Transfers/postings of IRS officers (BS 17-20): FBR notifies
KARACHI: The Federal Board of Revenue (FBR) on Monday issued a list of transfers and postings of 18 Inland Revenue Service (IRS) Officers of (BS 17-18-19-20) with immediate effects until…
Collector Adjudication charges importer of mis-declaration
KARACHI: The Customs Adjudication has charged one M/s Suleman Sons of duty/tax evasion through mis-declaration. According to the details of the case, M/S Suleman Sons electronically filed Goods Declaration (GD)…
Mis-declaration detected on import of abrasive sanding cloth
KARACHI: Pakistan Customs has detected the tax/duty evasion on import of abrasive sanding cloth by an importer who filed false and incorrect goods declaration through computerized clearance system. It is…
FBR updates inter-se-seniority of IRS Officers of 38th CTP
KARACHI: The Federal Board of Revenue (FBR) has updated inter-se-seniority list of 38th CTP officers of Inland Revenue Services (IRS), a notification issued on Wednesday. The following officers are included:…
Keeping animals in cattle market: Lahore High Court rejects plea to allow exemption of WHT
KARACHI: The Lahore High Court (LHC) has rejected the petition of taxpayers seeking relief from the court to declare that the withholding tax is exempted on fees paid against keeping…
Customs, tax authorities asked to recover Rs 9.07 million from Universal Traders
KARACHI: Model Customs Collectorate Appraisement (West) has advised customs authorities to recover the government dues amounting to Rs 9.07 million in form of sales tax against M/s Universal Traders, Karachi…
Immunity must be granted across the board under investment amnesty scheme: KTBA
KARACHI: The Karachi Tax Bar Association (KTBA) on Friday suggested to the Chairman of Federal Board of Revenue (FBR) Tariq Bajwa that immunity must be granted across the board under…
FBR withdraws sales tax exemption on electricity supply granted to 17 units
KARACHI: The Federal Board of Revenue (FBR) has withdrawn sales tax exemption on electricity supply to about 17 units registered with tax offices in Karachi, Lahore and Gujranwala, said sales…
FBR advised to impose sales tax on manufacturers of food products
KARACHI: The Federal Board of Revenue (FBR) advised to impose sales tax on manufacturers of food product, sources said. The Member Inland Revenue has advised the revenue authorities that the…
FBR directed to forward tax collection data to IMF on regular basis
KARACHI: The Federal Board of Revenue (FBR) has been directed by the government to forward certain information regarding tax collection and enforcement measures to International Monetary Fund (IMF) on regular…
Transfers/postings of IRS and PCS Officers BS-20-21
KARACHI: The Federal Board of Revenue (FBR) on Friday notified transfers and postings of Inland Revenue Services (IRS) and Pakistan Customs Services (PCS) Officers of BS-20-21 with immediate effect and…
Income tax officer removed from service on misconduct, corruption charges
KARACHI: Revenue Division has imposed major penalty of removal from the service on the Officer of Income Tax Group (ITG/BS-17) Irfan Asghar on the charge of misconduct and corruption, according…
I&I FBR issues intelligence alerts to tackle tax evasion through mis-declaration, under-invoices
KARACHI: Directorate General of Intelligence & Investigation of Federal Board of Revenue (I&I FBR) has issued intelligence alerts for tackling tax/duty evasions, misusing of exemptions and safeguarding the government revenue,…
FBR withdraws sales tax exemption on gas supply on 52 units
KARACHI: The Federal Board of Revenue (FBR) has withdrawn sales tax exemption on gas supply to about 52 companies registered with tax offices in Karachi, said a sales tax general…
Establishment Division nominates IRS officers for mid career management course
KARACHI: Establishment Division has further nominated the Inland Revenue Services (IRS) Officers of BS- 18 for 17th Mid Career Management Course (MCMC) at National Institute of Management (NIM), according to…
List of nominated PCS Officers for Mid Career Management Course
KARACHI: Establishment Division has nominated the Officers of Pakistan Customs Services (PCS) for 17th Mid Career Management Course (MCMC) at National Institute of Management (NIM), a notification said on Thursday.…
IRS officers nominated for mid career management course
KARACHI: Establishment Division has issued a list of nominated Officers of Inland Revenue Services (IRS) of BS-18-17 for 17th Mid Career Management Course (MCMC) at National Institute of Management (NIM),…
45 percent corporate tax rate recommended for telecom companies to stop dollar outflow
KARACHI: The Federal Board of Revenue (FBR) has recommended increase in tax rate on phone companies from 35 percent to 45 percent to discourage dollar outflow abroad and appreciate local…
Extended Fund Facility: IMF approves $553 million for Pakistan advising to improve tax administration
KARACHI: International Monetary Fund (IMF) on Thursday approved the second tranche $553 million of Extended Fund Facility (EFF) for Pakistan with stress on improving tax administration for eliminating tax loopholes.…
Transfers/postings of IRS officers (BS-18-19-20)
KARACHI: The Federal Board of Revenue (FBR) has notified transfers and postings of Inland Revenue Service (IRS) Officers BS -18-19-20 with immediate affects. The following officers have been transferred and…