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Tag: Federal Board of Revenue

The Federal Board of Revenue is Pakistan’s apex tax agency, overseeing tax collection and policies. Pakistan Revenue is committed to providing timely updates on the Federal Board of Revenue to its readers.

  • FBR promotes 83 officers of IRS to BS-18

    FBR promotes 83 officers of IRS to BS-18

    ISLAMABAD: Federal Board of Revenue (FBR) on Friday promoted 83 officers of Inland Revenue Service (IRS) to BS-18 from BS-17 with on regular basis immediate effect.

    The following officers have been promoted:

    01. Sajjad Hussain

    02. Ms. Ifra Tabassum

    03. Khurram Fakhar Siddique

    04. Ms. Zehra Farooq

    05. Zeeshan Ali

    06. Essam Anwar Khokhar

    07. Ms. Amina Shah

    08. Ms. Naila Gul

    09. Ms. Zainab Asad Munir

    10. Muhammad Irfan Haider

    11. Ms. Amna Tariq Shah

    12. Rabnawaz Ahmed Matiana

    13. Sajjad Sadique

    14. Muhammad Sulaiman

    15. Syed Muhammad Sharique Tanweer

    16. Khan Shahzeb Bashir

    17. Ms. Farah Yamin Khan

    18. Muhammad Ahsan Tahir

    19. Abdul Rouf

    20. Muhammad Junaid Murtaza

    21. Muhammad Awais Ishaque

    22. Ghulam Rasool

    23. Yaser Hussain Bhutto

    24. Muhammad Waqas Maqsood

    25. Akbar Ali

    26. Abdul Ghafoor

    27. Noor Rehman

    28. Ms. Sana Baluch

    29. Danish Qamar

    30. Ms. Aisha Asad

    31. Afaque Ahmed

    32. Riaz Ahmed Alizai

    33. Shiraz Ali

    34. Ahmad Shakeel Babar

    35. Muhammad Adil Khan

    36. Haidar Abbas

    37. Imran Yousef

    38. Muhammad Faheem Sajjad Dhariwal

    39. Sultan Ali

    40. Bahawal Shahryar

    41. Ms. Khadija Hussain

    42. Ms. Sara Khan

    43. Ms. Shiraza Hameed

    44. Usman Ahmed

    45. Ms. Mahwish Khan

    46. Asim Raza

    47. Sardar Ali

    48. Ms. Sarwat Malik Habib

    49. Mohammad Omair Khan

    50. Ms. Maheen Hassan

    51. Amjad Hussain Zada

    52. Ms. Saqiba Mannan

    53. Ms. Mahak Mansoor

    54. Talat Mehmood Bosaal

    55. Ms. Beenish Aruj

    56. Suhail Abbas

    57. Bilal Qasim

    58. Usman Ijaz Rathoe

    59. Abdullah Irshad

    60. Ms. Asma Humayun

    61. Salman Naveed

    62. Junaid Manzoor

    63. Ms. Fatima Ali

    64. Aijaz Ali

    65. Ali Hassan

    66. Mehran Khan

    67. Ghulam Fareed

    68. Mehdi Hassan

    69. Immad Alam

    70. Ali Noor

    71. Muhammad Faiz Hussain

    72. Ejaz Shabbir Malik

    73. Aqeel Ahmed Sheikh

    74. Syed Hassan Abbas Rizvi

    75. Muhammad Aslam Makhdoom

    76. Fayyaz Ahmed Loothar

    77. Abdul Qadeer

    78. Muhammad Qudratullah Khan

    79. Salamat Ali Khan

    80. Abdul Wahab Saria

    81. Ghulam Murtaza Nizamani

    82. Malik Muhammad Riaz

    83. Muhammad Ashraf

    The FBR said that the officers who are drawing performance allowance will continue to draw the same after promotion.

    The officer shall actualize/continue to work at their present place of postings.

    The officers at serial number 2, 11, 17, 25, 36, 56 and 68 will actualize their promotion from the date of their joining at FBR.

    FBR congratulates the officers on their regular promotion to BS-18.

    Related Stories

    FBR notifies promotion of 41 IRS officers to BS-20 and BS-21

  • FBR promotes 17 Customs officers to BS-18

    FBR promotes 17 Customs officers to BS-18

    ISLAMABAD: Federal Board of Revenue (FBR) on Friday promoted 17 officers of Pakistan Customs Service (PCS) from BS-17 to BS-18 with immediate effect.

    The following officers have been promoted with immediate effect:

    1. Syed Itrat Hussain

    2. Maryam Khalid

    3. Saima Zaib Butt

    4. Dr. Jam Muhammad Imran

    5. Muhammad Wasif Malik

    6. Amanat Khan

    7. Muhammad Adnan Khan

    8. Abdul Majeed

    9. Mukhtar Ali Sheikh

    10. Muhammad Faizan Badar

    11. Sadia Usman

    12. Choudhary Fahad Bashir

    13. Muhammad Zohaib

    14. Saiqa Abbas

    15. Muhammad Ikram

    16. Tariq Mashkoor

    17. Shafiq Ahmed Mughal

    The officer appearing at Serial No. 2 will actualize her promotion from the date she returns from deputation and join FBR.

    The officers, who are drawing performance allowance, will continue to draw the same after promotion.

    The officers may actualize their promotions at their present place of posting.

    The FBR congratulates the aforementioned officers on their promotion.

    Related Stories
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  • FBR needs Rs2.07 tn to achieve collection target

    FBR needs Rs2.07 tn to achieve collection target

    ISLAMABAD: Federal Board of Revenue (FBR) is required to collect over Rs2.07 trillion in next four months in order to meet revenue collection target of Rs4.398 trillion for current fiscal year.

    (more…)
  • FBR issues ATL for Tax Year 2018, active taxpayers decline to 1.6 million

    FBR issues ATL for Tax Year 2018, active taxpayers decline to 1.6 million

    ISLAMABAD: Federal Board of Revenue (FBR) on Friday launched new Active Taxpayers List (ATL) for Tax Year 2018, which is showing around 1.6 million taxpayers filed their income tax returns by respective due dates.

    The FBR issues ATL for the latest tax year on every first day of March. In the latest ATL the number of active taxpayers reduced to 1.6 million from 1.84 million as per the last weekly updated ATL for Tax Year 2017, showing fall of 240,000 returns submitted to the tax authorities.

    The number of active taxpayers will not further increased as late return filers have been deprived of appearing on the ATL.

    The previous PML-N government in its last budget announcement made a law to restrict the list with those name, who filed their list by due date.

    Through Finance Act, 2018 a new provision Section 182A was added to Income Tax Ordinance, 2001 for this purpose.

    Section 182A: Return not filed within due date.—

    Sub-Section (1): Notwithstanding anything contained in this Ordinance, where a person fails to file a return of income under section 114 by the due date as specified in section 118 or by the date as extended by the Board under section 214A or extended by the Commissioner under section 119, as the case may be, such person shall—

    (a) not be included in the active taxpayers’ list for the year for which return was not filed within the due date; and

    “Explanation.—For the removal of doubt it is clarified that the provisions of this section shall apply from tax year 2018 and onwards for which the first Active Taxpayers List is to be issued on first day of March, 2019 under Income Tax Rules, 2002.; and

    (b) not be allowed, for that tax year, to carry forward any loss under Part VIII of Chapter IV.

    The appearance on ATL is important for a taxpayer to avail reduced rate of withholding tax rates.

    The appearance of name has become even more important after the amendments brought in to restrict non-filers in purchase / registering new motor vehicles and immovable properties.

    With the issuance of new active taxpayers’ list the FBR will also suspend the weekly updated list as the late filers have been denied to have their names on the list.

  • Authorities to pay penalty for processing non-filers’ request

    Authorities to pay penalty for processing non-filers’ request

    KARACHI: Provincial motor or immovable property registration authorities will liable to pay penalty around three percent of the value in case of processing registration request by non-filers of income tax return.

    According to updated Income Tax Ordinance, 2001 issued by the Federal Board of Revenue (FBR), the government imposed restriction on registration of motor vehicle and immovable properties by non-filers under Section 227C.

    A penalty of three percent of the value of motor vehicle or immovable property is liable to pay:

    i. Where any registering authority of Excise and Taxation Department accepts, processes or registers any application for registration of a locally manufactured motor vehicle or for the first registration of an imported vehicle in violation of the provisions of clause (a) of section 227C.

    ii. Where any authority responsible for registering, recording or attesting the transfer of immovable property accepts or processes the registration or attestation of such property in violation of the provisions of clause (b) of section 227C.

    Similarly car manufacturers are also liable to pay penalty in case of selling motor car to non-filer of income tax return.

    A car manufacturer is liable to pay penalty of five percent of the value of the motor vehicle:

    Where any manufacturer of a motor vehicle accepts or processes any application for booking or purchase of a locally manufactured motor vehicle in violation of the provisions of clause (a) of section 227C.

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  • Income Tax Ordinance 2001: Late filers not to get names on ATL

    Income Tax Ordinance 2001: Late filers not to get names on ATL

    KARACHI: Late filers of income tax returns will not get their name on the Active Taxpayers List (ATL) that will be issued tomorrow (March 01, 2019).

    The Federal Board of Revenue (FBR) will issue the latest edition of ATL, which will carry names of those taxpayers who filed their income tax returns by due date for Tax Year 2018.

    With the issuance of new active taxpayers’ list the FBR will also suspend the weekly updated list as the late filers have been denied to have their names on the list.

    The previous PML-N government in its last budget announcement made a law to restrict the list with those name, who filed their list by due date.

    Through Finance Act, 2018 a new provision Section 182A was added to Income Tax Ordinance, 2001 for this purpose.

    Section 182A: Return not filed within due date.—

    Sub-Section (1): Notwithstanding anything contained in this Ordinance, where a person fails to file a return of income under section 114 by the due date as specified in section 118 or by the date as extended by the Board under section 214A or extended by the Commissioner under section 119, as the case may be, such person shall—

    (a) not be included in the active taxpayers’ list for the year for which return was not filed within the due date; and

    “Explanation.—For the removal of doubt it is clarified that the provisions of this section shall apply from tax year 2018 and onwards for which the first Active Taxpayers List is to be issued on first day of March, 2019 under Income Tax Rules, 2002.; and

    (b) not be allowed, for that tax year, to carry forward any loss under Part VIII of Chapter IV.

    The FBR issued its last weekly updated ATL for Tax Year 2017 on Monday, February 25, 2019, which carried those taxpayers list who filed their returns up to February 24, 2019.

    The last ATL shows the FBR received 1.84 million returns till February 24, 2019 for tax year 2017.

    While, the FBR received around 1.55 million income tax returns for tax year 2018 by due dates for individuals and corporate entities.

    The appearance on ATL is important for a taxpayer to avail reduced rate of withholding tax rates.

    The appearance of name has become even more important after the amendments brought in to restrict non-filers in purchase / registering new motor vehicles and immovable properties.

  • FBR discontinues zero rating facility to two textile units

    FBR discontinues zero rating facility to two textile units

    ISLAMABAD: Federal Board of Revenue (FBR) has withdrawn sales tax zero rating to two textile units in Karachi for misusing facility on consumption of gas and electricity.

    According to Sales Tax General Order (STGO) issued on Wednesday, the FBR withdrew the facility of zero rating that was granted on consumption of electricity and gas to companies including A R Hosiery Works and International Chrome Tannery.

    The FBR said that the zero-rated facility was withdrawn on the recommendation of Regional Tax Office (RTO)-III Karachi.

    The FBR directed the Chief Commissioner Inland Revenue of RTO-III Karachi to communicate with concerned authorities for charging the normal sales tax rates from those textile units.

    The FBR further directed the chief commissioner to submit report in case of misuse of the facility.

  • Income Tax Ordinance 2001: No commercial, industrial gas or electricity connection without NTN

    Income Tax Ordinance 2001: No commercial, industrial gas or electricity connection without NTN

    KARACHI: The National Tax Number (NTN) is mandatory for a person applying by commercial or industrial connection for electricity or natural gas.
     
    The Federal Board of Revenue (FBR) recently updated Income Tax Ordinance, 2001 which explained about taxpayer’s registration.
    Section 181: Taxpayer’s registration.—

    Sub-Section (1): Every taxpayer shall apply in the prescribed form and in the prescribed manner for registration.

    Sub-Section (2): The Commissioner having jurisdiction over a case, where necessitated by the facts of the case, may also register a taxpayer in the prescribed manner.

    Sub-Section (3): Taxpayers’ registration scheme shall be regulated through the rules to be notified by the board.

    Sub-Section (4): From tax year 2015 and onwards, in case of individuals having Computerized National Identity Card (CNIC) issued by the National Database and Registration Authority, CNIC shall be used as National Tax Number.

    Section 181A: Active taxpayers’ list

    Sub-Section (1): The Board shall have the power to institute active taxpayers’ list.

    Sub-Section (2): Active taxpayers’ list shall be regulated as may be prescribed.

    Section 181AA: Compulsory registration in certain cases

    Sub-Section (1): Notwithstanding anything contained in any law, for the time being in force, any application for commercial or industrial connection of electricity or natural gas, shall not be processed and such connection shall not be provided unless the person applying for electricity or gas connection is registered under section 181.

    Section 181B: Taxpayer card

    Subject to this Ordinance, the Board may make a scheme for introduction of a tax-payer honour card for individual taxpayers, who fulfill a minimum criteria to be eligible for the benefits as contained in the scheme.

    Section 181C: Displaying of National Tax Number

    Every person deriving income from business chargeable to tax, who has been issued a National Tax Number, shall display his National Tax Number at a conspicuous place at every place of his business.

  • FBR fixes sales tax rate for cottonseed

    FBR fixes sales tax rate for cottonseed

    ISLAMABAD: Federal Board of Revenue (FBR) has fixed Rs 8 as sales tax for 40 kilogram of cottonseed for the period starting from July 01, 2019.

    Similarly, Rs 7 sales tax for 40kg of cottonseed for the period of starting July 01, 2018 and ending on June 30, 2018 (both days inclusive).

    The FBR on Tuesday issued SRO 253(I)/2019 and said that SRO 188(I)/2015 dated March 05, 2018 was issued for a special procedure for payment of sales tax on cottonseed oil and to exempt cottonseed oil cake from payment of sales tax.

    The FBR further said that the notification was declared ultra vires by the Lahore High Court and the order of the Lahore High Court was upheld by the Supreme Court of Pakistan vide its order dated April 16, 2018 in Civil Petition No. 1028 to 1121, 1433 to 14558 and 2550 to 2553 of 2017 on the ground that the approval of the federal cabinet was not obtained.

    Therefore, the federal government approved the amendments to Sales Tax (Special Procedures) Rules, 2007, which would be effective July 01, 2018.

    The FBR said that the notified sales tax rates would be collected under the special procedure.

    It said that all cotton ginners, if not already registered or required to be registered, shall obtain sales tax registration for the purpose of these rules.

    The amount of sales tax so charged and collected by the cotton ginners shall be declared in the monthly returns and shall be deposited as such without any input tax adjustment.

    The suppliers of cottonseed shall mention sales tax charged separately on the sales tax invoice to be issued by them.

    The oil expelling units using the cottonseed on which sales tax has been charged and collected in the aforesaid manner shall be exempt from payment of sales tax on the supplies of oil cake produced from such cottonseed.

    The ginner shall submit a certificate to the commissioner having jurisdiction by the 15th day of the month following the tax period for the quantity of cottonseed supplied to the growers for sowing purpose.

  • FBR notifies rules for online monitoring of five major items

    FBR notifies rules for online monitoring of five major items

    ISLAMABAD: Federal Board of Revenue (FBR) has notified rules for electronic monitoring of five goods in order to prevent sales tax evasion.

    The FBR issued SRO 250(I)/2019 on Tuesday for electronic monitoring, tracking and tracing of production, import and supply-chain of the following goods, on real time basis, hereinafter referred to as the specified goods, namely:-

    (a) tobacco Products;

    (b) beverages;

    (c) sugar;

    (d) fertilizer; and

    (e) cement:

    Provided that any or all of the said specified goods above shall be monitored, tracked and traced in the manner provided in this Chapter from the date to be specified by the FBR, through a general order:

    Provided further that the specified goods, if brought from non-tariff area as defined in the Federal Excise Act, 2005, shall be treated as imported goods for the purposes of this chapter.

    The FBR said that goods to be affixed with tax stamps, banderoles, stickers, labels, barcodes, etc.

    (1) On every package, including a tin, container or bottle, of the specified goods whether manufactured or imported shall be affixed or printed a tax stamp, banderole, sticker, label, barcode, etc., hereinafter referred to as tax stamp, in the manner prescribed under this Chapter:

    Provided that in respect of such specified goods which are exempt or meant for export tax stamps shall not be required to be affixed thereon, but shall be clearly, legibly and indelibly marked as “Exempt Goods” or “For Export”, as the case may be.

    (2) Every tax stamp required to be affued under these rules shall bear such security features as are approved by the Board in order to-

    (a) prevent counterfeiting;

    (b) enable accounting of production of the specified goods; and

    (c) enable any person in the supply chain or an officer authorized by the Commissioner Inland Revenue to authenticate such tax stamp.

    (3) The system for imported goods shall be installed in a designated area at the port of importation or a customs bonded warehouse, as the case may be, declared by the importer for this purpose, or any other place approved by the Project Director:

    Provided that the Board may allow tax stamps to be affixed on any specified goods to be imported in a production facility in the exporting country, subject to such conditions as the Board may specify.

    (4) No person engaged in manufacturing, sale or purchase or handling of specified goods shall remove or tamper with the tax stamp affixed thereon until these are sold to the final consumer.