FTO Archives - Page 5 of 13

FTO Announces Setting Up Help Desk at KATI

August 7, 2024August 7, 2024Shahnawaz Akhter

Karachi, August 7, 2024 – Federal Tax Ombudsman (FTO) Dr. Asif Mahmood Jah has announced the establishment of a help desk at the Korangi Association of Trade and Industry (KATI) to address the tax issues faced by industrialists.

FTO Directs FBR to Conduct Comprehensive WHT Audit of Banks

July 16, 2024July 16, 2024Shahnawaz Akhter

ISLAMABAD, July 16, 2024 – The Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to conduct a detailed withholding tax (WHT) audit of commercial banks to address potential revenue leakage.

Overseas Pakistanis Can Import Vehicles After 2 Years: FTO

July 15, 2024July 15, 2024Mrs. Anjum Shahnawaz

Lahore, July 15, 2024 – In a significant move, the Federal Tax Ombudsman (FTO) has clarified the regulations for overseas Pakistanis regarding vehicle importation. The ruling specifies that expatriates can import vehicles under the baggage scheme, transfer of residence scheme, and gift scheme, provided they adhere to a newly enforced two-year interval.

FTO Exposes Tax Credit Problems in Leased Vehicles

July 14, 2024July 14, 2024Shahnawaz Akhter

Karachi, July 14, 2024 – The Federal Tax Ombudsman (FTO) has uncovered a significant problem with the withholding tax system for leased vehicles in Pakistan. This issue can lead to double taxation and denial of rightful tax credit for individuals and businesses leasing cars.

FTO Directs FBR to Streamline WHT Collection from Banks

June 5, 2024June 5, 2024Mrs. Anjum Shahnawaz

PkRevenue.com – The Federal Tax Ombudsman (FTO) has issued a directive to the Federal Board of Revenue (FBR) to overhaul and streamline the withholding tax collection system from commercial banks. This order comes after numerous studies and internal investigations highlighted significant inefficiencies in the current regime.

FTO Recommends Simplification of Income Tax Returns

June 2, 2024June 2, 2024Mrs. Anjum Shahnawaz

PkRevenue.com – The Federal Tax Ombudsman (FTO) has proposed that tax authorities streamline income tax returns to make it easier for taxpayers to fulfill their civic duties.

FTO Comforts Importers with Audit Notice Withdrawal Order

May 25, 2024May 25, 2024Mrs. Anjum Shahnawaz

In a significant move to alleviate concerns within the importing community, the Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to withdraw legally questionable audit notices issued to importers.

FTO Finds Maladministration by Commissioner IR RTO-II Karachi

May 17, 2024May 17, 2024Shahnawaz Akhter

Karachi, May 17, 2024 – The Federal Tax Ombudsman (FTO) has uncovered significant maladministration by the Commissioner of Inland Revenue (IR) of Regional Tax Office (RTO)-II Karachi.

FTO Directs FBR for Swift Action Against Fraudulent GDs

May 4, 2024May 4, 2024Shahnawaz Akhter

Karachi, May 4, 2024 – The Federal Tax Ombudsman (FTO) has mandated an immediate investigation by the Federal Board of Revenue (FBR) into the rampant misuse of Goods Declarations (GD) concerning export consignments processed through Pakistan’s integrated customs platforms, the Pakistan Single Window (PSW) and Web Based One Customs (WeBOC).

FTO Orders FBR to Withdraw Petitions After Presidential Directives

April 27, 2024April 27, 2024Shahnawaz Akhter

In a notable move, the Federal Tax Ombudsman (FTO) has issued directives to the Federal Board of Revenue (FBR) to withdraw all writ petitions filed in high courts that contradict the orders previously issued by the President of Pakistan.

Tag: FTO