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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 lodges FIR against Shaheen Air for tax fraud

    FBR lodges FIR against Shaheen Air for tax fraud

    KARACHI: Federal Board of Revenue (FBR) has lodged First Information Report (FIR) against Shaheen Air International Limited for committing tax fraud to the tune of Rs 1 billion.

    According to a copy of FIR made available to PkRevenue.com, the registered person has committed tax fraud as defined under section 2(37) of Sales Tax Act, 1990 in contravention to Section 11 (1) and 11 (4A) of the Sales Tax Act, 1990 read with the Sales Tax General Order No. 03 of 2004, dated June 12, 2004 and Section 4, 14 and 19 (1) of the Federal Excise Act, 2005 read with sub-rule 9 of the rule 41A, 47 and 60(1)(2)(3)(4) Table II etc.

    The registered person M/s. Shaheen Air International (Pvt) Limited has failed to deposit government revenues, which the payment has collected / withheld from various passengers / travelers who opted to travel through the defrauder’s airline and has committed tax fraud within the maning and scope of tax laws.

  • RTO Karachi recommends revival of minimum tax for commercial importers in budget 2019/2020

    RTO Karachi recommends revival of minimum tax for commercial importers in budget 2019/2020

    KARACHI: Regional Tax Office (RTO) – II Karachi has recommended revival of minimum tax regime for commercial importers in the budget 2019/2020.

    According to budget proposals sent to Federal Board of Revenue (FBR), the RTO-II Karachi recommended that Final Tax Regime for commercial importers should be withdrawn as it was creating distortion in the taxation system.

    Sources said the FBR had been asked that the scope of Minimum Tax Regime (MTR) should be extended to commercial importers under Section 148 of the Income Tax Ordinance 2001 and for of goods under Section 153(I) and execution of contracts under section 153(1)(c) and Section 233 of the ordinance.

    The RTO-II said that presently, the entire FTR sector, especially the commercial importers (by paying more six percent of tax), are at liberty to declare imputable income of their choice to explain assets or expenses.

    This provision would bring them at par with other taxpayers, who do not enjoy this luxury, the FBR informed.

    The RTO-II Karachi proposed concept of imputable income from FTR receipts: Section 169(4) which was ommitted through Finance Act 2004 may be re-incorporated in law.

    This proposals should be made part of the budget in order to discourage those taxpayers who take undue benefit of provisions of law related to final tax regime and whiten those assets / incomes as well which are not from FTR recipts.

  • Sales Tax Act 1990: exemption on domestic supplies, imports

    Sales Tax Act 1990: exemption on domestic supplies, imports

    KARACHI: The government has allowed exemption on supply of goods and import of goods falling in the Sixth Schedule of Sales Tax Act, 1990.

    Section 13 of updated Sales Tax Act, 1990 issued by Federal Board of Revenue (FBR), explained the exemptions on domestic supplies and imported goods.

    Section 13: Exemption

    Sub-Section (1): Notwithstanding the provisions of section 3, supply of goods or import of goods specified in the Sixth Schedule shall, subject to such conditions as may be specified by the Federal Government, be exempt from tax under this Act.

    Sub-Section (2): Notwithstanding the provisions of sub-section (1) –

    (a) the Federal Government may, whenever circumstances exist to take immediate action for the purposes of national security, natural disaster, national food security in emergency situations, protection of national economic interests in situations arising out of abnormal fluctuation in international commodity prices, removal of anomalies in taxes, development of backward areas and implementation of bilateral, multilateral agreements and matters relating to international financial institutions or foreign government-owned financial institutions by notification in the official Gazette, exempt any taxable supplies made or import or supply of any goods or class of goods, from the whole or any part of the tax chargeable under this Act, subject to the conditions and limitations specified therein;

    Sub-Section (3): The exemption from tax chargeable under sub-section (2) may be allowed from any previous date specified in the notification issued under clause (a).

    Sub-Section (4): omitted

    Sub-Section (5): omitted

    Sub-Section (6): The Board shall place before the National Assembly all notifications issued under this section in a financial year.

    Sub-Section (7): Any notification issued under sub-section (2), after 1st July, 2015 shall, if not earlier rescinded, stand rescinded on the expiry of the financial year in which it was issued:

    Provided that all such notifications, except those earlier rescinded, shall be deemed to have been in force with effect from the 1st July, 2016 and shall continue to be in force till the 30th June, 2018, if not earlier rescinded:

    Provided further that all notifications issued on or after the first day of July, 2016 and placed before the National Assembly as required under sub-section (6) shall continue to be in force till thirtieth day of June, 2018, if not earlier rescinded by the Federal Government or the National Assembly.

  • FBR announces major reshuffle; transfers 41 customs officers of BS-17-18

    FBR announces major reshuffle; transfers 41 customs officers of BS-17-18

    ISLAMABAD: Federal Board of Revenue (FBR) on Friday announced major reshuffle in Pakistan Customs Service (PCS) and transferred and posted 41 officers of BS17 and BS-18 with immediate effect and until further order.

    The FBR notified transfers and postings of following officers:

    01. Ms. Tayyaba Bukhari (Pakistan Customs Service/BS-18) has been transferred and posted as Deputy Collector, Model Customs Collectorate of Appraisement, Lahore from the post of Deputy Director, Directorate of Input Output Coefficient Organization (North), Lahore.

    02. Khaldun Ul Haq (Pakistan Customs Service/BS-18) has been transferred and posted as Deputy Collector, Model Customs Collectorate, Gilgit-Baltistan from the post of Deputy Director, Directorate General of Intelligence & Investigation, FBR, Islamabad.

    03. Mohammad Rehan Akram (Pakistan Customs Service/BS-18) has been transferred and posted as Deputy Collector, Model Customs Collectorate of Appraisement, Lahore from the post of Deputy Director, Directorate of Reforms and Automation (Customs), Karachi.

    04. Muhammad Azam (Pakistan Customs Service/BS-18) has been transferred and posted as Deputy Director, Directorate General of Transit Trade, Karachi from the post of Deputy Director, Directorate of Intelligence & Investigation-FBR, Quetta.

    05. Ms. Nazia Saleem (Pakistan Customs Service/BS-18) has been transferred and posted as Deputy Collector, Model Customs Collectorate, Islamabad from the post of Deputy Collector, Model Customs Collectorate of Appraisement, Lahore.

    06. Wahaj Saghir (Pakistan Customs Service/BS-18) has been transferred and posted as Deputy Collector, Model Customs Collectorate, Gilgit-Baltistan from the post of Deputy Director, Directorate General of Transit Trade, Karachi.

    07. Asfand Yar Khan (Pakistan Customs Service/BS-18) has been transferred and posted as Deputy Director, Strategic Control Division, Ministry of Foreign Affairs, Islamabad from the post of Deputy Collector, Model Customs Collectorate, Gilgit-Baltistan

    08. Abdul Qudoos (Pakistan Customs Service/BS-18) has been transferred and posted as Deputy Collector, Model Customs Collectorate of Preventive, Quetta from the post of Deputy Director, Directorate General of Customs Valuation, Karachi.

    09. Ms. Sadia Usman (Pakistan Customs Service/BS-18) has been transferred and posted as Deputy Director, Directorate of Intelligence & Investigation,FBR, Rawalpindi from the post of Deputy Collector, Model Customs Collectorate, Islamabad

    10. Tariq Mashkoor (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 Director, Directorate of Input Output Coefficient Organization (South), Karachi.

    11. Nawabzada Kamran Khan Jogezai (Pakistan Customs Service/BS-17) has been transferred and posted as Deputy Director, (OPS) Directorate General of Post Clearance Audit, Islamabad from the post of Deputy Director, (OPS) Directorate General of Internal Audit (Customs), Islamabad.

    12. Ms. Maryam Khalid (Pakistan Customs Service/BS-17) has been transferred and posted as Assistant Collector, Model Customs Collectorate, Islamabad from the post of Deputy Director, (OPS) Strategic Control Division, Ministry of Foreign Affairs, Islamabad.

    13. Ghulam Muhammad (Pakistan Customs Service/BS-17) has been transferred and posted as Deputy Director, (OPS) Directorate General of Customs Valuation, Karachi from the post of Deputy Collector, (OPS) Model Customs Collectorate of Exports (Port Muhammad Bin Qasim), Karachi.

    14. Malik Muhammad Ahmed (Pakistan Customs Service/BS-17) has been transferred and posted as Assistant Collector, Model Customs Collectorate, Gwadar from the post of Assistant Collector, Model Customs Collectorate of Port Muhammad Bin Qasim, Karachi.

    15. Muhammad Ibrahim (Pakistan Customs Service/BS-18) has been transferred and posted as Deputy Collector, Model Customs Collectorate of Appraisement, Quetta from the post of Deputy Collector, Model Customs Collectorate, Quetta.

    16. Asim Rehman (Pakistan Customs Service/BS-18) has been transferred and posted as Deputy Collector, Model Customs Collectorate of Preventive, Quetta from the post of Deputy Collector, Model Customs Collectorate, Quetta.

    17. Muhammad Faisal (Pakistan Customs Service/BS-18) has been transferred and posted as Deputy Collector, MCC of JIAP, Karachi from the post of Deputy Collector, Model Customs Collectorate of Preventive, Karachi.

    18. Junaid Mahmood (Pakistan Customs Service/BS-18) has been transferred and posted as Deputy Collector, Model Customs Collectorate of Appraisement, Quetta from the post of Deputy Collector, Model Customs Collectorate, Quetta.

    19. Dr. Tahir Iqbal Khattak (Pakistan Customs Service/BS-18) has been transferred and posted as Deputy Collector, Model Customs Collectorate of Appraisement, Peshawar from the post of Deputy Collector, Model Customs Collectorate, Peshawar.

    20. Imran Afzal (Pakistan Customs Service/BS-18) has been transferred and posted as Deputy Collector, MCC of JIAP, Karachi from the post of Deputy Collector, Model Customs Collectorate of Preventive, Karachi.

    21. Maqbool Ahmad (Pakistan Customs Service/BS-17) has been transferred and posted as Deputy Collector, (OPS) Model Customs Collectorate of Appraisement, Quetta from the post of Deputy Collector, (OPS) Model Customs Collectorate, Quetta.

    22. Najeeb Arjumand (Pakistan Customs Service/BS-17) has been transferred and posted as Deputy Collector, (OPS) Model Customs Collectorate of Preventive, Peshawar from the post of Deputy Collector, (OPS) Model Customs Collectorate, Peshawar.

    23. Waseem Feroz (Pakistan Customs Service/BS-17) has been transferred and posted as Assistant Collector, MCC of JIAP, Karachi from the post of Assistant Collector, Model Customs Collectorate of Preventive, Karachi.

    24. Shah Faisal (Pakistan Customs Service/BS-17) has been transferred and posted as Assistant Collector, Model Customs Collectorate of Preventive, Quetta from the post of Assistant Collector, Model Customs Collectorate, Quetta.

    25. Syeda Sadaf Ali Shah (Pakistan Customs Service/BS-17) has been transferred and posted as Assistant Collector, Model Customs Collectorate of Appraisement, Peshawar from the post of Assistant Collector, Model Customs Collectorate, Peshawar.

    26. Asma Javed Paracha (Pakistan Customs Service/BS-17) has been transferred and posted as Assistant Collector (Prob), Model Customs Collectorate of Appraisement, Peshawar from the post of Assistant Collector (Prob), Model Customs Collectorate, Peshawar.

    27. Akmal Shahzad (Pakistan Customs Service/BS-17) has been transferred and posted as Assistant Collector, Model Customs Collectorate of Appraisement, Quetta from the post of Assistant Collector, Model Customs Collectorate, Quetta.

    28. Sajid Khan (Pakistan Customs Service/BS-17) has been transferred and posted as Assistant Collector (Prob), Model Customs Collectorate of Preventive, Peshawar from the post of Assistant Collector (Prob), Model Customs Collectorate, Peshawar.

    29. Rana Umair Arshad (Pakistan Customs Service/BS-17) has been transferred and posted as Assistant Collector (Prob), Model Customs Collectorate of Preventive, Quetta from the post of Assistant Collector (Prob), Model Customs Collectorate, Quetta.

    30. Nadeem Ahmed (SuperintendentC/BS-17) on promotion has been transferred and posted as Assistant Director, Directorate General of Customs Valuation, Karachi from the post of Superintendent, Large Taxpayers Unit, Karachi.

    31. Mumtaz Khan (SuperintendentC/BS-17) on promotion has been transferred and posted as Assistant Director, Directorate of Intelligence & Investigation, FBR, Peshawar from the post of Superintendent, Model Customs Collectorate, Peshawar.

    32. Muhammad Nazarul Hassan (SuperintendentC/BS-17) on promotion has been transferred and posted as Assistant Director, Directorate of Input Output Coefficient Organization (South), Karachi from the post of Superintendent, Large Taxpayers Unit, Karachi.

    33. Muhammad Zahid Khan (SuperintendentC/BS-17) on promotion Assistant Director, Directorate of Transit Trade, Peshawar from the post of Superintendent, Model Customs Collectorate, Peshawar.

    34. Muhammad Javed Mehmood (SuperintendentC/BS-17) on promotion has been transferred and posted as Assistant Director, Directorate of IPR Enforcement (Central), Lahore from the post of Superintendent, Model Customs Collectorate, Faisalabad.

    35. Muzaffar Ali Rizvi (PAC/BS-17) on promotion has been transferred and posted as Assistant Collector, Model Customs Collectorate of Port Muhammad Bin Qasim, Karachi from the post of Principal Appraiser, Model Customs Collectorate of Appraisement (East), Karachi.

    36. Israr Hussain (PAC/BS-17) on promotion has been transferred and posted as Assistant Collector, Model Customs Collectorate, Islamabad from the post of Principal Appraiser, Model Customs Collectorate, Islamabad.

    37. Syed Shahid Hussain Rizvi (PAC/BS-17) on promotion has been transferred and posted as Assistant Director, Directorate General of Transit Trade, Karachi from the post of Principal Appraiser, Model Customs Collectorate, Gwadar.

    38. Riaz Hussain Bhatti (PAC/BS-17) on promotion has been transferred and posted as Assistant Director, Directorate of Post Clearance Audit, Lahore from the post of Principal Appraiser, Model Customs Collectorate of Appraisement, Lahore.

    39. Saleem Yosuf (PAC/BS-17) on promotion has been transferred and posted as Assistant Collector, Model Customs Collectorate of Exports, Custom House, Karachi from the post of Principal Appraiser, Directorate of Intelligence & Investigation, FBR, Karachi.

    40. Ishtiaq Ahmed (PAC/BS-17) on promotion has been transferred and posted as Assistant Director, Directorate of IPR Enforcement (North), Islamabad from the post of Principal Appraiser, Model Customs Collectorate, Islamabad.

    41. Muhammad Saleem (SPSC/BS-17) on promotion has been transferred and posted as Assistant Director, Directorate of Internal Audit (Customs), Karachi from the post of SPS, Model Customs Collectorate of Preventive, Karachi.

    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 promotes officers to BS-16 superintendent

    FBR promotes officers to BS-16 superintendent

    ISLAMABAD: Federal Board of Revenue (FBR) on Friday promoted assistant tax officials of BS-16 to the post of superintendent (BS-16) with immediate effect.

    Following officers have been promoted:

    01. Ms. Parveen Rafique

    02. Najam Zafar

    03. Muhammad Sarwat Hussain Qadri

    04. Ms. Asia Iqbal

    05. Syed Hamid Baseer

    The FBR said that the officers would be on probation for a period of one year, extendable for further period, not exceeding one year, provided that if no order is issued by the day following the termination of probationary period, the appointment would be deemed to be held until further orders.

  • Main features of Amnesty Scheme 2019

    Main features of Amnesty Scheme 2019

    KARACHI: The government may launch a new tax amnesty scheme 2019 on April 15 for allowing undeclared local and domestic assets to become part of documented economy.

    The main features of the draft amnesty scheme, included:

    – Benami assets

    – Sales Tax and Federal Excise Duty

    – mandatory return filing

    – allowing balance sheet revision

    – litigation cases would also be allowed

    – amnesty to banking transaction will require cash to be put in bank accounts

    – there will be limit on gold declaration

    – Bank credits in last five years included

    – the amnesty will have higher valuation

    – this amnesty will have higher rates.

    The draft of amnesty scheme also explained persons qualified:

    According to it all companies and individuals except: holders of public office since January 01, 2000, their spouses, children, brothers and sister or lineal ascendant or descendant.

    Proceeds derived for commission of a criminal offence would be excluded for amnesty.

    Cases pending before a court of law would be allowed with the exception of older pending litigation.

  • Tax rates for proposed Amnesty Scheme 2019

    Tax rates for proposed Amnesty Scheme 2019

    KARACHI: Persons may be allowed to avail tax amnesty at one percent for undeclared banking transactions of past five years.

    According to draft of Tax Amnesty Scheme 2019, credit entries in a person’s own bank account is allowed at one percent of the total credit entries from July 01, 2013 till June 30, 2018 or 10 percent of peak credit entries during the said period whichever is higher.

    A tax rate of 10 percent has been proposed for declaration of benami assets.

    For foreign liquid assets repatriated into Pakistan the tax rate shall apply at five percent.

    The government has also proposed to allow transactions into benami bank accounts at only two percent of the total credit entries from January 01, 2017 till April 15, 2019 or 10 percent of peak credit entries during the said period whichever is higher.

    Any other assets have been allowed to avail amnesty at 7.5 percent of the prescribed value.

    The valuation has been proposed for undisclosed income and assets for the purpose of Section 5(2) of Income Tax Ordinance, 2001.

    For undisclosed bank accounts, the credit entries from July 01m 2013 till June 30, 2018.

    For undeclared open plots and land, flat the valuation shall be cost of acquisition or FBR values on April 15, 2019, whichever is higher.

    For undisclosed superstructure, the valuation has been proposed at Rs1,500 per square feet.

    For undisclosed motor vehicles, the valuation shall be costs incurred till original registration.

    For undisclosed gold, the valuation shall be Rs5,000 per gram.

  • FBR sets up complaint cell against corrupt officials

    FBR sets up complaint cell against corrupt officials

    ISLAMABAD: Federal Board of Revenue (FBR) has established a dedicated cell to facilitate taxpayers in filing complaints against corrupt practices of officials of Inland Revenue and Pakistan Customs.

    The FBR on Wednesday said that it had established Integrity Management Cell (IMC) to facilitate general public / taxpayers for filing of complaints against corrupt practices of officers/officials of FBR.

    The FBR said that following modes may be adopted to lodge complaints:

    — By directly calling helpline at 111-772-772 for information.

    — By visiting field offices of Inland Revenue & Pakistan Customs.

    — By sending an email at [email protected]

    — By filing complaint on FBR online portal.

    — By submitting either a hard copy of the complaint through post or meeting in person with Secretary (IMC), FBR (HQ), Constitution Avenue, Islamabad.

  • FBR asks financial institutions to provide account holders details for automatic exchange of information

    FBR asks financial institutions to provide account holders details for automatic exchange of information

    KARACHI: Federal Board of Revenue (FBR) has asked financial institutions to provide details of their account holders by May 31, 2019 for the purpose of automatic exchange of information with OECD member countries.

    In a notice sent to Pakistan Stock Exchange (PSX), the FBR said that as per section 165(B) and 107(1) of Income Tax Ordinance, 2001 and other applicable domestic laws and rules related to Automatic Exchange of Information (AEOI), the Reporting Financial Institutions are required to obtain and maintain certain information about their account holders in accordance with the CRS Rules notified by FBR through SRO166(I)/2017 on March 15, 2019, which has to be reported to FBR on an annual basis on May 31 of every year.

    The FBR said that reports from RFIs are due on May 31, 2019. In this regard the FBR asked the stock exchange to direct the RFIs that report to or are under the control of the stock market to ensure timely compliance as per law and rules.

    The FBR warned that in case of failure the RFIs would be penalized under Section 182 of the Income Tax Ordinance, 2001.

  • Sales Tax Act 1990: Recovery of amount erroneously refunded

    Sales Tax Act 1990: Recovery of amount erroneously refunded

    KARACHI: The officers of Inland Revenue have been authorized for recovery of refunded amount erroneously issued to taxpayer along with penalties and default surcharge.

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