under provincial Motor Vehicles Ordinance 1965 and any other law.”

April 14, 2019
Sales Tax Act 1990: persons required to get registration

KARACHI: All the persons engaged in making taxable supplies are required to get sales tax registration.

According to updated Sales Tax Act, 1990 issued by Federal Board of Revenue (FBR), the Section 14 of the Act, explained the requirement of registration.

Section 14: Registration

Sub-Section (1): Every person engaged in making taxable supplies in Pakistan, including zero-rated supplies, in the course or furtherance of any taxable activity carried on by him, falling in any of the following categories, if not already registered, is required to be registered under this Act, namely:-

(a) a manufacturer who is not running a cottage industry;

(b) a retailer who is liable to pay sales tax under the Act or rules made thereunder, excluding such retailer required to pay sales tax through his electricity bill under sub-section (9) of section 3;

(c) an importer;

(d) an exporter who intends to obtain sales tax refund against his zero-rated supplies;

(e) a wholesaler, dealer or distributor; and

(f) a person who is required, under any other Federal law or Provincial law, to be registered for the purpose of any duty or tax collected or paid as if it were a levy of sales tax to be collected under the Act.

Sub-Section (2): Persons not engaged in making of taxable supplies in Pakistan, if required to be registered for making imports or exports, or under any provisions of the Act, or any other Federal law, may apply for registration.

Sub-Section (3): The registration under this Act shall be regulated in such manner as the Board may, by notification in the official Gazette, prescribe.

April 14, 2019