FBR implements automatic selection of cases for audit
KARACHI: The Federal Board of Revenue (FBR) has been equipped with automatic selection of cases for audit that do not fulfill certain conditions. Under the provisions 8 of Section 214D,…
FBR introduces progressive tax regime for non-corporate taxpayers
KARACHI: The Federal Board of Revenue (FBR) has introduced progressive tax regime for profit on debt in case of non-corporate taxpayers. The rationale for introducing progressive tax rates is that…
FBR launches mobile service for taxpayer status verification
KARACHI: The Federal Board of Revenue (FBR) has introduced mobile SMS service ‘9966’ for verification of status on active taxpayers list to facilitate taxpayers and withholding agents. FBR has recently…
FBR develops code of conduct to discourage corruption
KARACHI: The Federal Board of Revenue (FBR) as part of the mission to eliminate corruption in the revenue body has developed a code of conduct. This would discourage officers avoiding…
FBR proposes amendments in Rules
KARACHI: The Federal Board of Revenue (FBR) desires that the advance tax collected by banks on all transactions should be deposited into the government treasury by July 31, 2015. According…
Transfers and postings in IRS
KARACHI: Federal Board of Revenue (FBR) on Thursday notified transfers of BS-18 officers of Inland Revenue Service (IRS). According to details, Mian Muhammad Majid Hayat has been transferred to the…
Large-scale transfers and postings in Pakistan Customs Service after Eid
KARACHI: Federal Board of Revenue (FBR) is all set to notify large-scale transfers and postings of senior officers of Pakistan Customs Service (PCS). The reshuffling is being done in consultation…
DTRE facility: FBR relaxes conditions for vegetable ghee exporters
KARACHI: The Federal Board of Revenue (FBR) has extended the scope of Duty and Tax Remission for Exports (DTRE) facility for the manufacturers cum exporters of vegetable ghee. The FBR…
FBR notified transfers and postings in Inland Revenue
KARACHI: The Federal Board of Revenue (FBR) has notified transfers and postings of BS-18 and BS-17 officers of Inland Revenue (IR). According to details, BS-18 officers transferred include Ms. Misbah…
Tax officers advised to properly implement revised FED regime
KARACHI: The Federal Board of Revenue has advised the field formations to ensure that the revised regime of Federal Excise Duty (FED) is properly implemented and the duty is charged…
Tax, Customs officials advised to ensure tax is charged at revised rates under SRO 1125(I)/2011
KARACHI: The Federal Board of Revenue (FBR) has advised all the Customs Collectorates as well as Large Taxpayers Units (LTUs) and Regional Tax Offices (RTOs) to ensure that sales tax…
FBR issues summary of sales tax measures
KARACHI: The Federal Board of Revenue (FBR) has issued brief summary of Sales Tax measures for guidance and ease of understanding along with actions required to be taken by the…
FBR makes scanning, examination of transit goods mandatory at port of entry
KARACHI: The Federal Board of Revenue (FBR) has made it mandatory that after filing of Goods Declaration (GD), 20 percent consignment of transit goods will be weighed and scanned at…
FBR grants unlimited powers to Directorate General of IPR-Enforcement
KARACHI: The Federal Board of Revenue (FBR) has granted unlimited power to the Directorate General of Intellectual Property Rights Enforcement – FBR, which includes making arrests as well as prohibiting…
Directorate of Transit Trade authorized to make arrests without warrants
KARACHI: The Federal Board of Revenue (FBR) has granted special powers to the Directorate General of Transit Trade, which includes the authority to demand documents and provide information as well…
Registered manufacturers exempted from submitting production, supply details
KARACHI: The Federal Board of Revenue (FBR) has exempted registered manufacturers making supply of taxable goods from the condition of submitting before FBR, the details of goods produced and goods…
Ministry of Interior reviews Exit Control List; departments & agencies asked to justify recommendations
KARACHI: The Ministry of Interior has initiated the process of reviewing the names on Exit control list (ECL), which are on the list for last one year and more, an…
FBR splits Customs Intelligence & Investigation into two directorates
KARACHI: The Federal Board of Revenue (FBR) has split the existing jurisdiction of the Directorate of Intelligence and Investigation – FBR (Customs) into two directorates i.e. I&I Customs Enforcement and…
Over 400 customs agents, customs officers acquitted in Afghan Commercial containers pilferage case
KARACHI: Justice Munawar Sultana of NAB Court has acquitted over 400 suspects including six Principal Appraisers, clearing and border agents in the case regarding pilferage of 7,922 Afghan Commercial containers,…
Customs to release liquor consignments imported by M/s Exalo and Qatar Airways
KARACHI: Pakistan Customs has decided to release the liquor consignments imported by M/s Exalo and M/s Qatar Airways. Transparency International Pakistan has been complaining to Federal Tax Ombudsman (FTO) on…