Karachi, January 16, 2024 – The Federal Tax Ombudsman (FTO) has unearthed significant flaws in the valuation of immovable properties across Pakistan, revealing a lack of attention from the Federal Board of Revenue (FBR) and incompetence that has left the field vulnerable to the discretion of provincial and FBR’s field staff.
(more…)Tag: Federal Tax Ombudsman
-
FTO Investigates Bribery by FBR Officials Targeting Fish Exporters
Islamabad, January 15, 2024 – The Federal Tax Ombudsman (FTO) has launched an investigation into allegations of bribery by officials of the Federal Board of Revenue (FBR) targeting fish exporters.
(more…) -
FTO Directs Tax Audit of Nil Filer Medical College
Karachi, January 13, 2024 – The Federal Tax Ombudsman (FTO) has taken a significant step towards ensuring tax compliance within the private education sector by directing the Federal Board of Revenue (FBR) to conduct a thorough tax audit of Watim Medical College.
(more…) -
FTO Extends Tax Relief of Rs 17.74 Billion in 2023
Islamabad, January 10, 2024 – The Federal Tax Ombudsman (FTO) has delivered substantial tax relief amounting to Rs 17.74 billion in 2023, surpassing the previous year’s figure of Rs 7 billion.
(more…) -
FTO Directs Swift Action Against Cyber Fraud in Tax Returns
Islamabad, December 30, 2023 – The Federal Tax Ombudsman (FTO) has taken a decisive stance against cybercrime, directing the Federal Board of Revenue (FBR) to promptly address instances of hacking and manipulation within the tax system.
(more…) -
FTO Warns Taxpayers of Rising Scams and Fraudulent Activities
Islamabad, December 17, 2023 – The Federal Tax Ombudsman (FTO) has issued a stern warning to taxpayers across Pakistan, urging them to be on high alert for scams and fraudulent activities targeting unsuspecting individuals.
(more…) -
FTO Resolves Advance Income Tax Issue on Mosque Electricity Bill
Karachi, November 22, 2023 – Following the intervention of the Federal Tax Ombudsman (FTO), a matter concerning the improper deduction of advance income tax on the electricity bill of Masjid Al Noor (Trust) has been successfully resolved.
(more…) -
FTO Directs FBR to Operationalize Directorate of Immovable Property Valuation
Islamabad, November 6, 2023 – The Federal Tax Ombudsman (FTO) has issued a directive to the Federal Board of Revenue (FBR) to operationalize the ‘Directorate General of Immovable Property,’ established under section 230F through the Finance Act of 2018.
(more…) -
FTO Directs FBR to Assess Real Values of Immovable Properties in Posh Areas
Islamabad, October 13, 2023 – The Federal Tax Ombudsman (FTO) has issued a directive to the Federal Board of Revenue (FBR) aimed at rectifying valuation deficiencies and inconsistencies in the assessment of immovable properties, particularly in affluent areas.
(more…) -
FTO Orders Fact-Finding Committee in Case of Non-Clearance of Bentley Car
Karachi, September 25, 2023 – The Federal Tax Ombudsman (FTO) has issued directives to establish a fact-finding committee in response to a complaint regarding the non-clearance of a Bentley Continental Car.
(more…)