Inland Revenue examines persons buying motor vehicles through customs auction

Jan 4

Auction, Taxation

Inland Revenue examines persons buying motor vehicles through customs auction

KARACHI: The office of Inland Revenue (IR) of Federal Board of Revenue (FBR) has launched examination of persons who purchased large number of vehicles through customs auctions. Sources in IR said on Monday that the probe had been initiated on the directives of the Federal Tax Ombudsman (FTO) regarding some bidders were frequently indulged in […]

by Mrs. Anjum Shahnawaz

Fake, flying invoices: IR intelligence unearths mega sales tax evasion

Sep 24

Taxation

Fake, flying invoices: IR intelligence unearths mega sales tax evasion

ISLAMABAD: The Directorate of Intelligence and Investigation, Inland Revenue, Faisalabad has unearthed huge sales tax evasion and arrested culprits for issuing fake and flying invoices. A spokesman of Federal Board of Revenue (FBR) on Wednesday said that I&I IR Faisalabad had arrested proprietor of M/s SAYTEX INTERNATIONAL, one of the major culprits running the racket […]

by Mrs. Anjum Shahnawaz

Inland Revenue officers empowered to recover non-tax revenue

Aug 1

Taxation

Inland Revenue officers empowered to recover non-tax revenue

ISLAMABAD: The officers of Inland Revenue have been empowered to recover non-tax revenue by invoking provisions of Income Tax Ordinance, 2001. The finance ministry has issued Public Finance Management Act, 2019, which was amended up to June 30, 2020 through Finance Act, 2020. According to Section 40E of the Act, a commissioner of Inland Revenue […]

by Mrs. Anjum Shahnawaz

Inland Revenue offices to observe extended working hours on June 29 – 30

Jun 22

Taxation

Inland Revenue offices to observe extended working hours on June 29 – 30

ISLAMABAD: The offices of Inland Revenue have been directed to observe extended working hours on last two days of current fiscal year in order to facilitate taxpayers in payment of duty and taxes. In an office order issued on Monday, the Federal Board of Revenue (FBR) said that all Large Taxpayers Units (LTUs), Corporate Regional […]

by Mrs. Anjum Shahnawaz

IR barred from arresting women on tax default

Dec 22

Taxation

IR barred from arresting women on tax default

KARACHI: The offices of Inland Revenue are prohibited for arresting women on charge of tax default. Besides, the offices also cannot arrest a minor. According to Income Tax Rules, 2002 there is prohibition against arrest of woman or minor. The commissioner of Inland Revenue shall not order the arrest or detention in the civil prison […]

by Mrs. Anjum Shahnawaz

IR commissioners empowered to issue trial registration number

Dec 19

Taxation

IR commissioners empowered to issue trial registration number

KARACHI: Commissioners of Inland Revenue have been empowered to issue trial registration number to taxpayers, who failed to comply with notices issued in this regard. Officials in Federal Board of Revenue (FBR) said that tax laws empowered IR commissioners to enforce income tax registration. They said that a commissioner having jurisdiction over a case may […]

by Mrs. Anjum Shahnawaz

Tax officials empowered to recover short payment without notice

Oct 17

Taxation

Tax officials empowered to recover short payment without notice

KARACHI: Tax officials have been authorized to recover short payment of sales tax through freezing bank accounts of taxpayers without serving show cause notice. Officials in Federal Board of Revenue (FBR) said that the officers of Inland Revenue had been authorized to make recovery of short payment of sales tax as declared in return of […]

by Mrs. Anjum Shahnawaz

RTO-II Karachi to assess incomes of lawyers, doctors, CAs, other professionals

Oct 9

Taxation

RTO-II Karachi to assess incomes of lawyers, doctors, CAs, other professionals

KARACHI: Regional Tax Office (RTO) – II Karachi has been authorized to assess incomes of professionals including lawyers, doctors, chartered accountants etc. for assessment of their incomes and enforce income tax returns. The Federal Board of Revenue (FBR) has revised jurisdiction of Chief Commissioner and Commissioners of Inland Revenue, RTO-II Karachi. The Zone-I of the […]

by Mrs. Anjum Shahnawaz

FBR directs IR, Customs offices to ensure taxpayer friendly environment

Aug 22

Taxation

FBR directs IR, Customs offices to ensure taxpayer friendly environment

ISLAMABAD: Federal Board of Revenue (FBR) on Thursday directed all offices of Inland Revenue and Pakistan Customs to ensure a clean and friendly environment in the offices across the country. The FBR directed that all the offices of Inland Revenue and Pakistan Customs should maintain the highest level of cleanliness. Sitting areas for visitors should […]

by Mrs. Anjum Shahnawaz

IR officers barred from suspending registration, raiding business premises of tax defaulters

May 14

Taxation

IR officers barred from suspending registration, raiding business premises of tax defaulters

ISLAMABAD: The offices of Inland Revenue have been barred from taking harsh action against tax defaulters such as suspending registration and raiding business premises on suspicions of tax evasion. The newly appointed chairman of Federal Board of Revenue (FBR) Shabbar Zaidi issued more directives on Tuesday to restrict the IR officers for using discretionary powers. […]

by Faisal Shahnawaz